If the monopolistic competitor encounters the demand and expenses shown below, the firm's overall cost is $48.
When several businesses provide competing goods or services that are comparable but not exact alternatives, monopolistic competition emerges. a proprietary, fiercely competitive market with minimal entry barriers where no company's actions directly affect rivals. Competitors make judgments about their price and marketing in an effort to stand out from the crowd. Monopoly competition happens when several businesses provide comparable but distinct items.In monopolistic competition, businesses use pricing and marketing methods to distinguish their goods.
Entry barriers, expenses, and other roadblocks that prohibit new rivals from joining the market are minimal in monopolistic competition.
Between monopoly and perfect competition there is monopolistic competition, which includes businesses.
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the balance in accounts receivable at the beginning of the year amounted to $2,240. during the year, $7,920 of credit sales were made to customers. if the ending balance in accounts receivable amounted to $1,440, and uncollectible accounts expense amounted to $600, what is the amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement?
Amount of cash inflow from customers that would appear in the operating activities section of the cash flow statement is $8,720
Money coming into a business is known as cash inflow, and it may come through sales, investments, or financing. The reverse of a cash outflow is a cash inflow, which is money entering a business. Making more informed strategic decisions and maximizing the use of your limited resources requires having a solid understanding of how to compute and interpret both of these SaaS financial KPIs.
The term "cash flow from operating activities" describes the money that comes into or goes out of your company as a result of the production and sale of your goods and services, which constitute your regular business operations.
Accounts receivable(beginning) = $2,240
Credit sales = $7,920
Accounts receivable (ending) = $1,440
Bad debt expense = $600
Cash inflow from customers = Accounts receivable(beginning)+ Credit sales - Accounts receivable(ending)
= 2,240+7,920-1,440
= $8,720
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a written job description typically includes themultiple choicetitle of the job.required educational experience.skills needed to perform the job.personal characteristics of the job candidate.
The job title, the tasks to be completed, the essential characteristics of the position, and the authority and obligations of the jobholder are common components of a job description.
A job description includes the following components: the title of the position, its purpose, its responsibilities, its duties, its desired and necessary qualities, and its working environment.
A job description is a document that lists the necessary skills, responsibilities, and qualifications to complete a certain activity. A thorough job description will explain how success is measured in the role so that it can be used in performance evaluations. It may include information about the official to whom the position reports, the qualifications or expertise necessary for the role, the tools, equipment, and work aids utilized, the working environment, the salary, and other factors.
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what are the implications for firms that do not have common database systems with consistent formats across their enterprise?
They struggle to manage their value chain efficiently. Communication between people results in time savings, cost reductions, and fewer errors that communication between computers.
Database Systems/Database Management Systems, often known as DBMS, are pieces of software that collect electronic and digital records, extract usable information from those records, and then store that information. A conventional database's function is to store and retrieve data.
Large amounts of data may be managed through database systems. Defining information storage architecture and creating tools for information manipulation are both components of data management.
What are the 4 types of databases?
Types of Database Management Systems
Relational database.Object-oriented database.Hierarchical database.Network database.Learn more about Database Management to visit this link
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if purchase orders are monitored for unauthorized activity in real time while month-end adjusting entries are evaluated once a month, those transactions monitored in real time would be an example of a:
An illustration of a Continuous audit would be purchase orders that are monitored in real time for unauthorized activity while month-end adjusting entries are evaluated once per month.
An internal procedure known as a continuous audit examines business procedures, information technology systems, risk controls, compliance, and accounting practices on an ongoing basis. Most of the time, technology drives continuous audits, which are designed to automatically verify data and check for errors in real time.
What is an illustration of ongoing audit?Examples of Continuous Auditing Counting physical inventory to make sure it matches the levels reported by the inventory management system is an important internal control over inventory. There should be adjustments made if there are differences.
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Full Question = If purchase orders are monitored for unauthorized activity in real time while month-end adjusting entries are evaluated once a month, those transactions monitored in real time would be an example of a:
Traditional audit.
Periodic test of internal controls.
Continuous audit.
Continuous monitoring.
the primary cost associated with the level production strategy is the: group of answer choices cost of holding inventory cost of hiring and firing workers cost of overtime cost of subcontracting
Cost of holding inventory is the primary cost associated with the level production strategy.
The expenses incurred for keeping products or stock in a warehouse are known as inventory holding costs. Inventory that is kept in stock is a liability that reduces profit margins and raises operating costs for firms. Inventory holding costs include rent for the facility, security fees, depreciation costs, and insurance. The main goal of keeping inventory on hand is to make sure that customer service standards can always be satisfied without endangering cash flow or running out of product.
Customers frequently stop being customers when they can't buy what they need when they need it. When a corporation employs a level approach, it implies that production will remain consistent regardless of the level of demand. This indicates that finished goods inventories in businesses that manufacture to stock.
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1. lo 13.1what is sustainability and how might corporations incorporate sustainability practices into their business?
Sustainability in business refers to a company's plan to lessen the damaging effects on the environment caused by its operations in a certain market.
Environment, social, and governance (ESG) measures are often used to evaluate an organization's sustainability efforts.
Climate change is now too dangerous to ignore as we confront permanent changes to the Earth's system. Concerns regarding domino consequences in global natural systems and society are being raised as environmental thresholds are being exceeded. If they haven't already, businesses are feeling pressured and given the chance to set sustainable targets. Companies continue to align themselves with the sustainable development goals (SDGs) set by the United Nations General Assembly in 2015 and planned to be accomplished by the year 2030, despite the ongoing COVID-19 pandemic environment. The SDGs set forth global objectives that serve as a road map for corporate sustainability in areas like poverty, inequality, environmental degradation, and climate change.
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the federal government makes interest payments on __________ while you’re enrolled in school at least half-time, for the first six months after you leave school, and during any period of deferment.
The Federal Government makes interest payments on your loan while you’re enrolled in school at least half-time.
What is student loan repayment?Repayment is the repayment of money previously borrowed from a moneylender. Funds are typically repaid through regular payments that include both principal and interest. Your monthly payment is 10% or 15% of your disposable income, depending on when you borrowed it, but not more than you would pay on a standard 10-year amortization schedule. You are eligible for government loan forgiveness after 20 or 25 years of payments.
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which policy is appropriate when a rising aggregate price level is a concern but gdp is growing at an acceptable rate?
Contractionary or restrictive monetary policy is appropriate when a rising aggregate price level is a concern but gdp is growing at an acceptable rate.
In order to restrain the expansion of the money supply and slow the pace of the economy, restrictive monetary policy is used. Its primary goal is usually to lower inflation. The terms contractionary and tight monetary policy are also used to describe it. Consumers have a lot of confidence. Family incomes are generally higher. Some buy a brand-new house. Others could invest on a brand-new vehicle or treat themselves to a luxurious getaway. Debt, such as a mortgage, business loan, vehicle loan, or credit cards, is a common way for families and businesses to finance their purchases. Life is, after all, wonderful. They believe their incomes will continue to be high because of the rising aggregate demand in the economy. There is a business boom. Increasing demand for their products and services is their largest issue.
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Financing with _____ requires borrowing, whereas financing with _____ requires issuing shares of stock.
Financing with debt requires borrowing, whereas financing with equity requires issuing shares of stock.
Debt financing is the process by which a business raises funds by offering investors debt instruments. Equity finance, which involves issuing stock to raise money, is the reverse of debt financing. When a company sells fixed income securities like bonds, bills, or notes, debt financing takes place.
The practice of obtaining money through the selling of shares is known as equity financing. The reason companies raise money is because they can have an immediate need to pay bills or a long-term initiative that would help them expand that needs funding. A company that sells shares effectively transfers control of the business in exchange for money.
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matzinger company budgets sales of $800,000, fixed costs of $111,600, and variable costs of $496,000. what is the contribution margin ratio for matzinger company?
Matzinger company budgets sales of $800,000, fixed costs of $111,600, and variable costs of $496,000. 40% is the contribution margin ratio for matzinger company.
A corporation, often known as company, is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause in order to accomplish clearly stated objectives. Companies come in many shapes, including: voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit. So that the company itself has limited liability as members fulfill or fail to fulfill their obligations in accordance with the publicly stated incorporation, or published policy, a company may be established as a legal entity. It may be necessary to liquidate a firm after it closed in order to discharge any outstanding debts. A company is a "artificial person" with a common seal, perpetual succession, and a discrete legal personality that was founded by or pursuant to law. Companies are unaffected by the death, insanity, or insolvency of a specific member, with the exception of some senior positions.
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suppose a new product is developed and is supplied by a monopolist with a patent. compared with the monopoly outcome, indicate whether consumer surplus, producer surplus, and total surplus increase, decrease, or remain the same under the following scenarios.
a market arrangement in which there is just one seller and only one type of goods available. As the only vendor of the products with no viable alternatives, the seller in a monopoly market has no rivals.
The object of the game is to buy, rent, and sell as much real estate as you can in order to amass the biggest wealth. Place the Chance and Community Chest cards face down on the corresponding board spaces. BUILD THE BOARD: Set it down on a table. The game's title alludes to the economic concept of a monopoly, which occurs when one business controls a market. When a business has a monopoly, its product is sold only and there are no close alternatives. Unchecked monopolies have the capacity to determine prices and control the market. Examples include the relationship between Microsoft and Windows, DeBeers and diamonds, and your local gas company.
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what are the four important decisions made when developing an advertising program? list them in order.a. Setting objectives, setting the budget, developing strategy, and evaluating effectivenessb.Setting objectives, setting the budget, determining the impact on sales and profits, and determining the return on investmentc.Setting the budget, setting objectives, developing strategy, and evaluating effectivenessd.Setting objectives, setting the budget, developing message strategy, and determining media timinge. Developing message strategy, developing message execution, selecting media, and determining media timing
these four choices made when creating an advertising campaign. establishing advertising goals, deciding on an advertising budget, creating an advertising plan, and assessing success of the advertising.
Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. Through "branding," which links a product name or image with particular traits in consumers' minds, commercial advertising frequently aim to boost consumption of their goods or services.
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select consists of all the activities concerned with obtaining money and using it effectively.
Financial Management consists of all the activities concerned with obtaining money and using it effectively.
At its center, financial management is the exercise of creating a marketing strategy and then making sure all departments stay heading in the right direction. strong economic control permits the CFO or vp of finance to offer statistics that helps introduction of an extended-variety vision, informs choices on in which to invest, and yields insights on how to fund the ones investments, liquidity, profitability, coins runway and more.
In easy phrases, financial management is the enterprise characteristic that deals with making an investment the to be had economic resources in a way that greater commercial enterprise success and return-on-funding (ROI) is finished. financial control experts plan, organize and control all transactions in a enterprise.
The number one intention of economic management is to manage an agency's price range in order that corporations are compliant with important regulations and are a hit of their area. The process involves excessive-stage making plans and right execution. whilst executed proper, groups prevail and improve profitability.
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explorer company is considering the following investment proposal: additional information for interest rate of 10 percent and four time periods: what is the net present value for the investment?
Average accounting rate of return on investment equals 1500/29000, or 0.0517, or 5.17%.
Investment in depreciable assets minus disinvestment in depreciable assets equals depreciation divided by useful life.
= (48000 - 2000) / 4 years
= $11,500 annually
Annual Net Profit is equal to the sum of annual cash inflows, annual cash outflows, and annual depreciation.
Annual Net Profit: $30,000 - $17,000 - $11,500
Accounting percentage of return on investment
Annual net profit divided by the total initial investment equals the accounting rate of return.
The accounting rate of return on the first investment is equal to 1500/(48000 + 4,000).
The accounting rate of return on the initial investment is equal to 1500/52 000.
Accounting rate of return equals 0.0288, or 2.88 percent.
Average accounting return on investment
Total Investment - Total Disinvestment Equals Average Investment
divided by 2.
= (48000 + 4000 + 2000 + 4000) / 2
= 58000 / 2
= $29000
$1500 is the year net profit.
Accounting return rate
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fatima's cleaning business has several customers but is not dominant in its field. this is an example of a(n) business.
Although Fatima's cleaning company has a number of clients, it is not the market leader. This cleaning company is an example of a small business.
Small companies are often either service providers or retail establishments like pharmacies, grocery shops, and small manufacturing facilities. Small businesses are privately held companies with fewer resources (money, labor, and/or machinery) than larger companies.
Two-thirds of new employment in the US are created by small businesses, which produce 43.5% of the country's GDP. Small businesses not only keep the economy going, but they also lead the way in innovation. Small businesses grant 16 times as many new patents per employee as large patenting firms.
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A positive balance that remains after total expenses are subtracted from total income.
a. true
b. false
The correct answer is surplus. A positive balance that remains after total expenses are subtracted from total income.
The revenues are recorded with a negative sign, which denotes a credit, in accordance with their natural sign. The natural sign of an expense is stated as unsigned (positive), which denotes a debit. Gross profit and net income are the two metrics used most frequently to gauge a company's profitability. By deducting the cost of products sold from total revenue, gross profit is derived. Total costs are subtracted from total revenue to arrive at net income. A positive number indicates income flowing in, whereas a negative number indicates outflow of funds. You put outgoing expenditures (including non-operating costs) as a positive for expenses, and a credit note or refund would be a negative.
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because economists understand what things change gdp, they can predict recessions with a fair amount of accuracy. true false
The answer is true. Recessions are important to economists because many people lose their jobs and struggle to maintain their standard of living during these times.
Even individuals who do not lose work may face cuts in hours or salary, which Recessions their level of life. It is a substantial drop in economic activity that lasts for more than a few months and must be geographically widespread. A lack of confidence in the economists and the likelihood of a recession might be indicated by an inverted yield curve and a lower long-term yield. Since 1970, every U.S. recession has been predicted by an inverted yield curve.
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paving a new parking lot would be classified as a.ordinary maintenance and repairs b.asset improvements c.extraordinary repairs d.none of these choices
Paving a new parking lot would be classified as b. asset improvements.
What is an improvement to a capital asset?A capital improvement is the addition of a long-term structural modification or the restoration of a particular aspect of a piece of property that will either raise the overall worth of the property, extend its usable life, or enable it to be used for new purposes. The improvement must be anticipated to last for at least a year in order to qualify as a fixed asset. The improvement needs to fit into one of the following groups: It increases the asset's lifespan. It raises the asset's overall value. It modifies the fixed asset to allow for new uses.
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as part of the marketing team at delta airlines, you must develop a strategy to increase demand for flights between kansas city and detroit. you examine data from previous flights and determine that the existing demand for flights between the two cities is as given in the accompanying table. price per flight quantity demanded per day $200 1,200 $300 1,100 $400 1,000 $500 900 $600 800 $700 700 a. your team launches a viral advertising campaign that is so successful that all existing consumers increase their willingness to pay by $100, and 50 new customers demand flights at every price. how will this affect the quantity demanded per day?
After the marketing campaign, the results in the next flight will be increased to $300 price and 1400 demanded per day.
What is the marketing campaign?A marketing campaign is a well-planned series of actions and tasks that advertise the goods or services offered by your business with a clear objective in mind.
A variety of media, including radio, television, live events, and digital media, may be used in campaign activities.
Campaigns are meticulously designed and the activities are modified to produce the best results.
So, after the marketing campaign, the results are as follows:
Before: $200, 1350
New:
$200 + $100, 1350 + 50
$300, 1400
Therefore, after the marketing campaign, the results in the next flight will be increased to $300 price and 1400 demanded per day.
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a small restaurant with wait staff that reports to staff manager who reports to a floor manager who reports to the restaurant manager is a clear example of a(n) organizational structure.
The general manager of a restaurant or managing partner's position, if they have ownership interest in the File communications, reports, personnel files, etc.
For instance, the manager of the marketing department would be responsible for overseeing all employees in a company who are involved in product marketing. An official organization chart can display an informal organization. Corporate culture doesn't really affect a company's performance all that much. An organization's chain of command includes staff supervisors. To reduce harm, take quick action to correct the false grapevine information. recognizes that the person who delegated the work is still responsible for it.
Job specialization has the advantage of lowering your risk of error. When you have deep expertise in a particular
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which statement best captures the relationship between the value of the fiscal multiplier and crowding out?
The crowding-out effect is a theory that argues increased government spending reduces private spending in the economy. To spend more, governments have to either hike taxes or borrow, typically by selling bonds.
The crowding out effect is a monetary idea that helps that rising public area spending results in a discount of private zone spending or maybe eliminates it. while the government will increase its borrowing, which means expansionary financial policy, it rises the real hobby price as well, which has the effect of captivating the financial system's lending potential and of discouraging corporations from making capital investments.
In economics, crowding out is a phenomenon that happens whilst increased government involvement in a sector of the marketplace economic system appreciably influences the rest of the market, either on the deliver or demand aspect of the market. The crowding out impact is a monetary concept arguing that growing public sector spending drives down or even gets rid of non-public quarter spending.
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what matters most in determining the efficient distribution of production over the world is: absolute advantage. efficiency. the allocation of resources. comparative advantage.
what matters most in determining the efficient distribution of production over the world is comparative advantage.
What is comparative advantage?is an economy's cap potential to provide a selected desirable or provider at a decreased possibility price than its buying and selling partners. Comparative gain is used to give an explanation for why companies, countries, or people can gain from trade.When used to explain global trade, comparative gain refers to the goods that a rustic can produce greater affordably or effortlessly than different countries. While this commonly illustrates the advantages of trade, a few modern economists now well know that focusing handiest on comparative benefits can bring about exploitation and depletion of the country's resources.The regulation of comparative gain is popularly attributed to English political economist David Ricardo and his ee-e book On the Principles of Political Economy and Taxation written in 1817, even though it is probable that Ricardo's mentor, James Mill, originated the analysis.learn more about comparative gain
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the _____________ is the result of eliminating middle management positions in order to shorten lines of communication within the organization?
The trend towards flatter organization is the result of eliminating middle management positions in order to shorten lines of communication within the organization.
Which communication channels are there?In order to grasp someone else's meaning, you must listen to what they are saying. To understand someone else's meaning in writing, you must read what they are saying. And to understand someone else's meaning in nonverbal cues, you must observe the person in question.
What do organizational communication channels entail?Lines of communication can include a chain of command, which mandates that staff members only address their immediate superiors in the event of comments or complaints rather than going straight to leaders farther up the org chart.
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what is the npv of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250?
$540.79 is the NPV of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250.
What Is Net Present Value (NPV)?The difference between the present value of cash inflows and outflows over time is known as net present value (NPV). The profitability of a proposed investment or project is examined using NPV in capital budgeting and investment planning.
NPV is the outcome of computations that determine the current value of a future stream of payments using the appropriate discount rate. Projects that have a positive NPV are often worthwhile pursuing, but those that have a negative NPV are not.
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an entity's internal control requires that for every check request there be an approved voucher, supported by a prenumbered purchase order and a prenumbered receiving report. to determine whether checks are being issued for unauthorized expenditures, an auditor most likely would select items for testing from the population of all:
To determine whether checks are being issued for unauthorized expenditures, the auditor would select items from the population of all approved vouchers, supported by prenumbered purchase orders and prenumbered receiving reports.
The purpose of the audit is to evaluate the internal control's effectiveness in preventing from unauthorized expenditures. The auditor is required firstly to understand the internal control system in place and determine what would be considered as an unauthorized expenditure.
Then, the auditor would select a sample of the approved vouchers, purchase orders, and receiving reports and review the documentation to ensure that all transactions are valid. The auditor would analyze the results of the testing to confirm that whether the internal control is operating effectively and any unauthorized expenditures are detected or not.
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how does paying a liability in cash affect the accounting equation? a.assets increase; liabilities decrease b.assets decrease; liabilities decrease c.liabilities decrease; stockholders' equity increases d.assets increase; liabilities increase
Paying a liability in cash affect decreases assets and decreases liabilities in accounting equation.
What is a liability?An obligation that a person or company owes, usually in the form of money, is known as a liability. In order to pay off liabilities over time, financial benefits like cash, goods, or services are provided. On the right side of the balance sheet, liabilities are listed and include debts like loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated charges. Liabilities are things for which you owe money or for which you have borrowed money, whereas assets are things you possess or for which you are owed money. Financial responsibility is a duty in the field of accounting, but it is more directly associated with prior business transactions, events, sales, the exchange of products or services, or anything else that could lead to future financial gain.
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when the economy is in a recession, what fiscal policy tool will be used to lessen the effects of the recession?
Expansionary fiscal policy is most appropriate when an economy is in recession and is producing below its potential GDP.
Expansionary fiscal policy is when the government increases money in the economy using financial instruments to increase spending or cut taxes - both of which have more money to invest in consumers and companies.
Expansionary fiscal policy is intended to promote growth to a healthy level of the economy, which should be done during the contractionary period. The government seeks to reduce unemployment, increase consumer demand, and stop the recession. When a bankruptcy has occurred, it is intended to end the business and prevent depression.
Two important examples include increasing government spending as well as tax cuts. These policies seek to increase aggregate demand while increasing deficits or drawing down deficits. They are employed during economic downturns or in the midst of concerns to support the recovery or head out of the economy.
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if 600,000 households are tuned to a show, 1,200,000 households are using their tv and there are 1,800,000 total us households, what is the advertising share of audience for the tv show?
The advertising share of audience for the tv show is 67%
Define advertising?
In marketing, advertising means a marketing tactic involving paying for space to promote a product, service, or cause.
Here we have if 600,000 households are tuned to a show, 1,200,000 households are using their tv and there are 1,800,000 total us households.
Now, we need to find the advertising share of audience for the tv show.
Here we know that the formula to calculate the advertising share of audience for the tv show is written as,
=> Share of audience = 1,200,000/1,800,000 x 100
=> Share of audience = 0.67 x 100
=> Share of audience = 67%.
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true or false: whereas certain white-hat techniques may provide a temporary improvement in rankings, they are unlikely to benefit a website long term.
True. Whereas certain white-hat techniques may provide a temporary improvement in rankings, they are unlikely to benefit a website long term.
What is the white-hat techniques?The best SEO strategies are known as "white hat" strategies since they adhere to search engines' terms of service while boosting a website's placement on search engine results pages (SERPs). Black hat SEO practices are evil; they may raise a site's SERP rankings, but they are unethical and go against search engine policies.
White hat link building is a strategy for increasing website traffic through search engine optimization (SEO) methods, such as meaningful linking to additional, pertinent Web content.
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suppliers can gain power from a number of sources in the buyer / supplier relationship. when a supplier values identification with a buyer, this is called a(n) source of power
The level of influence a provider of goods or services has over its customers is known as supplier power. The capacity of a supplier to raise prices, lower quality, or restrict the quantity of goods they will sell is known as supplier power.
Porter has explored a number of deciding elements for supplier power. Supplier bargaining power is high if there are few suppliers relative to numerous customers, or if suppliers are concentrated.
By rising costs, diminishing product quality, and reducing product availability, powerful suppliers can put pressure on purchasers. These are the expenses that the buyer must pay. A strong supplier might also increase industry competition and reduce the buyer's potential for profit.
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