An amount of $18,000 will be recorded as a current liability at the end of the current calendar year.
What is an advance payment?This means a payment type that is made ahead of its normal schedule such as paying for a good or service before you actually receive it.
An advance payment will be recorded as repayment under the current liability in balance sheet.
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The means by which the U.S. Bureau of Labor Statistics determines who is employed and unemployed is a ______.
If a person does not have a job, has actively sought employment during the previous four weeks, and is currently eligible for employment, they are considered to be unemployed. Any of the following activities can be considered actively seeking employment: Directly contacting: A potential employer or attending a job interview
To aid in public and commercial decision-making, the Bureau of Labor Statistics collects data on the labor market, working conditions, price changes, and productivity in the US economy.
According to BLS, a fully employed economy is one in which GDP is at its potential, the unemployment rate is equal to the nonaccelerating inflation rate of unemployment (NAIRU), and there are no periods of cyclical unemployment.
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_____ product development provides a young firm with a network of expertise that it couldn't afford to hire in-house.
The blank will be fill by Outsourcing.
Delegating a firm's business operations to outside parties or agencies is known as outsourcing. By doing so, the company can take advantage of benefits including enhanced quality, low-cost labor, and the development of new products and services.
Outsourcing product development provides a young firm with a network of expertise that it couldn't afford to hire in-house.
India is the most sought-after location for IT and software development outsourcing since it offers companies high-quality products on time and at significantly lower prices than those in industrialized nations.
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At McDonald's, you can get several items together as a meal, for less than purchasing those items separately. This is an example of Blank______.
Value- Pricing
Value pricing is the strategies whose prices are fixed primarily according to the customers needs.Affordable price attracts more and more customers to come or buy.Prices mainly are fixed according to their customers feedback and their needs.It is also known as customers willingness to pay for the particular product.Two main types of value pricing are:Value added pricingGood value pricingDisadvantagesLimited customersHigh charges- Affect your profitAdvantagesMore loyal customersMore need of your serviceslearn more about this here-
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If all workers are hired at the same price, the marginal cost of producing each extra unit of output falls provided the ______ of each additional worker is rising.
When workers are hired at the same price, the MC of producing extra unit of output falls provided the marginal product of each additional worker is rising.
What is a marginal product?For an input, it refers to the extra output that results from addition of one unit of the input to the existing combination of the productive factors.
Hence, whenever the workers are hired at the same price, the MC of producing extra unit of output falls provided the marginal product of each additional worker is rising.
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What is the term for the point where your business earns more money than it spends, and begins to become profitable?.
A growth stage is the point where business earns more money than it spends and begins to become profitable.
What is a growth stage?In a business cycle, the growth stage means the stage where sales, revenues and profits begin to grow as the product becomes more popular in the market.
Hence, it is the point where business earns more money than it spends and begins to become profitable.
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A firm reaches the breakeven point when it earns more money that it spends and begins to be profitable.
What is breakeven point?
This is the point at which the revenue of the company is the same as its costs, hence, makes a zero profit.
Thereafter, the company's would begin earn more revenue than the costs it incurs, thereby making profits.
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Jasper makes a $44,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and interest at maturity should be
Jasper's entry to record the collection of the note and interest at maturity should be:
Debit Cash Account 44,990
Credit Interest Income $990
Credit Notes Receivable $43,000
The amount collected is:
Cash collected
= $44,000 Amount lend + Interest Income
And
Interest Income
= Amount lend * Interest Percent * For the days / 360
= $44,000 * 9% * 90 / 360
= $990
Now putting the interest income value in the above equation, we have:
Cash collected
= $44,000 Amount lend + $990
= $44,990
So the cash is increase by $44,990 interest income increased is by $990 and the Note receivable is at amount issued which has been decreased by $44,000.
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In the United States, because worker membership in labor unions has been ________ union impact has been decreasing in the labor market.
In the United States, because worker membership in labor unions has been declining union impact has been decreasing in the labor market.
Unions reduce salary inequality because they increase wages greater for low- and center-salary people than for better-wage people, extra for blue-collar than for white-collar employees, and extra for workers who do now not have a university diploma. Strong unions set a pay fashionable that employment growth follows.
We discover that unions adversely have an effect on unemployment rates and the boom fees of gross state product (GSP), productivity, and the populace at the same time as increasing the rate of salary inflation.
The impact of the employment growth charge is bad however not tremendous.
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Some costs do not vary with the quantity of output produced. Those costs are called.
Some costs do not vary with the quantity of output produced. Those costs are called fixed costs.
Constant costs tend to be expenses that are based on time in place of the amount produced or sold through your business. Examples of constant costs are rent and hire expenses, salaries, utility bills, coverage, and mortgage repayments. some varieties of taxes, like enterprise licenses, are also constant expenses.
Fixed prices are charges that don't trade when sales or manufacturing volumes boom or decrease. That is due to the fact they may be now not directly related to manufacturing a product or turning in a service. As a result, fixed prices are taken into consideration to be oblique costs.
Variable expenses trade primarily based on the amount of output produced. Variable costs can also include hard work, commissions, and raw materials. fixed costs remain the same regardless of manufacturing output. fixed costs might also consist of hire and condominium bills, coverage, and interest bills.
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A central bank that wants to increase the quantity of money in the economy will: raise the discount rate. sell bonds in open market operations. reverse quantitative easing. buy bonds in open market operations.
The answer is to sell bonds in open market operations.
Open market operations (OMO) means to the practice of buying and selling U.S. Treasury securities by the Federal Reserve (the Fed), along with other securities, on the open market in order to regulate the supply of money that is on reserve in the U.S. banks.
in other words, Open market operations are nothing but the trading of securities by the Fed to regulate the supply of money in the economy.
If the Fed's goal is expansionary, it buys Treasuries in order to pour cash into the banks. This means that the banks sell their bonds.
Which puts pressure on the banks to lend that money out to consumers and businesses.
Interest rates drift downwards as the banks compete for customers. Consumers are able to borrow more in order to buy more. Businesses are eager to borrow more to expand their businesses.
Hence, if the central bank wants to increase the quantity of money in the economy, it will sell bonds in open market operations.
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Jaclyn recently started working at a major accounting firm. One of the first things her supervisor provided her with was a large white notebook that contained rules and regulations on just about every aspect of the firm's business. As a recent business graduate, Jaclyn realized that the accounting firm operated in a(n) __________ environment.
Jaclyn is working in a bureaucratic work environment. Any organization with numerous departments, each with the capacity to make policy decisions, is considered a bureaucracy.
What is a bureaucratic work environment?A bureaucracy is a business, whether it is publicly or privately owned, that consists of a number of departments or groups that make policy. Bureaucrats are the colloquial term for people who work in bureaucracies. Many countries' hierarchical administrative structures are likely the best-known example of a bureaucracy. A bureaucratic work environment is characterized by:
intricate, multi-level administrative structurespecialized departmental trainingstrict authority separationformal rules or operating standards that are universalYou can learn more about bureaucratic work environment using the following link:
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The collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making describes what?
Data analytics is the collection, transformation, and organization of data in order to draw conclusions, make predictions, and drive informed decision-making.
Analyzing data collections to identify trends and make judgments about the information they contain is known as data analytics (DA). Data analytics is increasingly carried out with the use of specialist hardware and software.
For instance, it facilitates audience segmentation by various demographic categories, analyses opinions, and trends in each category, and generates more precise, accurate, and useable snapshots of public opinion.
A significant amount of data is processed at various phases of business analytics, and there are five major types of analytics:
descriptive, diagnostic, predictive, prescriptive, cognitive.Organizations may better manage their data and find new opportunities by using data analytics. This results in wiser company decisions, more effective operations, greater profitability, and happier clients.
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In the context of agency law, outside accountants and subcontractors hired to perform construction projects are examples of ________. Group of answer choices traders independent contractors agents mediators principal employers
The answer is Independent Contractors.
According to the law, An independent contractor is a person who contracts with another to do something for him (or her) but who is not controlled by the other nor subject to the other's right to control with respect to his (or her) physical conduct in the performance of the undertaking. He (or she) may or may not be an agent.
Some examples of independent contractors include:
Subcontractors and building contractors both work independently. The way a contractor and subcontractors carry out their work is not under the authority of the property owner who engages them to finish a project. Independent contractors are those who own their own trucks and hire them out on a job-by-job basis; however, those who regularly drive business trucks are typically employees.Hence, In the context of agency law, outside accountants and subcontractors hired to perform construction projects are examples of Independent contractors.
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Suppose Congress enacts a new Medicare benefit and finances it by raising payroll taxes such that each year's additional outlay is matched by additional revenue. Would this be considered fiscally sustainable
If year's additional outlay is matched by additional revenue. No, it will not be considered fiscally sustainable.
What is Medicare?Medicare can be defined as a medical coverage that help to cover medical expenses of those under the plan.
Based on the details given, it will not be considered fiscally sustainable because it is still a pay as you go plan, which tend to shifts the burden to future generations.
Therefore it will not be considered fiscally sustainable.
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______ are material items or products that customers will buy to satisfy a want or need. Multiple choice question. Outputs Goods Service Inputs
Goods are material items or products that customers will buy to satisfy a want or need.
In economics, goods are those that fulfill human needs and offer usefulness, such as to a customer buying a pleasant product. It is usual practice to distinguish between transferable products and non-transferable services.In order to live our daily lives, we need goods. We cannot survive without them. However, corporations create them to help us more easily meet our needs and desires. They gain money by doing this.The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on the nature of your firm, this could also include raw materials, packaging, direct labor involved in making or selling the product, and items bought for resale.Thus this is the answer.
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Which paragraph of the purchase agreement states that the balance of the purchase price will be deposited into escrow prior to closing
Subparagraph E states that the balance of the purchase price (which must be filled in) will be deposited in escrow prior to closing.
What is a Purchase Agreement?This refers to the contractual document that contains the business terms for the purchase of an item.
Hence, we can see that from the complete information about the purchase agreement, the paragraph where the contractual terms were discussed about the purchase price and use of escrow is stated in Subparagraph E
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Evidence has suggested that borrowing is favored _____ than taxation by politicians to finance fiscal policy spending, which has led to a(n) _____ of the federal government over the last few decades.
Evidence has suggested that borrowing is favored less favored than taxation by politicians to finance fiscal policy spending, which has led to a(n) expansion of the federal government over the last few decades.
The process of raising funds or capital for finance, any kind of expense. Consumers, businesses, and governments often don't have the money to make money, pay their debt, or complete other transactions, and they don't have the money they need to run their businesses.
You have to borrow or sell stock to get it. Savers and investors, on the other hand, accumulate funds that, when used productively, can generate interest and dividends. These savings may take the form of savings deposits, savings loan portions, or pension and insurance qualifications.
Borrowing with interest or investing in stocks can be a source of funds for investment trusts. Finance is the process of directing these funds in the form of credits, loans, or investment capital to the economic agents who need or use them most. Can be productive.
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Assume that if there were no crowding out, an increase in government spending would increase GDP by $100 billion. On the other hand, if there had been full crowding out, then GDP would have
If there had been full crowding out, then GDP would have increased by less than $100 billion.
What is the meaning of crowding out?
Most often, borrowing is used by nations to cover their budget deficits. When governments borrow, they are in competition with everyone else in the economy for the limited quantity of savings that are available. This rivalry causes the real interest rate to rise and private investment to fall. The term "crowding out" refers to this process.
Affect on economic growthBecause of the "crowding out effect," which prevents private investment from growing as much as it would have otherwise, economic growth is slowed down. With a smaller capital stock, the economy will experience slower development in terms of output and labor's marginal productivity.
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A cap-and-trade policy is an efficient method of reducing pollution because a.only high-cost firms will be forced to reduce pollution. b.those who can reduce pollution relatively more cheaply will have an incentive to sell permits. c.those who can reduce pollution relatively more cheaply will have an incentive to buy permits. d.only low-cost firms will be forced to reduce pollution.
those who can reduce pollution relatively more cheaply will have an incentive to buy permits.
the government determines an acceptable level of pollution and then issues permits to pollute. A company receives credit for amounts it does not emit and can then sell this credit to other companies.
What is Cap and Trade policy ?Cap-and-trade is a system that limits aggregate emissions from a group of emitters by setting a “cap” on maximum emissions.
It is characterized as a market-based policy to reduce overall emissions of pollutants and encourage business investment in fossil fuel alternatives and energy efficiency.Today, cap and trade is used or being developed in all parts of the world. For example, European countries have operated a cap-and-trade program since 2005. Several Chinese cities and provinces have had carbon caps since 2013, and the government is working toward a national programLearn more about Cap and Trade policy here:
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Which tv character was a loading dock foreman at the pendergast tool and die company?
Archie Bunker is a fictional character from the 1970s television sitcom All in the Family, played by Carroll O’Connor. Archie is depicted as a blue-collar World War II veteran and outspoken bigot.
He works as a loading dock foreman at the Prendergast Tool and Die Company in New York City. According to “All in the Family’s” backstory, Archie Bunker dropped out of high school during the Depression to support his family.
Creator Normal Lear thought audiences would despise his character, but many Americans found him very relatable.
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Suppose the economy's aggregate demand (AD) curve initially intersects the aggregate supply (AS) curve on the latter's Intermediate range. In this case, a contractionary fiscal policy will
Suppose the economy's aggregate demand (AD) curve initially intersects the aggregate supply (AS) curve on the latter's Intermediate range. In this case, a contractionary fiscal policy will decrease output but not prices.
A macroeconomic model known as AD-AS, or aggregate demand-aggregate supply, explains price level and production through the interaction between aggregate demand and aggregate supply. The theory put forth by John Maynard Keynes in his book The General Theory of Employment, Interest, and Money serves as the foundation for this statement.
According to Keynes, the equilibrium can only exist when aggregate supply and demand are equal since at that point, there is no propensity for income or output to fluctuate.
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Sam, a buyer for a small warehouse company, is looking to purchase a forklift from caterpillar or komatsu. He is looking for a reliable, narrow forklift to fit between the warehouses’ smaller aisles and that is a lower price. Sam doesn’t need added-on services; he is well-versed in using and maintaining large equipment. He evaluates the forklift types and decides on a komatsu. Sam chooses the komatsu for its perceived reliability and it is $1500 less than the caterpillar forklift. Which approach that komatsu took was a success for sam as a customer?.
Penetration pricing is a marketing strategy used by businesses to attract customers to a new product or service by offering a lower price during its initial offering. The lower price helps a new product or service penetrate the market and attract customers away from competitors.
A company copies the competitor's pricing strategy by setting prices almost completely according to its competitor's prices or by using price as one of the features that differentiate the product.
1. Competition-Based Pricing Strategy. Competition-based pricing is also known as competitive pricing or competitor-based pricing. This pricing strategy focuses on the existing market rate (or going rate) for a company's product or service; it doesn't take into account the cost of its product or consumer demand.
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The basic economic cost of unemployment is forgone ______. Multiple choice question. inputs output supply labor
Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
Forgone labour outputForgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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The Answer is:
output
On January 1, year 1, Roark Corp. purchased equipment for $120,000. The equipment has a residual value of $20,000, and has a life of 1,000,000 hours. Roark uses the activity-based method of depreciation. In year 1, Roark used the machine 30,000 hours, and in year 2, Roark used the machine 50,000 hours. What is the depreciation expense for year 2
The amount of depreciation expense in year 2 is $5,000.
First, we need to calculate the depreciation rate per unit; the calculation will be as below.
Depreciation per Unit = ( Cost- Salvage Value) / Total Estimated Production Unit
Depreciation per Unit = ($120,000 – $20,000) / 1,000,000 Hours
Rate per Unit = $ 0.1 per Hour
Depreciation Expense = Depreciation Rate per Unit × unit Produced in a Particular Year.
Depreciation Expense = 30,000 Hours × 0.1 per Hour
Depreciation Expense (Total Depreciation) For 1 Year = $ 3,000
Value of Asset after Depreciation = ($ 1,000,000-$3,000) = $ 1,97,000
In 2nd year the said equipment used 50,000 hours then the depreciation amount will be –
Depreciation Expense for year 2 = 50,000 hours × 0.1 per Hour
= $ 5000
Value of Asset after Depreciation = ($1,97,000-$5,000) = $1,92,000.
What is Unit of Production ?The unit of production method depreciation begins when an asset begins to produce units. It ends when the cost of the unit is fully recovered or the unit has produced all units within its estimated production capacity, whichever comes first.
Whereas, according to the formula:
Cost: It includes purchased price, installation, delivery charge, incidental expenses
Salvage Value: It is the value that will receive at the end of the life of an asset.
Estimated Unit of Production: It estimates the unit produced by the asset over its useful life.
Thus, The Roark Corp. should report a depreciation expense of $5,000 in Year 2.
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Question Content AreaJohn has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November. The overhead for the year was estimated to be $1,120,000. How many direct labor hours were estimated for the year? a.500,000 b.140,000 c.225,200 d.150,000
The labor hours were estimated for the year were 140,000.
Step 1applied overhead =$80,000
hours = 10,000
⇒ rate =80,000/10,000
⇒8
Step 2labor hours were estimated= $1,120,000/8
⇒140,000
The labor hours were estimated for the year were 140,000
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Vehicle manufacturers and mechanics suggest that an oil change is done at least ... A. every two months or 2,000 miles. B. every three months or 3,000 miles. C. every six months of 6,000 miles. Vehicle manufacturers and mechanics suggest that an oil change is done at least ... A. every two months or 2,000 miles . B. every three months or 3,000 miles . C. every six months of 6,000 miles .
Vehicle manufacturers and mechanics suggest that an oil change is done at least B. B. every three months or 3,000 miles.
What is Car Maintenance?This refers to the care that is given to a car or vehicle that contains an engine so it can continue to perform optimally.
Hence, we can see that based on the recommendations of mechanics and vehicle manufacturers, they believe that an oil change is necessary every 3 months or 3k miles.
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When quantity supplied exceeds quantity demanded, _____ exists. equilibrium a surplus a shortage fixed supply
When quantity supplied exceeds quantity demanded, a shortage exists.
What happens when quantity supplied exceeds quantity demanded?If more people want a good or service than can be supplied at the going rate, there is a shortage, which pushes prices up.With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply.The only price at which the quantity provided and the amount demanded are equal is at the equilibrium. Quantity supplied exceeds quantity sought at a price above equilibrium, such as 1.8 dollars, leading to an excess supply.When the quantity given and demanded are equal, an equilibrium is reached. The amount demanded will exceed the quantity provided if the price is below the equilibrium level. A shortage or an excess of demand will exist.To learn more about Quantity supplies and demands refer to:
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Allison has used a bulleted list, ample amounts of white space, and headings in an e-mail message to her supervisor. In doing so, she is trying to ________.
In an email to her supervisor, Allison utilized headings, a bulleted list, and lots of white space. She is trying to save her manager's time by doing this.
How do you address an email to a manager?Determine why you are sending the email.Include a pertinent subject line.Include a salutation.Give a justification for the email.Describe the situation.Make a list of the tasks your boss needs to perform.Include a closing and a signature.How should you format an example email to a new supervisor?I'm the new [job title] here, and my name is [Your Name]. I wanted to get in touch with you and give you a quick introduction because I know we'll be working together on a number of different projects. The prospect of working with you all excites me greatly, and I eagerly anticipate getting to know each of you better at our forthcoming meeting on [date].
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In 2015, California voters backed a $2-a-pack increase in the cigarette tax with the revenue being used to fund health care for the poor. Which principle of fairness would California use to justify this tax hike
the principle that is used to justify this tax hike is the principle of benefits.
principle of benefits-
Most of the people who smoke in US are impoverished, hence, in keeping with principle of benefits whoever gets hold of greater advantages, pays for the ones in need. the tax revenue pays for the health care of the needy and maximum people who smoke are poor.The benefit precept is commonly referred to as a conventional reasoning for the responsibility of taxes. It states that the taxpayer ought to make contributions to the authorities in proportion to the advantages received from the government establishments and programs. The benefit principle applies the common sense that authorities spending ought to be compensated through the those who get hold of them. The US tax scheme does not observe this principle. The US tax device is a progressive or ability to pay precept.Learn more about taxation here: https://brainly.com/question/8394262
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__ league, lower-division teams are potential competitors of teams in higher divisions because teams regularly switch leagues through promotion and relegation. Teams in a __
Teams in an open league, and lower-division teams are potential competitors of teams in higher divisions because teams regularly switch leagues through promotion and relegation.
Capability competition is those competitors who do the equal component that you and goal the same sorts of customers, however, are not promoting to your marketplace region and are not probable to achieve this. They may be your competition in the event that they are determined to go into, however, both don't have the infrastructure or have chosen to ignore your region.
To discover who your competitors are, ask your clients wherein they came from or in the event that they've used other groups within the beyond. you could additionally ask them why they switched to your commercial enterprise. that is a common query in many industries.
Businesses need to recognize who their opposition is, and what they are doing or have already attempted to do, so they can find out developments and strategies that they could use to their advantage. Often, a real gain from competitor analysis is mastering what your competition is doing earlier than attempting something new yourself.
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You see the message "secret formula" on an online advertisement for a weight-reduction product. How should you interpret such a message?
Avoid the product only con artists can use such language.
Online advertisement
Other names of online advertisements are Online marketing, internet advertising, digital advertising, web advertising.Online advertising is the most effective way of expand any business, find new new customers, new job opportunities & attract people from worldwide.Advantages:
Easy to updateQuick deliveryTrackingEasy to select target marketAffordable Cost Improved customer interactionOnline advertising methods
Social Media AdsOnline BannersSearch Engine Pay Per Click (PPC)Learn more about this here-
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