Is the Organization of Petroleum Exporting Countries a cartel?
The Organization of the Petroleum Exporting Countries (OPEC) is frequently cited as an example of a cartel in the oil and gas sector. The member nations of OPEC do have market impact, albeit it is debatable whether the economic evidence proves it to be a true cartel.What is the main purpose of the OPEC?
The goal of OPEC is to coordinate and harmonize petroleum policies among its member states in order to ensure fair and stable prices for oil producers,
a reliable, cost-effective supply of petroleum to developing countries, and a fair return on investment for those who invest in the sector.
Learn more about OPEC brainly.com/question/1620143
#SPJ4
Price controls or ______ mandated in the apartment rental market benefit the consumer by establishing a price ______ the free market equilibrium price.
Price controls or ceilings mandated in the apartment rental market benefit the consumer by establishing a price below the free market equilibrium price. This is further explained below.
What is Price control?Generally, Government-mandated minimum or maximum prices are established for particular commodities and services under price regulations.
In conclusion, The customer benefits from price limits or ceilings mandated in the apartment rental market because they set a price below the equilibrium price of the free market.
Read more about Price control
https://brainly.com/question/13634905?
#SPJ1
f the steps are small, a step-variable cost may be approximated using a ______ cost function without significant loss in accuracy.
If the steps are small, a step-variable cost may be approximated using a Variable cost function without significant loss in accuracy.
Variable cost functionAn expense for the company that varies according to how much is produced or sold is called a variable cost. Depending on a company's production or sales volume, variable costs grow or fall. They climb as production rises and reduce as production declines.It is a production cost whose level fluctuates in response to shifts in a business's manufacturing activities. For instance, the raw materials required to make a product's components are regarded as variable costs because they frequently change depending on the volume of units produced.The total variable cost curve depicts the relationship between total variable cost and the volume of output produced graphically.To learn more about the Variable cost function refer to:
https://brainly.com/question/27996021
#SPJ4
If your organization contracts out all of its functions except for the company name and coordinating the contractors it is a .
If your organization hires all of its functions except the company name and coordination of contractors, it is a virtual organization.
What is a virtual organization?It corresponds to an organizational structure that works in the form of alliances that come together for a specific purpose, usually to start a project faster and with shared responsibilities, such alliances being dissolved at the end of the joint project.
Therefore, in a virtual organization, there are separate business units according to the business objectives and goals.
Find out more about organizational structure here:
https://brainly.com/question/1288780
#SPJ1
Method is a company producing products that limit the amount of negative impact on the environment. Its product line includes dishwashing liquid, cleaners, hand soap, and laundry detergent, to name a few. Method is exploring offering a line of environmentally friendly clothing, mostly T-shirts, shorts, and long pants for both men and women. Its research indicates that they should use psychographic segmentation in their marketing strategy. Which group of segmentation variables will Method likely be using
Psychographic segmentation variables will method most likely be using.
What are segmentation variables?Market segmentation often entails establishing groups of people that have similar characteristics. Segmentation variables are the features of persons that are used to determine whether or not they are comparable. For example, if a market is segmented based on people's ages, then age is the segmentation variable.Types of segmentation variables:Demographic segmentation.Psychographic segmentation.Behavioral segmentation.Geographic segmentation.What is Psychographic segmentation?Psychographic segmentation divides your client base into groups based on factors that influence purchasing behavior, such as beliefs, values, lifestyle, social status, opinions, and activities.What is Demographic segmentation?Demographic segmentation classifies consumers and potential customers based on characteristics such as age, gender, income, occupation, and family status.Therefore, Psychographic segmentation variables will method most likely be using.
Know more about market segmentation here:
https://brainly.com/question/15357678
#SPJ4
4. _________________ refers to prices rising because there is too much money in circulation and not enough goods and services to spend it on.
Inflation refers to prices rising because there is too much money in circulation and not enough goods and services to spend on.
Inflation is the charge of the boom in prices over a given time frame. Inflation is generally an extensive degree, which includes the overall boom in expenses or the growth in the value of a dwelling in a rustic.
Inflation is a degree of the rate of growing prices of products and services in a financial system. Inflation can occur while charges rise because of increases in manufacturing expenses, along with uncooked materials and wages. A surge in demand for products and services can purpose inflation as consumers are willing to pay extra for the product.
In an inflationary environment, inconsistently rising prices inevitably reduce the buying electricity of a few purchasers, and this erosion of real income is the unmarried biggest price of inflation. Inflation can also distort buying electricity through the years for recipients and payers of constant hobby charges.
Learn more about Inflation here: https://brainly.com/question/8149429
#SPJ4
Firms that hire (or encourage) well-known names to promote brand messages to their networks of followers are using
Firms that hire (or encourage) well-known names to promote brand messages to their networks of followers are using Influencer marketing.
What is Influencer marketing?
Influencer marketing is a type of social media promotion that uses product placement and endorsements from figures with a reputedly high level of expertise in their respective fields.
To reach their target market, several brands use influencer marketing. Influencer marketing is used by well-known companies to promote their products for years by utilizing influencer marketing. Through social media, they aim their influencer marketing toward a younger demographic.
An influencer uses their platform to promote a brand's product in exchange for a commission based on sales. The fact that the influencer only receives payment for actual sales creates a slight bias in favor of the brands.
To know more about marketing refer to: https://brainly.com/question/13414268
#SPJ4
Which category of inventory holding costs has a much higher percentage than average for rapid-change industries such as tablets and smart phones
The category of inventory holding costs that has a much higher percentage than average for rapid-change industries such as tablets and smart phones is E) pilferage, scrap, and obsolescence
What is Inventory?This refers to the record-keeping of goods in a warehouse to show the number of goods available.
Hence, we can see that based on the category where tablets and smartphones would be listed that would have a much higher percentage than average for rapid-change industries is pilferage, scrap, and obsolescence.
Read more about inventory holding cost here:
https://brainly.com/question/14802813
#SPJ1
When markets and prices are used to allocate, or ration, goods, services, and resources; the allocation is determined primarily by:
The willingness and ability to pay the market price; allocation is done not only by the ability but also the willingness to buy the product i.e. has a demand for the product .
More about demand:
The quantity of a good or service that consumers are willing and able to purchase at a specific price within a specific time frame is simply referred to as demand. In order to fulfill their needs for things like food, healthcare, clothing, entertainment, shelter, etc., people demand commodities and services from an economy.
The demand for a good or service depends on two factors: (A) its utility to satisfy a want or need, and (B) the consumer’s ability to pay for the good or service. In effect, real demand is when the readiness to satisfy a want is backed up by the individual’s ability and willingness to pay.
Learn more about demand here:
https://brainly.com/question/14434713
#SPJ4
In a tavern, an intoxicated woman threatened to slash a man with a broken beer bottle. Another customer, who had not been threatened by the woman, forcefully grabbed the woman and locked her in the tavern's storeroom until the police would arrive. In the process, although the customer used reasonable force, the customer badly sprained the woman's wrist. Is the woman likely to recover in an action against the customer
No, because the customer's conduct was privileged as a defense of others.
What is the customer's conduct?The Customer Service code of conduct serves as a manual for key principles and acceptable conduct for customer service personnel.
The ethical standards that direct choices and behavior at a business or organization are outlined in the code of ethics and professional conduct. They provide both broad guidelines for acceptable behavior on the part of employees and detailed instructions for dealing with problems like harassment, safety, and conflict of interest.
Learn more about the customer's conduct with the help of the given link:
brainly.com/question/14593567?referrer=searchResults
#SPJ4
You purchased 100 shares of ABC common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance margin is 30%. Below what stock price level would you get a margin call
A margin call would be issued if the stock price fell below $42.86.
Given initial margin 50% and maintenance margin 30%.
To find the stock price level to get a margin call.
When the value of assets in a brokerage account falls below a specific amount, known as the maintenance margin, the account holder is required to deposit extra cash or securities to fulfil the margin obligations. A margin call is a demand from a brokerage firm to boost the account's equity.
The formula to compute the margin call price is given below:
Margin call =1-Initial margin/ 1-Maintenance margin * purchase price
=1-.50/1-.30*60
=.50/.70*60
=42.86
Therefore, the answer is $42.86.
To know more about margin call click here:
https://brainly.com/question/14640214
#SPJ4
Suppose the real exchange rate of 105 Japanese yen to the dollar moves to 115 yen to the dollar. The dollar has _________________, making Japanese goods __________ expensive for Americans.
Suppose the real exchange rate of 105 Japanese yen to the dollar moves to 115 yen to the dollar. The dollar has appreciated, making Japanese goods less expensive for Americans.
The nominal exchange rate (the price in dollars of one euro, for example) and the ratio of prices in the two nations are the ingredients that make up the real exchange rate (RER) between two currencies.
The cost of imported goods is significantly influenced by exchange rates. You will typically spend much more for international goods when your own currency is weaker. As a corollary, a stronger home currency may somewhat lower the cost of imports.
Learn more about real exchange rate here
https://brainly.com/question/14057806
#SPJ4
Shortcutz hair salon offers inexpensive haircuts for $10. They create a marketing campaign extolling the cheap price while showing customers how expensive other salons are in comparison. The campaign encourages consumers shop around and compare prices. Shortcutz focuses solely on price and mentions little about the quality of its haircuts. Which type of psychological pricing communication does shortcutz use?.
The type of psychological pricing communication does shortcuts used is inviting price comparisons.
The idea behind psychological pricing is that customers will read the slightly lowered price and treat it lower than the price actually is. An example of psychological pricing is an item that is priced at $3.99 but conveyed by the consumer as 3 dollars and not 4 dollars, treating $3.99 as a lower price than $4.00.
A low price allows companies to gain market share by attracting new customers who spread the word about the offering and enticing customers away from competitors. The goal is to rapidly penetrate the market — then eventually raise prices without losing those early adopters.
In 2020, dynamic pricing made headlines when the prices of everyday goods such as toilet paper and hand sanitizer changed dramatically. More common examples are happy hours at your local bar, airline pricing on travel websites, and rideshare surge pricing.
Learn more about inviting price comparisons here https://brainly.com/question/22714272
#SPJ4
Information ________ exists when one party in a transaction has more information that is important for the transaction than the other party. discrimination competition transparency asymmetry complexity
Answer:
The answer is Information asymmetry.
Hope this helps. Pls like and follow.
Product Blank______ refers to the entire product category or industry, often illustrated in a product life cycle curve.
Product Class refers to the entire product category or industry, often illustrated in a product life cycle curve.
What is Product Class?A group of products that are similar to one another or are frequently used as substitutes for one another is known as a product class. Depending on how easily substitutable the various products are, the class is either deemed narrow or broad. Ham and sausage could be examples of a specific product class of breakfast meats. The vast majority of products go beyond merely meeting needs, which is a reality widely acknowledged in the marketing community. In order to go beyond simply meeting customer wants, businesses attempt to incorporate a number of inputs into the "basic need satisfying product."The finished product that is made available to consumers goes well beyond the bare necessities by including cutting-edge features, functions, handy and appealing packaging, and other glitzy extras.Hence, the term "Product Class" designates the entire industry or product category, which is frequently depicted in a product life cycle curve.
To learn more about the Product class refer to:
https://brainly.com/question/14999891
#SPJ4
Why might the process of planning be as important as the plan itself? It involves everyone in the organization. It is necessary to share all plans with shareholders annually. Decision makers face more challenges managing a domestic marketing program than a global one. The process of planning is a standard course business schools. It forces decision makers to examine all factors that affect the success of a marketing program.
It forces decision-makers to examine all factors that affect the success of a marketing program.
Who are thought of as decision-makers?
People who have the authority to make strategic choices inside a firm, such as investment, expansion, or acquisitions, are known as decision-makers.
The tactic, organizational, policy, operating, personal, programmed, and non-programmed decisions are only a few examples of the various decision-making processes. The most crucial sorts of decision-making in B2B sales are financial and purchasing choices regarding what to buy, at what cost, and from whom. The company's head buyers are frequently those who make such decisions.
Learn more about decision-makers with the help of the given link:
brainly.com/question/14927511?referrer=searchResults
#SPJ4
Viola met her manager to discuss an issue she was facing in the office. During the meeting, her manager's phone was constantly ringing. This made it difficult for Viola to explain her problem clearly. Her manager, distracted by the ringing phone, did not grasp the significance of the problem and sent Viola back with half-hearted promises to take appropriate action. In this scenario, the ringing telephone represents
Noise
The ringing telephone represents noise.
In the scenario described above, the manager's phone rang often, distracting him from understanding Viola's complaint and making it difficult for Viola to fully express her issue.
Why is noise an important workplace hazard?One of the most prevalent occupational health risks is noise. In settings like fields, cafeterias, or pubs, as well as environments like heavy industry and manufacturing. The biggest health concern is permanent hearing loss. The major issues in noisy workplaces, classrooms, and computer rooms are annoyance, tension, and interference with verbal communication.
Noise levels should be brought down to tolerable levels in order to avoid the negative effects of noise exposure. Engineering changes to the noise source or the working environment are the most effective way to reduce noise. Personal hearing protection (such ear muffs or plugs) can be utilized when technology is unable to sufficiently handle the issue.
Learn more about noise here:
https://brainly.com/question/21849543
#SPJ4
One measure of the inflation rate is the a. percentage change in the CPI of adjacent years. b. sum of the CPIs of adjacent years. c. GDP minus the Real GDP in a year. d. percentage change in the Real GDP of adjacent years.
Answer:
all I know is that im broke
Explanation:
bc
Nellie works as an attorney for a large consulting firm. Nellie's job is to act as an advisor to the firm's consultants, to be sure they do not confront any legal issues when they are working at the various clients' job sites. Nellie's position would be classified as a __________ position.
Nellie's position would be classified as a staff position since he working as an attorney for the same consulting firm.
Who is an attorney?An attorney is a person or a member of the legal profession. They are licensed and qualified to represent a client in court.
Here, Nellie is providing legal support to his firm's consultant hence his position would be considered as staff.
Learn more about attorney here : https://brainly.com/question/14745452
#SPJ1
The open innovation technique that involves generating insights based on ideas from massive numbers of people is called Blank______.
According to the research, crowdsourcing is the open technique that involves generating insights based on ideas from massive numbers of people.
What is crowdsourcing?It refers to a massive collaboration provided by individuals who are not part of an entity or institution.
It is an open modality of joint work of an indefinite number of people, who contribute their ideas for the development of a certain project.
Therefore, we can conclude that according to the research, crowdsourcing is the open technique that involves generating insights based on ideas from massive numbers of people.
Learn more about crowdsourcing here: https://brainly.com/question/14490967
#SPJ1
A company has developed the prototype of a mobile phone that it plans to launch in the next few months. The phone comes equipped with the most advanced technological features. As part of its test marketing efforts, the company allows customers to examine and use the prototype and also gathers feedback regarding product features and price. The results of this test marketing effort show that customers are willing to pay at least $500, considering the phone's various features. As such, the company has discovered customers' ________.
The company has discovered customers' lower bound price.
What is customers' lower bound price?Prices that, for each WSS/distribution system, recover the prudent and effective expenses of running, maintaining, administering, and renewing each scheme are referred to as "lower bound" prices. These expenses don't include some expenses, like the return on and depreciation of assets made before July 1, 2000.How do you find lower bound?
To determine a rounded number's upper and lower bounds:
Determine the place value of the claimed level of accuracy.By two, multiply this place value.Find the upper bound by adding this amount to the provided value, and the lower bound by deducting this amount from the given value.What is the difference between upper bound and least upper bound?An upper bound is an element that, although it need not be a part of the set, is at least as large as any element in the set. The smallest of all upper bounds is what is meant by a least upper bound. So, think about the logical numbers that are less than 1. The set has no upper bound.Learn more about lower bound price
brainly.com/question/15508400
#SPJ4
When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is
When a 1 percent decrease in price produces more than a 1 percent increase in quantity sold, the product or service is an Elastic Demand.
What is an Elastic Demand?Elastic demand is measured by its percent of change in demand divided by its percent of change in price, provided all other factors remain the same.If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic. An item has elastic demand if its demand changes more than its price changes.For example, if two stores sell identical products of the same amount for different prices, incase of a perfectly elastic demand nobody would buy from the seller with higher priced product.
Learn more about Elastic Demand here:
https://brainly.com/question/14897348
#SPJ4
When a 1 per cent decrease in price produces more than a 1 per cent increase in quantity sold, the product or service is an Elastic Demand.
What is an Elastic Demand?Elastic demand is measured by its per cent of change in demand divided by its per cent of change in price, provided all other factors remain the same.If the change in price and change in demand is proportionate, the item is neither elastic nor inelastic.An item has elastic demand if its demand changes more than its price changes.For example, if two stores sell identical products of the same amount for different prices, in case of a perfectly elastic demand nobody would buy from the seller with a higher-priced product.
Learn more about Elastic Demand here:
brainly.com/question/14897348
#SPJ4
1market review in nepal with that market picture
For project work of class 8th O.B.T.E subject
Research has shown that the scenarios of things in the Nepalese market. The market under review here is called the Kalimati fruit and vegetable market and it is located at Kathmandu, Nepal.
What is the Kalimati fruit and vegetable market about?Kalimati fruit and vegetable market is known to be the largest wholesale market that is known to often sell agricultural products in the country of Nepal.
One can find this market in Kathmandu, Nepal. it is said to be maintained by the Kalimati Fruit and Vegetable Market Development.
This market was set up in 1987 and as at that time, it was known to be a wholesale center run by the Nepal government and it was said to be set up by United Nation Capital Development Fund.
The sellers here are known to sell lowest of five kilograms and it also has a retail market for small traders to sell their products.
Study has shown that it has 425 wholesaler, 65 retail and also about 27 fish shops that can be found the market.
Learn more about Nepal from
https://brainly.com/question/20380401
#SPJ1
The ________ is the face value of a bond, and the amount that is returned to the bondholder at maturity. Question 3 options: return price par value dead price market price None of these
The par value is the face value of a bond and the amount that is returned to the bondholder at maturity.
Per-value is the value of one common stock stated in the company's articles of incorporation. It usually has nothing to do with the actual value of the stock. In fact, it's often low. The share certificate issued for the purchased shares shows the par value.
The par value of a financial instrument is determined by the institution that issues it. The face value of stocks and bonds was printed on the surface of the stock when it was printed on paper. Market value, on the other hand, is the current price at which a financial instrument can be traded on the stock exchange.
Learn more about par value here:https://brainly.com/question/25765493
#SPJ4
A vital component of marketing is ______, which involves letting customers know the benefits of the product/service, where you can buy it, and describing the value proposition of the product/service.
The vital component of marketing is promotion.
Promotion in marketing refers to any sort of marketing communication that is used to enlighten target audiences about the relative qualities of a product, service, brand, or problem, and is usually persuasive in nature. It assists marketers in creating a distinct space in the minds of their customers, which can be either cognitive or emotional.
Marketing relies heavily on promotion. Marketing promotion is described as a method of communication between buyer and seller in which the buyer persuades his or her audience to purchase his or her items.
Advertising, sales promotion, public relations, and direct marketing are the four primary promotional strategies.
Hence, the blank will be filled by promotion.
To know more about promotion click here:
https://brainly.com/question/26312542
#SPJ4
HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
A company that was the leading supplier of home water filtration systems had a network of sales promoters who were under contract for two- or three-year terms and were compensated solely by commissions earned from sales and by occasional bonuses. Veteran promoters also earned commissions by recruiting other promoters for the company. One of the company's veteran promoters was contacted by a former top sales representative for another manufacturer who was looking for similar sales opportunities in the region. The sales rep knew that the promoter might be able to get her a position with his company, which was looking for additional promoters. At the time he met with the sales rep, the promoter's contract with the company had one more month to run. When the promoter's contract with the company expired, he announced that he was forming his own business to market a different line of water filtration systems manufactured by a competitor of the company, and that the sales rep would be in charge of his promotional network. The company brought an action against the promoter for interference with business relations for hiring the sales rep. At a preliminary hearing, the parties stipulated to the above facts and that the promoter was an independent contractor rather than an employee of the company. The promoter then filed a motion for a summary judgment in his favor. Should the court grant the promoter's motion
No, since the jury might conclude that the promoter's methods for obtaining the sales rep were not protected by a privilege.
Privilege protection: what is it?The secrecy of communications between two parties, who the law recognizes as being entitled to a private, protected connection, is safeguarded by privileged communication.
Are privileged and confidential the same thing?Confidentiality is the obligation to safeguard another person's disclosure preferences. A legal principle known as privilege forbids the revealing of private information without the consent of the subject.
What is a privilege claim?Privilege assertions must be made question by question or document by document. Generalizations are not preferred. Because the privilege must be objected to as soon as possible or the claim is waived, it is typically raised during discovery prior to trial.
learn more about privilege claim here https://brainly.com/question/14893981
#SPJ4
The term ____________________ is a key evaluation metric that represents and captures the percentage of consumers within the targeted segment who are exposed to the message during a pre-specified period of time.
The term reach is a key evaluation metric that represents and captures the percentage of consumers within the targeted segment who are exposed to the message during a pre-specified period of time.
Attain is an ecu law and is an acronym for the Registration, evaluation, Authorisation and restrict of chemical compounds. the overall targets of reach are to: provide a excessive degree of safety of human fitness and the surroundings from the usage of chemicals. allow free movement of materials on the EU market.
In widespread, attain requires the registration of chemical materials manufactured or imported into the EU in quantities exceeding 1 metric ton in step with yr. This requirement applies in line with substance and in keeping with manufacturer or importer (as suitable).
A reach certificate of Compliance is a document certifying that a product is compliant with the European reach regulation (EC) No 1907/2006. it may be a testing report or announcement issued via a 3rd-celebration checking out company.
Learn more about consumers here https://brainly.com/question/380037
#SPJ4
Beginning three months from now, you want to be able to withdraw $3,000 each quarter from your bank account to cover college expenses over the next four years. If the account pays .57 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next four years
$5259.29 is needed to have in the bank account in order to meet expense needs over the next 4 years.
What is financial management?Financial management is fundamentally the process of creating a business plan and ensuring that it is followed by all departments. A long-term vision may be created with the help of data that the CFO or VP of finance can supply. The data also helps with investment decisions and provides information on how to finance those investments as well as liquidity, profitability, cash runway, and other factors. These objectives can be accomplished by finance teams using ERP software: Accounting, fixed-asset management, revenue recognition, and payment processing are just a few of the financial tasks that are combined in a financial management system. A financial management system ensures real-time visibility into the company's financial situation while streamlining daily operations, such as period-end close procedures.Present Value of Annuity=
3000*((1-(1/(1+0.57)^16)/.57)= $5259.29
Know more about Financial Managment with the help of the given link:
https://brainly.com/question/6659707?referrer=searchResults
#SPJ4
True or false: Once the initial discounted cash flow analysis has been completed and a project has been budgeted and initiated, managers are no longer concerned about project cash flow forecasts.
The answer is false.
The discounted cash flow (DCF) method is used to calculate the value of an investment based on its future cash flows.
The DCF is calculated using a discount rate to determine the present value of projected future cash flows.
If the DCF is more than the present cost of the investment, the opportunity may provide positive returns.
The weighted average cost of capital (WACC) is commonly used as the discount rate by businesses since it takes into account the rate of return expected by shareholders.
Managers still get concerned by the projected cash flow forecast since they have to achieve them. Therefore, the statement is false.
To know more about discounted cash flow click here:
https://brainly.com/question/14313593
#SPJ4
When a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally, it is called:
Global Corporate Citizenship is when a company puts its commitment to social and environmental responsibility into practice worldwide, not only locally or regionally.
What is Global Corporate Citizenship?Global Corporate Citizenship are the concerted efforts companies make to contribute to the improvement and sustainability of their immediate environment and other environment.
Here, a company would put its effort to providing social and environmental duties.
Learn more about Global Corporate Citizenship here: https://brainly.com/question/14695520
#SPJ1