The process of converting tacit knowledge to explicit knowledge is known as externalization.
True or False?

Risk selection refers to the process of identifying and evaluating potential risks that may impact an individual or organization. It involves assessing the likelihood and severity of the risks and determining appropriate measures to eliminate or mitigate them.

One method that can be used to eliminate risk selection is risk avoidance. This involves avoiding activities or situations that pose a significant risk.

For instance, an organization may choose not to invest in a project that has high uncertainty and potential for losses.
Another method is risk reduction, which involves taking steps to minimize the likelihood or severity of risks. This can be achieved by implementing safety measures, such as installing fire alarms or backup systems, or by creating policies and procedures that reduce the likelihood of human error.

By using these methods, organizations can effectively manage risks and protect themselves from potential losses.

For more such questions on Risk selection, click on:

https://brainly.com/question/30362063

#SPJ11

The decision of whether to invest in a new drug or not depends on various factors. The decision depend on factors like the current market demand for the drug, competition from other pharmaceutical companies, regulatory approvals, and the cost of production.

Even if a pharmaceutical company estimates that investing $1 billion in the development of a new drug will result in an accounting profit of $500 million, it does not necessarily indicate that the company should develop this drug.

The decision would also depend on factors like the current market demand for the drug, competition from other pharmaceutical companies, regulatory approvals, and the cost of production.

Additionally, the company would need to consider the risks associated with the development of the drug. There is a high degree of uncertainty in the pharmaceutical industry as the success rate of bringing a drug to market is low. There is always a chance that the drug may not be successful, resulting in significant losses for the company.

Therefore, the decision to invest in a new drug should be made after a thorough analysis of various factors, including market demand, competition, regulatory approvals, production costs, and the risks associated with drug development.

For more question on accounting profit

https://brainly.com/question/29749466

#SPJ11

The main answer is that various balance of payments problems can be addressed through policies such as adjustments in the current account, capital account, currency policy, monetary and fiscal policy.

To address current account imbalances, countries can encourage exports and discourage imports through measures such as tariffs, subsidies, and quotas. Capital account imbalances can be addressed by attracting foreign investment or limiting capital outflows. Currency policy can be used to influence exchange rates and improve competitiveness in international trade. Monetary policy and fiscal policy can be used to address imbalances in the domestic economy and stabilize the overall economy.

The set of policy solutions that would be favored depends on the specific balance of payments problems faced by a country. The pros and cons of the decision would also depend on the specific policy measures implemented. For example, tariffs and subsidies can protect domestic industries and create jobs but can also lead to higher prices and lower quality goods. Monetary and fiscal policies can stimulate economic growth but can also lead to inflation and higher debt levels.

In general, a balanced approach that takes into account the specific circumstances of each country would be the most effective in addressing balance of payments problems. This could involve a combination of measures such as trade agreements, investment incentives, and macroeconomic policies to support economic growth while maintaining stability in the overall economy.

For more questions like  Economy, click the link below:

https://brainly.com/question/2421251

#SPJ11

The reason for the concentration of copper smelters, refineries, and foundries close to Arizona's copper mines is that copper production is a bulk-reducing industry. So, correct option is A.

A bulk-reducing industry is an industry in which the final product weighs less than its inputs. In the case of copper production, copper ore is mined from the ground in a raw, heavy form.

To produce the final product of refined copper, the ore must be processed, which involves removing impurities and reducing the weight of the material. This means that it is more cost-effective to process the ore as close to the mine as possible, as it reduces transportation costs and energy requirements.

Arizona has a rich supply of copper ore, making it an ideal location for copper mining. The proximity of copper smelters, refineries, and foundries to the mines means that the raw copper ore can be quickly and efficiently transported for processing, reducing the cost of production.

In addition to being a bulk-reducing industry, copper production is also dependent on dry climate conditions, as water is a key component in the refining process. The availability of low-cost migrant labor has also historically played a role in the concentration of copper production in Arizona.

Overall, the concentration of copper smelters, refineries, and foundries close to Arizona's copper mines is due to the bulk-reducing nature of copper production, which makes it more cost-effective to process the ore as close to the mine as possible.

So, correct option is A.

To learn more about concentration click on,

https://brainly.com/question/27408054

#SPJ4

The journal entry to record the issuance of Ward Corporation's 5000, 10-year, 8%, $1000 bonds dated January 1, 2021, at 103.

To record this issuance, the company would need to make the following journal entry:

Debit Cash:  The company received cash from the issuance of the bonds. To calculate the amount of cash received, we need to multiply the face value of each bond by the number of bonds issued (5000) and the issue price (103%).

$1,000 x 5000 x 103% = $5,150,000

Therefore, the company would debit Cash for $5,150,000.

Credit Bonds Payable: The company also needs to credit the Bonds Payable account for the face value of the bonds issued.

$1,000 x 5000 = $5,000,000

Therefore, the company would credit Bonds Payable for $5,000,000.

Credit Premium on Bonds Payable:  The difference between the amount of cash received and the face value of the bonds issued is the premium. In this case, the premium is $150,000.

Therefore, the company would credit Premium on Bonds Payable for $150,000.

Overall, the journal entry to record the issuance of Ward Corporation's bonds would be:

Debit Cash $5,150,000
Credit Bonds Payable $5,000,000
Credit Premium on Bonds Payable $150,000

To know more about Journal Entries visit:

https://brainly.com/question/20421012

#SPJ11

Tesla is a premium brand in the market, known for its innovative electric vehicles and cutting-edge technology. The company's pricing strategy is based on offering high-quality, luxury products at a premium price point. Tesla's Model S, Model X, and Model 3 are priced at a premium compared to other electric cars in the market, reflecting their advanced features and performance capabilities.

Tesla's value capture strategy is focused on providing a superior customer experience, emphasizing innovation, sustainability, and eco-friendliness. The company's brand value proposition includes its commitment to creating a sustainable future and reducing dependence on fossil fuels, which resonates strongly with environmentally conscious consumers.

In terms of pricing, Tesla uses a direct-to-consumer model, which allows the company to control the pricing and distribution of its products. This model also enables Tesla to maintain a higher profit margin than traditional car manufacturers who rely on dealerships to sell their products.

Overall, Tesla's pricing and value capture strategy is centered around providing a premium, sustainable product to a niche market of affluent, eco-conscious consumers. This approach has allowed Tesla to establish itself as a leading brand in the electric vehicle market and capture a significant share of this growing segment.

Learn more about  branding and marketing strategy: https://brainly.com/question/31233014

#SPJ11

A project manager can utilize the measurable organizational value by setting clear project goals and objectives that align with the overall strategic goals of the organization.

This includes creating a project plan that outlines the specific tasks, timelines, and budget requirements for each phase of the project. To guarantee that the project will be completed on time, within budget, and without sacrificing quality, the project manager can use project management tools and techniques such as risk management, resource management, and quality management. These tools help the project manager identify potential risks and issues that could impact the project timeline or budget, as well as ensure that the project is being executed efficiently and effectively.
Overall, utilizing the measurable organizational value requires a strong understanding of the project's objectives and the organization's goals, as well as effective project management skills and techniques to ensure that the project is completed successfully. Define clear, measurable objectives for the project. The project manager should identify the desired outcomes and establish quantifiable metrics tied to the organization's goals. This can include specific milestones, budget constraints, and quality standards.
To know more about strategic goals visit :

https://brainly.com/question/15301818

#SPJ11

It is likely that the higher unemployment benefits paid for longer periods of time in European nations would have an impact on their unemployment rates. This is because these benefits may discourage some individuals from seeking employment, as they may feel more financially secure relying on these benefits.

This could lead to higher rates of frictional unemployment, which occurs when individuals are between jobs and actively seeking employment. Furthermore, the size and duration of unemployment benefits may also impact the rate of structural unemployment, which occurs when there is a mismatch between the skills of job seekers and the available jobs.

This is because individuals may be less likely to seek retraining or education to acquire the skills needed for available jobs if they are receiving generous unemployment benefits for an extended period of time.
Overall, it is important to strike a balance between providing a safety net for those who are unemployed and incentivizing individuals to actively seek employment.
Read more about unemployment here:https://brainly.com/question/22775872
#SPJ11

"Two macroeconomic variables that decline when the economy goes into recession are GDP (Gross Domestic Product) and employment.


GDP (Gross Domestic Product) is the total value of goods and services produced within a country's borders in a given period. Employment refers to the number of people who are employed in the labor force, which includes those who are currently working and those who are actively seeking work. The unemployment rate is the percentage of the labor force that is unemployed and actively seeking work. These macroeconomic variables are closely monitored by policymakers, economists, and investors as they provide insights into the health and performance of an economy.As a result, businesses produce less, leading to a decrease in GDP, and they may also lay off workers to cut costs, leading to a decrease in employment.

Learn more about GDP here:

https://brainly.com/question/1383956

#SPJ11

Samuel is likely to adopt a leadership style that falls under the "Task-Oriented" quadrant of the figure.

Based on the information provided, it can be inferred that Samuel is likely to adopt a leadership style that falls under the "Task-Oriented" quadrant of the figure. This is because the company discourages non-work-related conversations in the office, indicating a focus on getting the job done efficiently and effectively, rather than building relationships or socializing with colleagues. This task-oriented leadership style prioritizes productivity and achieving goals, and may involve a more directive approach to managing employees.

Learn more about Task-Oriented here

brainly.com/question/14428831

#SPJ11

The current consensus on the optimum number of Stage Gates in project management is option 8-12.

Hence, the correct option is D

The range 8-12 range allows for a balance between ensuring that all necessary work is completed before moving to the next stage, while also keeping the project moving forward and not getting bogged down in excessive reviews and approvals.

The number of stage gates can vary depending on the complexity and size of the project, as well as the specific needs and goals of the organization. However, most experts recommend aiming for a range within 8-12 stage gates for effective project management.

To know more about consensus here

https://brainly.com/question/14882616

#SPJ4

If an investor put $50,000 down on a $200,000 property. Then the capitalization rate is 15%

Money put down on property = $50,000

Total value of property = $200,000

NOI = $30,000

Mortgage payments = $22,000

The capitalization rate, also known as the cap rate, is a metric used in the real estate industry to show the expected rate of return on an investment property.  Increased cap rates would indicate either an increase in the numerator or a decrease in the denominator.

Calculating the capitalization rate -

Capitalization Rate = Net Operating Income / Current Market Value.

Substituting the values -

= 30,000 / 2,00,000

= 15%

Read more about capitalization rate on:

https://brainly.com/question/29099684

#SPJ4

Boys State is a beneficial program that provides numerous advantages to participants. Some of the key benefits include:1. Leadership development: 2. Civic education 3. Networking opportunities

Boys State is an American civic education program for high school boys, sponsored by the American Legion. The program is designed to provide participants with a hands-on experience in the workings of government and politics. Boys State typically involves a week-long immersive program, in which participants are organized into mock cities, counties, and states, and are given the opportunity to engage in simulations of government processes, including legislative sessions, mock trials, and political campaigns. The program aims to cultivate leadership skills, civic engagement, and patriotism among its participants and has been attended by many notable political figures, including former Presidents Bill Clinton and George H.W. Bush.

Learn more about Boys State here:

https://brainly.com/question/11403715

#SPJ11

The Chief doesn't have the situation to change the Insurance Code; The Protection Code can only be made or changed by the state council.

The Commissioner does not have the authority to make or change insurance laws; this is the responsibility of the legislature. The Commissioner is in charge of establishing the plans and procedures for carrying out the laws.

The term "Insurance Code" refers to the fundamental protection law or regulation—which includes the guidelines of a comparable insurance agency's house—that governs the authorization of associations that participate in the protection or reinsurance business as well as the allocation of protection or reinsurance.

Your good intention uses protection canons to determine the amount you should pay your medical providers and draw conclusions about your previous blessing demands and claims.

To know more about Insurance Code,

brainly.com/question/25855858

#SPJ4

An interconnected and coordinated set of elements and processes that convert inputs into desired outputs is referred to as a system.

Systems can be found all around us, from the human body to the natural environment to man-made machines. Understanding how systems work is an essential part of many fields, including engineering, biology, economics, and more.

A system can be defined as a collection of interconnected parts or components that work together to achieve a specific goal or set of goals. These parts can be physical components, such as the various organs in the human body, or they can be abstract concepts, such as the various economic factors that influence a market.

One of the defining characteristics of a system is that it is capable of transforming inputs into outputs. Inputs are the resources or materials that are put into the system, and outputs are the end results or products that are produced by the system. For example, in a car engine, the fuel, air, and spark are inputs that are transformed into the output of motion.

Systems can be simple or complex, depending on the number and complexity of the parts and the processes involved. They can also be open or closed, depending on whether they interact with their environment or not. For example, a car engine is a closed system, while the human body is an open system that interacts with its environment.

Understanding systems is essential for solving problems and improving efficiency. By analyzing the various parts and processes that make up a system, we can identify ways to optimize performance, improve reliability, and reduce waste. This knowledge is invaluable in a wide range of fields, from manufacturing and transportation to healthcare and environmental management.

Click the below link, to learn more about interconnected and coordinated:

https://brainly.com/question/20619121

#SPJ11

The following is true concerning the measures of acquisition The net likes/subscribers/followers metric is more useful than the total number of followers.

The internal rate of return, return on investment, or weighted average cost of capital are frequently used to determine the effectiveness of mergers and acquisitions (weighted average cost of capital).

According to the relationship between the buyer and seller, there are four primary types of acquisitions: horizontal, vertical, conglomerate, and congeneric.

The share price of the company, accounting metrics like sales, profitability, return on assets, and return on investments, or managers' subjective evaluations of success are some of the often used measurements. Results vary depending on the metric utilized.

To Know more about acquisition

https://brainly.com/question/15855713

#SPJ1

When a firm experiences lower costs per unit as it increases production in the long run, this is an example of economies of scale. Economies of scale occur when a company can reduce its average costs per unit by producing more goods or services, taking advantage of increased efficiency in the production process. Option (d) is the correct answer.

As a firm increases its scale of production, it can often benefit from better resource allocation, improved bargaining power with suppliers, and enhanced division of labor. This leads to a reduction in average costs per unit, allowing the firm to be more competitive in the market.

In summary, the phenomenon you described in your question, where a firm experiences lower costs per unit as it increases production in the long run, is referred to as economies of scale. This concept helps explain why larger firms a competitive advantage over smaller ones may have, as they can leverage their size to achieve lower average costs and more efficient operations. Option (d) is the correct answer.

To learn more about, production

https://brainly.com/question/7924898

#SPJ11

Farmer Frank is guaranteed a certain revenue of $237,600 if the price of wheat is 354 cents, a certain revenue of $216,000 if the price of wheat is 364 cents, and a certain revenue of $279,360 if the price of wheat is 374 cents.

(a) Farmer Frank should take a long position in the futures contract to guarantee himself a certain sales price.

(b) To employ a strategy to guarantee himself a certain sales price, Farmer Frank should trade 72 contracts.

Calculation:

60,000 bushels of wheat / 5,000 bushels per contract = 12 contracts needed

12 contracts x 6 bushels per contract (360 cents futures price - 354 cents target price) = 72 contracts

(c)

Calculation:

Target price = 360 cents (futures price)

Number of contracts = 72

Revenue from wheat = 60,000 bushels x 360 cents/bushel = $216,000

If the price of wheat in September is 354 cents, then the revenue from futures position would be:

Revenue from futures position = 72 contracts x 6 cents/bushel x 5,000 bushels/contract = $21,600

Total revenue = $216,000 + $21,600 = $237,600

If the price of wheat in September is 364 cents, then the revenue from futures position would be:

Revenue from futures position = 0 (no profit or loss from the futures position)

Total revenue = $216,000 + $0 = $216,000

If the price of wheat in September is 374 cents, then the revenue from futures position would be:

Revenue from futures position = 72 contracts x (374 cents - 360 cents) x 5,000 bushels/contract = $63,360

Total revenue = $216,000 + $63,360 = $279,360

Learn more about revenue here:

https://brainly.com/question/8645356

#SPJ11

The correct option is B, The control process Managers should never revise performance standards to a lower level.

A manager is an individual who is responsible for planning, organizing, directing, and controlling the activities of a group of individuals in order to achieve a common goal. Managers are found in various types of organizations, including businesses, non-profit organizations, government agencies, and educational institutions. Managers are typically responsible for developing and implementing strategies that align with the organization's overall mission and objectives.

They are also responsible for establishing policies and procedures, setting goals and objectives, and allocating resources such as time, money, and personnel. Effective managers possess a variety of skills, including communication, leadership, problem-solving, decision-making, and interpersonal skills. They must be able to motivate and inspire their employees, delegate tasks, and hold individuals accountable for their performance.

To learn more about Managers visit here:

brainly.com/question/17312484

#SPJ4

44% of the total depletable resource should be consumed during the first period [tex](q1/11*100).[/tex]

To determine what percent of the total depletable resource should be consumed during the first period, we need to find the optimal quantity to allocate to each period based on the given demand function and marginal cost.

Let q1 be the quantity allocated to the first period, and q2 be the quantity allocated to the second period. Then, we have:

Total quantity: q1 + q2 = 11

Total revenue in period 1: R1 = p1*q1 = (11 - 0.2q1)*q

Total revenue in period 2: R2 = p2*q2 = (11 - 0.2q2)*q2

Total discounted revenue: D = R1 + (1/(1+0.03))*R2

Marginalcost: MC = $2

To find the optimal allocation of the depletable resource, we need to maximize the total discounted revenue subject to the constraint on the total quantity. We can use the Lagrange multiplier method to solve for q1 and q2:

L = R1 + (1/(1+0.03))*R2 + λ(11 - q1 - q2)

Taking partial derivatives with respect to q1, q2, and λ and setting them equal to zero, we get:

dL/dq1 = 11 - 0.4q1 - λ = 0

dL/dq2 = 11 - 0.4q2 - (1/(1+0.03))*λ = 0

dL/dλ = 11 - q1 - q2 = 0

Solving these equations simultaneously, we get:

q1 = 4.83 units

q2 = 6.17 units

Learn more about consumed  here:

https://brainly.com/question/15869639

#SPJ11

A demand curve is derived by measuring how many units of a product are sold at various prices.

The demand curve shows the relationship between the price of a product and the quantity of the product that consumers are willing and able to purchase at that price.

As the price of a product decreases, the quantity demanded of that product generally increases, and as the price of a product increases, the quantity demanded of that product generally decreases.

The demand curve is an important tool in economics for understanding consumer behavior and for predicting the impact of changes in price on the quantity demanded of a product.

To know more about demand curve refer to-

https://brainly.com/question/30550686

#SPJ11

The statement unlike for incremental innovation projects, leaders of radical innovation projects must also be strong champions is false because to stay ahead of the competition in a field that is fast expanding, such as technology or healthcare, radical innovation is frequently required.

However, if your sector doesn't change as quickly, little changes might be sufficient. Utilizing a hybrid model is the greatest way to innovate. A modest succession of changes, or increments, constitute an incremental change.

A radical shift, on the other hand, can be rapid and swift and is typically regarded as a big alteration. It's more important to innovate for the future and produce something never before thought of than to produce something based on the demands of the market.

To learn more about innovation, click here.

https://brainly.com/question/30929075

#SPJ4

If Liz has bank-account consisting of $500, which collects 2.875% interest annually, then the amount in Liz's account after 24 months will be $529.2.

Liz has a bank account that has $500, the annual interest-rate is 2.875%,

To calculate the amount in Liz's bank account after 24 months with an annual interest rate of 2.875%, we use the formula for compound interest:

⇒ [tex]A = P(1 + \frac{r}{n} )^{(nt)}[/tex],

Where: A is final amount, P is initial-amount,

r is annual interest rate (in decimal), n is number of times interest is compounded per year, t is time.

In this case, P = $500, r = 2.875% or 0.02875 as a decimal, n = 1 (since interest is compounded annually), and

The time (t) = 24/12 = 2 years.

Substituting the values,

We get,

⇒ A = 500 × (1 + 0.02875/1)²,

⇒ A = $500 × (1 + 0.02875)²,

⇒ A = $500 × (1.02875)²,

⇒ A = $529.1062578125 ≈ $529.2,

Therefore, after 24 months, with no transactions made, there will be approximately $529.2 in Liz's bank account.

Learn more about Compound Interest here

https://brainly.com/question/29335425

#SPJ4

An anticipated devaluation of a country's exchange rate would create an initial expansion in output followed by a contraction.

This is because a devaluation makes exports cheaper and imports more expensive, leading to an increase in demand for domestic goods and a decrease in demand for foreign goods.

This increased demand leads to an initial expansion in output. However, over time, the higher prices of imported goods may lead to inflation, which can reduce demand for all goods and ultimately lead to a contraction in output.

However, as the exchange rate adjusts, the effect may be temporary, leading to a subsequent contraction in output.

An anticipated devaluation of a country's exchange rate would create an initial expansion in output followed by a contraction.

This is because, when a deviation is anticipated, exporters and investors may take advantage of the expected lower exchange rate, leading to an initial increase in output.

Visit here to learn more about Exchange Rates:

brainly.com/question/10187894

#SPJ11

The positive impact of the Loyalty Order on american employment was weed out potential communist sympathizers from government positions.

This was important because the government had access to sensitive information, and the fear was that communists could use this information to harm the country.

On the other hand, the Loyalty Order also had a negative impact on american employment. Many people who were falsely accused of being communist sympathizers lost their jobs or were unable to find employment due to their association with communism.

Basically, all this persecution created a climate of fear and terror, and many people were afraid to speak out or express their opinions freely.

President Truman created the Federal Employee Loyalty Program, better know as the Loyalty Order, to ensure that federal employees were not associated with communist ideology.  As we can see this order had both positive and negative impacts on American employment.

After World War Two, the fear of communism was widespread in the United States due to the Cold War with Russia.

This fear was not only limited to the government but also extended to the American public, creating a lot of concern. To address this fear,

In the end, the Loyalty Order was an important part of American history during the post-World War Two era. It helped to deter communist sympathizers from government positions, but at the same time, it had a negative impact on American employment and freedom of expression.

Learn more about the Loyalty Order: https://brainly.com/question/30156932

#SPJ11

The process by which a retailer attempts to offer the appropriate quantity of the right merchandise, in the right place, and at the right time, while meeting the company's financial goals is called merchandise management (option 3).

Merchandise management involves planning, organizing, and controlling the buying and selling of merchandise in a way that maximizes sales and profits. It includes activities such as forecasting customer demand, selecting and sourcing merchandise, pricing and promoting products, and managing inventory levels to ensure that the right products are in the right place at the right time.

Category management (option 1) refers to the process of managing a group of related products as a strategic business unit and involves analyzing consumer behavior, market trends, and supplier performance to optimize the category's performance.

Learn more about  inventory levels here:

https://brainly.com/question/31422773

#SPJ11

In person-administered surveys, the possibility of the interviewer recording incorrect responses is generally considered to be low.

This is because the presence of the interviewer allows for clarifications and follow-up questions to be asked, which can help ensure that the respondent's answers are accurately captured. Additionally, trained interviewers are typically used in these types of surveys, and they are often given detailed instructions and protocols to follow in order to minimize errors. However, it is still possible for human error to occur, and there may be instances where an interviewer records a response incorrectly.

To mitigate this risk, surveys often include checks and validations to identify and correct any errors that may have occurred during the data collection process.

For more such questions on surveys

https://brainly.com/question/30462806

#SPJ11

The current impact of television, radio, newspapers, and social media in informing the American people with news is significant, as these media platforms serve as primary sources of information.

Television continues to reach a broad audience, providing visual and auditory news content, while radio caters to listeners on-the-go or those who prefer an auditory experience. Newspapers offer in-depth analysis and print journalism, and social media enables instant access to news updates and a platform for discussions.

The impact of these media on the baby boom (born 1946-1964) and millennial (born 1981-1996) generations differs due to varying preferences and technological advancements. Baby boomers tend to rely more on traditional media like television, radio, and newspapers, as these were dominant sources of news during their formative years. Millennials, however, have grown up with digital technology and have a stronger inclination towards social media and online news sources for their daily updates.

In conclusion, television, radio, newspapers, and social media play a vital role in informing the American people with news. The baby boom and millennial generations experience varying impacts due to their different exposure and preferences in consuming news through these media platforms.

For more such questions on media

https://brainly.com/question/23976852

#SPJ11

A firm's channel members, such as distributors and retailers, can significantly affect the price that the firm can charge for its products. These channel members play an essential role in getting products to customers, and their decisions can have a direct impact on the price that customers pay.

Firstly, the cost of distribution can influence the final price of the product. If a firm has more intermediaries in its distribution channel, such as wholesalers and retailers, the cost of distribution may be higher, and this can lead to a higher final price for the customer.

Secondly, channel members can also influence the perceived value of a product. For example, a retailer may decide to stock a particular product and promote it heavily, thus increasing the product's visibility and creating a perception of value among customers. This can allow the firm to charge a premium price for the product.

Thirdly, channel members may also influence the competition in the market. For instance, if a retailer decides to offer a discount on a product, this can lead to other retailers in the same market offering discounts as well, and this can affect the price a firm can charge for its products.

Click the below link, to learn more about A firm's channel members:

https://brainly.com/question/3147312

#SPJ11

The given statement "potential customers and non-potential customers are mixed in the marketplace. It is indeed impossible to ensure that all marketing expenditures go only to those who may eventually make a purchase". is True because the marketplace is a diverse environment that consists of a wide variety of individuals, each with their unique needs, preferences, and purchasing power.

As a result, marketing efforts often reach both potential and non-potential customers simultaneously. While it would be ideal to target marketing efforts solely toward potential customers, this level of precision is often unattainable in practice. Marketers use various targeting strategies, such as demographic, geographic, and psychographic segmentation, to narrow down their audience and improve the efficiency of their marketing campaigns. However, even with these strategies in place, it is still challenging to eliminate non-potential customers  from the target audience.

In conclusion, the marketplace is a complex environment where potential and non-potential customers coexist. Despite various targeting strategies, it is impossible to ensure that all marketing expenditures are directed exclusively toward potential customers. However, this also presents an opportunity for marketers to adapt and engage with a wider audience.

Know more about  marketplace here:

https://brainly.com/question/31261696

#SPJ11