It is called a Customer Journey.
What is a Customer Journey?Consider the customer journey as a blueprint that shows how a consumer learns about your business, interacts with it, and more. The customer journey is defined as follows:
The total of all the interactions that consumers have with your business and brand is known as the customer journey. The customer journey captures the entire experience of being a customer, as opposed to focusing on a single transaction or event.
Example of customer Journey:
While shopping in the city, your potential consumer notices your storefront and signs (ping). She enters and observes how your shop is set up (ping). Your employee welcomes her and offers to assist her (ping) (ping). She receives assistance from a competent and courteous salesperson in choosing a stylish pair of high-quality shoes (ping).
Your new consumer is reassured that she may return the shoes with no questions asked if she changes her mind about making the purchase (ping). in addition to obtaining her email address for any future marketing (ping). Later that day, a client tweets a photo of her new shoes along with a mention of your business (ping). She is so devoted to you that she even praises your shop on Yelp.com (ping).
A few weeks later, you send her a marketing email (ping) with a discount (ping) and a reminder of your company's name and principles (ping).
This is one example. And, regrettably, if you're not paying attention or making an effort to grasp the thinking of the client, you can be undervaluing your brand. If a consumer has a bad experience when shopping at your business (couldn't find the merchandise, staff was impolite, etc.), it matters and affects how she will perceive your brand overall.
Therefore, A modern entrepreneurship methodology that characterizes customer interactions across all touch points they have with a particular solution or brand is called Customer Journey.
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A(n) __________ is an intangible product or action that consumers, firms, or governments wish to purchase.
Answer: service
Explanation:
A(n) service is an intangible product or action that consumers, firms, or governments wish to purchase.
Good is a tangible item that businesses, governments, or consumers want to buy.
A service is an immaterial good or action that businesses, governments, or individuals would like to pay for.
A resource is anything used in the production of goods and services, whether it be a product of manufacture, a gift from nature, or the outcome of human labor.
A market is any location or method whereby buyers and sellers transact in order to exchange products, services, or resources.
Hence, the blank is to be filled by the word service.
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When the economy is in a recession, the government will want to increase output. if the multiplier equals 2.5 and the government increases spending by 200, how much will output increase by?
If the economic system is in a recession, the government will want to boom output. if the multiplier equals 2. five and the government will increase spending through 2 hundred, how plenty will output growth by using 500
A recession is a good-sized decline in financial interest spread across the economy, lasting a variety of months, generally visible in actual GDP, actual income, employment, commercial production, and wholesale-retail income. The maximum not unusual example of a recession and melancholy is the worldwide recession of the 2008 monetary crisis and the super depression of the Nineteen Thirties, respectively.
A recession is when the economy's overall performance decreases for a prolonged period of numerous months, marked by means of GDP contraction, better unemployment quotes, and decrease patron spending. at some stage in a recession, people may also revel in significant effects on their day-by-day lives.
When u. s. a . is in a recession, the appropriate policy is to grow to spend, lessen taxes, or both. Such expansionary moves will put extra money within the arms of businesses and clients, encouraging organizations to increase and clients to shop for more goods and offerings. It takes the bureau at least six months to decide if a recession has started out; from time to time, it takes longer. The common publish-WWII recession lasts eleven.1 month. regularly, by the time the bureau has discovered the start of the recession, it's close to the quit.
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If you started your own company selling iphone applications, what organizational structure would you create? why?
I will create a combination of functional and project-based organizational structures. I have selected the combination due to the following rationale.
There are different types and categories of iPhone applications. So, the development of each application is a project. Accordingly, competent professionals will be used and they will move from one project to another project.Selling of applications as well as taking care of HR operational aspects of the business will require people with expertise in these functional areas also. So, getting good sales as well as HR retention is the top priority for the business.A combination of these two structures will create a mix of back end and front end without any departmental inclination. So, the company will succeed.Opting for other structures will either focus on applications or sales. But, it will be ineffective as sales will not happen without applications and applications alone cannot generate good sales without proper marketing.
Besides, there can be role confusion and conflict of interest with other organizational structure such as line only or staff only structures. Even, the selection of project-only or functional-only organizational structures will create problems and employee turnover will also increase.
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If a U.S. corporation sells a product in Europe and uses the proceeds to purchase shares in a European corporation, then U.S. net exports ______ and net capital outflows ______. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decrease
a. increase; increase
U.S. net exports increase and net capital outflows increase if a U.S. company sells a product in Europe and uses the revenues to buy stock in a European company.
What are the net exports of America?The United States' net exports for 2019, the most recent year for which data is available, totaled 11.7 percent of GDP, while net imports made up 14.6 percent of GDP. Therefore, the United States likewise experienced a trade imbalance, with a deficit of -2.9 percent.
What sort of exports are net exports?The net number takes into account a wide range of exported and imported goods and services, including automobiles, consumer goods, movies, and other items. A country's net exported products are $200 billion - $185 billion ($15 billion) if it exports $200 billion in goods and imports $185 billion in goods (exports > imports).
Is food a net export from the US?The United States continues to enjoy undisputed dominance in the culinary world. The top producer and exporter of food worldwide is the United States.
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If long run aggregate supply (LRAS) is vertical, then which of the following statements must be true
If long run aggregate supply (LRAS) is vertical, the statements that must be true is: Aggregate demand does not affect the quantity of output.
What is aggregate supply?Aggregate supply can be defined as the amount of goods or product a firm is expected to produce and sell or made available to buyers at a particular period of time.
Hence, assuming aggregate supply is vertical, aggregate demand which is the amount of goods buyers are willing to buy will not not affect the quantity of output or goods produced.
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Microeconomics is the study of: __________
a. global economies.
b. productivity in other countries.
c. the entire u.s. economy.
d. the decisions made by individuals.
e. the national unemployment rate.
Microeconomics is the study of the decisions made by individuals.
Microeconomics is the study of individuals, households and firms behavior in decision making and allocation of resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets.
In the economy, microeconomics applies to markets of goods and services and deals with individual and economic issues. Microeconomics is important as it provides the required tools that enable the formulation of various economic policies.
Individual income and savings, consumer equilibrium, are examples of microeconomics.
Hence, microeconomics is the study of the decisions made by individuals in the economy.
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Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is ______ the increase in net operating income.
Once the break-even point is reached, Once the break-even point is reached, the sale of an additional unit increases contribution margin by an amount that is equal to the increase in net operating income.
What is break even?This refers to a point in which neither profit nor loss is attained by a business.
It is where there is no profit or loss is incurred by a firm hence you have to make just as much as what you are spending.
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How should agent Erin respond when consumer Mrs. Rose notices that the presented MA Plan has a Star Rating of 2 stars
The way that Erin should tell the consumer Mrs Rose that the plan has received a below average rating.
What is a consumer?It should be noted that a consumer is a individual who buys goods primarily to meet his needs.
Here, the customer has a rating of 2 stars and should be told that he has a below average rating.
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________ is the process of evaluating and selecting longminus term investments that are consistent with a firm's goal of maximizing owners' wealth.
Capital expenditure is the process of evaluating and selecting long minus term investments that are consistent with a firm's goal of maximizing owners' wealth.
The money that the government spends on developing buildings, machinery, equipment, schools and other infrastructure are known as capital expenditure. Additionally, it covers the costs made by the government for investments that will generate profits or dividends in the future, such as land acquisition costs.
The long-term character of capital investment, which results in the formation of assets, enables the economy to generate income for many years by expanding or upgrading manufacturing facilities and increasing operational effectiveness. Additionally, capital expenditure raises the ability of the economy to create more in the future, increases labor participation, and evaluates the economy.
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Which communications management practice includes specifying all of the communications systems.
All of the communication channels and platforms that parties will use to exchange information are specified in Agreements.
What is an Agreement?A shared choice, position, or arrangement is what is meant by the concept of agreement. The choice made by two persons to split an apartment's rent is an illustration of an agreement.
Types of the agreement are:-
Grant. Cooperative Agreement. Contract. Memorandum of Understanding. Non-Disclosure Agreement. Teaming Agreement. Material Transfer Agreement.To learn more about agreement from the given link:
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When the elasticity of demand for a product is __________ the elasticity of supply, consumers pay __________ of the tax on the product.
When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.
The way the tax burden is distributed between purchasers and sellers is known as the tax incidence.
The relative price elasticity of supply and demand determines the tax incidence.
Usually, both the producers and the consumers of the taxed goods bear the incidence, or burden, of the tax.
But all we have to do is look at the elasticity of demand and supply to determine which group will be carrying the bulk of the load.
The majority of the tax burden falls on consumers when supply is more elastic than demand.
The majority of the tax burden falls on the producers when demand is more elastic than supply.
The less elastic the demand and supply are, the higher the tax revenue.
Hence, When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.
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If the resistance of the resistor in the figure is slowly increased, what is the direction of the current induced in the small circular loop inside the larger loop
If the resistance of the resistor in the figure is slowly increased, the direction of the current induced in the small circular loop inside the larger loop is counter clockwise.
What is the direction of the current?Conventionally, a positive charge would go in the same direction as an electric current. As a result, the battery's positive terminal receives less current in the external circuit than its negative counterpart.Actually, electrons would go in the reverse direction across the cables. This convention may seem a little strange and out of date when one realizes that the real charge carriers in wires are negatively charged electrons.Nevertheless, it is the accepted practice across the globe, and a physics student can quickly get acclimated to it.The average distance covered by a charge carrier in a given amount of time is referred to as drift speed.The distance to time ratio determines an electron's drift speed, which is the same as any other object's speed.A typical electron's travel across a wire could be compared to a chaotic, zigzag path that is characterized by collisions with stationary atoms.Know more about direction of the current https://brainly.com/question/2625601
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Claire has borrowed . She plans to pay off the loan in full after two payments. She will make one payment 3 years from now, then another payment 6 years from now. The second payment will be exactly double the amount of the first payment. How much is the first payment if the interest rate of the loan is , compounded annually
Answer:
$2,489.05
Explanation:
PMT=5000 / (1*1.085^-3 + 2*(1.085^-6))
PMT = $2,489.05
What is the most accurate information her coach can offer to help encourage evie to add an anerobic workout to her fitness plan?
Anaerobic exercise includes high-intensity interval training (HIIT), weightlifting, circuit training, Pilates, yoga, and other strength training. This type of exercise offers many health benefits.
Anaerobic exercise, sometimes called interval training or high-intensity interval training, is done for short periods of time. These exercises include weights, jumping jacks, and sprints. These exercises are great for burning a lot of calories in a short amount of time.
Anaerobic exercise involves a rapid burst of energy and is performed with maximum effort in a short period of time. Examples include jumping, sprinting, and lifting heavy objects.
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Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners
The correct option is : the law of the state in which it is organized.
What is limited partnership?Limited partnership (LP) is a type of partnership organization that limits the personal liability of some partners. In general partnerships, every partner remains personally liable for the debts and obligations of the partnership.
A limited partnership (LP)—not to be confused with a limited liability partnership (LLP)—is a partnership made up of two or more partners. The general partner oversees and runs the business while limited partners do not partake in managing the business. However, the general partner of a limited partnership has unlimited liability for the debt, and any limited partners have limited liability up to the amount of their investment.
There are three forms of partnerships:
Limited partnership.General partnership.Limited liability partnership.Therefore, we can conclude that the correct option is D.
Your question is incomplete, but most probably your full question was:
Which of the following governs a limited partnership, its internal affairs, and the liability its limited partners?
A. the federal government
B. all states in which the business operates
C. the articles of limited partnership
D. the law of the state in which it is organized
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Because texas generally has low rates of –------ , individual effects on the texas political process are likely to be :______
Because texas generally has low rates of low, individual effects on the texas political process are likely to be: low
This is further explained below.
What is texas's political process?Generally, The development of problems marks the beginning of the policymaking process in Texas, which then continues on through five additional stages: the establishment of agendas, the selection of policies, the adoption of policies, the implementation of policies, and the assessment of policies.
In conclusion, Individual influences on the political process in Texas are anticipated to be modest because of the state's relatively low crime rate and low rate of poverty.
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If the domestic government of a small open economy reduces government spending, the real exchange rate will __________ and net exports will ___________ a. Increase, decrease b. Increase, increase c. Decrease, increase d. decrease
Increase, decrease
A small open economy's domestic government reducing back on spending will result in an increase in the real exchange rate and a drop in net exports.
Government spending
Government spending refers to funds used by the public sector for the purchase of products and the delivery of services, including those related to defense, social protection, healthcare, and education. If government spending results in the unemployed finding work, they will have more money to spend, which will increase aggregate demand even more. When the economy has excess capacity, government expenditure may result in a greater final gain in GDP than the initial exposure.
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The Midwest Division of Grainger Company has investment center average invested assets of $200,000 and investment center income of $40,000. What is the return on investment for this division?
The return on investment for this division is (B) 20%.
What is the return on investment (ROI)?Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time). A high ROI indicates that the benefits of the investment outweigh the costs. ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments. It is one method of connecting profits to capital invested in economic terms.To find the return on investment for this division:= income/average invested assets
= $40,000/$200,000
= return on investment
= 20%
Therefore, the return on investment for this division is (B) 20%.
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Correct question:
The Midwest Division of Grainger Company has an investment center average invested assets of $200,000 and an investment center income of $40,000. What is the return on investment for this division?
(A) 500%
(B) 20%
(C) 25%
(D) 80%
Patterson’s patties is a fast-food hamburger chain with over 1,000 locations worldwide. Recently, the company has been dealing with an e. Coli outbreak in its ground beef causing dozens of diners to get sick. As a result, the chain’s sales are taking a hit. The company is organizing its response to the situation from its small 20-person home office, where morale has also gone down. What medium of communication should the ceo of patterson’s use to communicate with customers and home office employees?.
The communication medium that will be used in this scenario is the use of SMS to pass the information to them.
What is communication?It should be noted that communication is the process by which information is exchanged between individuals through a common system of symbols or behavior.
Communication is the act of giving, receiving, and sharing information and good communicators listen carefully, speak or write clearly, and respect different opinions.
For communicating with customers, I would use a medium of SMS to the customer's registered mobile numbers and social media to inform them regarding the problem.
This would help to reach out to customers far and wide and this communication can be executed within a short span of time, as is the requirement of the situation.
To communicate with the home office employees, who are 20 in number, I would suggest using voice calling them to take necessary measures and ensure the safety and health of consumers.
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Every eighteen months, employees are required to leave their teams and work on something different for at least a month
The information illustrates that employees leave their teams and work on something different for at least a month is important to spread knowledge in an organization.
What is a team?It should be noted that a team simply means a group of people who work together on order to achieve a particular goal.
In this case, the information illustrates that employees leave their teams and work on something different for at least a month is important to spread knowledge in an organization and learn new skills.
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What is the engagement of presenting in the form of financial statements information that is the representation of management without undertaking to express any assurance on the statements?
It gives users limited assurance on the accuracy or correctness of financial statements is the engagement of presenting in the form of financial statements information that is the representation of management without undertaking to express any assurance on the statements.
An audit engagement is a type of engagement that provides a limited level of assurance that a company's financial statements comply with applicable accounting standards. It gives the user a limited warranty as to the correctness or correctness of the financial statements.
As part of its compilation, management is responsible for the preparation and presentation of the annual financial statements. Auditors who provide preparation services must have sufficient industry experience and client knowledge to prepare financial statements.
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Why do you think companies are moving toward flatter, more organic structures? Do you think this is appropriate?
Answer:
shortage out of stock and the is no more fresh grown food
Pine Valley Lumber issues 15,000 shares of 9%, $45 par value preferred stock with a cumulative dividend feature for $65 cash per share. What is the minimum annual dividend the holders of this stock can collectively expect to receive
The minimum annual dividend the holders of this stock can collectively expect to receive is $60,750.
Minimum annual dividend
Using this formula
Minimum annual dividend=Number of shares×par value preferred stock×Dividend rate
Let plug in the formula
Minimum annual dividend=15,000 shares × $45/share par value × 9%
Minimum annual dividend=$60,750
Therefore the minimum annual dividend the holders of this stock can collectively expect to receive is $60,750.
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What condition exists in this city's labor market at the present minimum wage of $9 per hour?
The labor market is oversupplied. Surplus is defined as something that is more than you require. Items you don't need or use are an example of surplus goods. Money that is still available after all of your bills have been paid is an example of surplus cash.
The amount of an asset or resource that is over its utilized share is referred to as surplus. Simply divide the amount the consumer was willing to pay by the actual price they paid will yield the consumer surplus. For small firms to develop and expand, the economy must be in the surplus.
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Organizations can lock in suppliers by making it difficult to switch to another organization or by ________.
Organizations can lock in suppliers by making it difficult to switch to another organization or by making it easy to work with the organization.
What is the purpose of creating Lock-In?
'Lock in' aims to make it difficult for customers to switch from your brand or offering to a competitor's offering. It can accomplish this by increasing switching costs or the effort required to transfer (soft lock-in) and providing positive reasons to stay, such as superior brand experience or incentives.
Benefits of Lock-In:
Regular customers: Because of the lock-in mechanism, customers will make a subsequent purchase.Customer data: Track customer purchase behaviour over time and predict trends, allowing your company to adapt to their needs and potentially increase purchase frequency or basket size.Predict cash flow: Organization can estimate more accurate cash flow, which can aid in consistent organization's growth.Learn more about organization here:
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When a state acts in its sovereign capacity, __________. Multiple Choice it has the right to forgive corporations for violations of the Clayton Act it can legalize bribery it is liable for triple damages it can force defendants to civil suits to enter a plea of nolo contendere it is immune from federal antitrust scrutiny
When a state acts in its sovereign capacity, it is immune from federal antitrust scrutiny.
What is Federal Antitrust Law?Antitrust laws, also known as competition laws, are regulations created by the American government to defend consumers from unfair commercial practices. In an open-market economy, they make sure there is fair competition. Along with the market, these rules have developed, vigilantly preventing potential monopolies and interference with the healthy flow of competition.Market allocation, bid rigging, price fixing, and monopolies are just a few of the commercial practices that are subject to antitrust legislation. We look at the behaviors that these laws forbid below.Without these restrictions, customers would not benefit from a variety of options or market competition.Know more about Federal Antitrust Law with the help of the given link:
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________ supply chain decisions are made affecting how products are developed, manufactured, moved, and sold.
Hundreds of times each day supply chain decisions are made affecting how products are developed, manufactured, moved, and sold.
Supply chain. It consists of all parties directly or indirectly involved in the procurement of products or raw materials. Supply chain management (SCM) involves managing the flow of information between stages in the supply chain to maximize the effectiveness and profitability of the entire supply chain.
Decision stages can be defined as different stages of supply chain management for making actions or decisions related to a product or service. Successful supply chain management requires decisions about the flow of information, products, and money, which fall into three decision phases.
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In this discussion, analyze and discuss a case where company a claims its network was compromised by a connection from company b network. How should both companies proceed? who should be involved?
It seems to be a case of a network breach and hence it must be diagnosed by computer forensic experts. Both companies must agree to a Computer Forensic investigation into the matter. As far as Computer Forensic investigations are considered, they can be either public or private. Public investigations are conducted by the government while Private investigations are conducted by private Computer Forensic agencies. If the company is a private organization then it must go for a private investigation and if it is a government organization then it must go for a Public investigation. The investigation will be conducted as per the four principles of forensic investigation laid down by the Association of Chief Police Officers.
Management Discussion and Analysis (MD & A) is a section of public company annual reports or quarterly filings. MD & A examines the company's performance. In this section, the company's management and executives, also known as the C Suite, analyze the company's performance using qualitative and quantitative indicators.
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The ROI calculation will indicate: Select one: a. the overall quality of a company's earnings. b. the invested capital generated from each dollar of income. c. the sales dollars generated from each dollar of income. d. the percentage of each sales dollar that is invested in assets. e. how effectively a company used its invested capital.
The ROI calculation will indicate (C) how effectively a company used its invested capital.
What is ROI?Return on investment, often known as return on costs, is a ratio of net income to investors. A high ROI indicates that the benefits of the investment outweigh the costs. ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments.What is ROI calculation?A computation that compares the monetary value of an investment against its cost. (profit minus cost) / cost is the ROI formula. If you earned $10,000 from a $1,000 investment, your return on investment (ROI) would be 0.9, or 90%. This is commonly obtained by using an investment calculator.The ROI calculation will show how well a business utilizes its invested capital.As the description says, the ROI calculation will show how well a business utilizes its invested capital.
Therefore, the ROI calculation will indicate (C) how effectively a company used its invested capital.
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Complete question:
The ROI calculation will indicate:
A. the percentage of each sales dollar that is invested in assets.
B. the sales dollars generated from each dollar of income.
C. how effectively a company used its invested capital.
D. the invested capital generated from each dollar of income.
E. the overall quality of a company's earnings.
The next dividend payment by Im, Incorporated, will be $1.87 per share. The dividends are anticipated to maintain a growth rate of 4.3 percent forever. If the stock currently sells for $37 per share, what is the required return
The answer is 9.35%.
The required rate of return (RRR) is the minimal return an investor would accept for owning a company's shares in exchange for a certain amount of risk. In corporate finance, the RRR is used to assess the profitability of proposed investment projects.
The RRR is a subjective minimal rate of return; this implies that a retiree will have a lower risk tolerance and hence accept a lesser return than a fresh college graduate with a larger stomach for risk.
Required return=(D1/Current price)+Growth rate
=(1.87/37)+0.043
=0.0505405405+0.043
=9.35% (Approx)
Hence, the required rate of return is 9.35%.
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