Loyalty/reward program describes the gifts, special offers, and other incentives that businesses give to their clients as part of a plan to keep them coming back for more of their goods or services.
When creating a successful loyalty/reward program, a business should take into account the following three factors:Exclusivity, since if everyone in the program receives the same perks, the client won’t see any value in the program, and they need to feel special to be a part of it.Customer knowledge: By understanding your audience, you can make sure that the program will speak to their wants and desires and be relevant to them.Contribution to the brand is necessary since you must ensure that your brand is supported by all of your activities.
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the function of the role of an orienter in a group is to motivate team members to work harder toward goals. offer constructive challenges to the team's status quo. resolve differences among teammates. praise the work of teammates. establish the direction for the team.
The given statement would be true because an orienter acts as the anchor to the team and helps the team undergo various tasks.
Which of the following roles refers to behaviors that influence the quality of the team social climate rather than work?
Organizations use team building activities to foster healthy interpersonal relationships among the diverse team members. Team building helps team members communicate effectively so they may recognise each other's skills and inspire one another to achieve goals. Team task interdependence is defined as the extent to which team tasks are connected so that team members depend on one another to complete their tasks. Trust, open communication, and effective leadership are essential for effective teamwork, as well as a focus on shared objectives and shared accountability for success.
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the pervasiveness of unpredictability in job hours and schedules that makes it difficult for workers to control time is known as , which is so common among less-educated workers in the united states.
Unexpected incomes, which are so prevalent among lower-educated employees in the United States, are the all-pervasiveness of unpredictable job hours and schedules that make it challenging for workers to govern time.
Unpredictable hours translate to unpredictability in pay for hourly workers. According to an analysis, three out of every four hourly wage workers between the ages of 26 and 32 say that their hours vary from week to week. In a month, there are typically 10 hours between a worker's shortest and longest workweek.
When determining whether a worker will be subject to just-in-time scheduling, industry is very important. In the leisure and hospitality sector, three out of four employees receive their schedules less than one month in advance, with the majority receiving notice of less than two weeks.
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texas is considered a pro-business environment in part because group of answer choices it requires labor union membership. it encourages collective bargaining. it promotes corporate subsidies. its courts are not friendly to plaintiffs who sue businesses.
Texas is seen as a pro-business state in part because it encourages corporate subsidies. Thus, the right answer is it promotes corporate subsidies.
What are corporate subsidies?A subsidy is a direct or indirect payment made by the government to individuals or businesses, typically in the form of cash or a targeted tax cut. Subsidies, according to economic theory, can be used to offset market failures and externalities in order to achieve greater economic efficiency.
A government's bestowal of money handouts, tax incentives, or other special preferential treatment for firms is referred to as corporate benefits.
Corporate welfare is frequently defined as direct government subsidies to big firms, excluding tax breaks and various regulatory and trade choices.
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The manufacturer of a computer game planned to produce the game for a cost of $15 and sell it for $30. however, in the first month, the company sold only 100,000 games. a marketing research group suggests that by dropping their price to $20 they could probably increase sales to about 200,000 games in the next month. production costs would stay the same, and the manufacturer has the capacity to produce 200,000 games. which of these options is the best for the coming month when considering marginal costs and benefits?
The best option for the manufacture in the coming month when considering marginal costs and benefits is keeping the price at $30 to retain the image of a quality product.
This option is not only to retain the quality of the product, but it also avoids your customer being confused about why your company decreasing the price. is it means the quality decrease too? So it's better to keep selling it for $30 and increase the quality than your sold for $20, but not guarantee it would be sold in more units. Marginal cost also says to the increase or decrease in the value of producing one more items or serving one more customer. It is also called as incremental cost.
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what do these images reveal about the impact of technological changes on agriculture and manufacturing?
Consumer goods of all kinds, both agricultural and manufactured, proliferated because of new technologies. Advances in technology created new efficiencies that led to increased production and ultimately higher profits.
Agriculture or farming is the practice of cultivating flora and livestock. Agriculture became the key improvement in the upward push of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to stay in cities. The records of agriculture began thousands of years in the past.
Agriculture is the exercise of cultivating natural resources to maintain human existence and provide a monetary advantage. It combines the creativity, creativeness, and skill concerned in planting crops and raising animals with cutting-edge manufacturing strategies and new technology.
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monopoly arises when: a. there is a firm desiring to compete in many markets b. there is a firm wanting to maximize profits c. there are barriers to the entry of other firms d. there is government intervention to establish and enforce a price ceiling
The correct Option is C. Monopoly arises when there are barriers to the entry of other firms.
An economics-themed board game with many players is called Monopoly. To move across the game board, acquire, trade, and develop properties with homes and hotels, players roll two dice.
To force their rivals into bankruptcy, players collect rent from them. Tax squares, Community Chest cards, and Chance cards all have a financial component. Every time they pass "Go," players are paid a stipend.
However, they also risk getting locked up and cannot leave until one of three requirements has been satisfied. House rules, numerous spin-offs, hundreds of publications, and related media are all available.
Having been published in more than 37 languages and having local licenses in more than 103 countries, Monopoly has ingrained itself into global popular culture.
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a plant asset is (depreciated/discarded/obsolete) when it is no longer useful to the company, and it has no market value.
A plant asset is discarded when it's far not beneficial to the employer and has no market cost. (Capital/sales)
In economic accounting, an asset is any resource owned or controlled by a commercial enterprise or an economic entity. it's miles whatever that can be used to supply tremendous economic fees. property represents a fee of possession that may be transformed into cash.
An asset is a useful resource with economic value that a man or woman, employer, or country owns or controls with the expectation that it's going to offer a future advantage. assets are pronounced on a company's stability sheet. they are classified as current, constant, financial, and intangible. Examples of property encompass all contemporary, capital, and intangible assets owned by means of a company and used for accounting purposes. for instance, cash, debts receivable, building, plant and gadget, goodwill, and patents.
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what is one potential advantage of being a privately-held company? a.) a private company typically has an easier time attracting employee talent. b.) it puts the company in a better position to acquire other companies. c.) it is easier to raise large amounts of capital as a private company. d.) certain investors may find the ability to retain control over the company attractive.
Certain investors may find the ability to retain control over the company attractive is one potential advantage of being a privately-held company. A corporate structure that is distinct from its owners legally is a company.
Due to additional reporting requirements and higher-level legal obligations, the business structure is more complex and has greater setup and administrative investors costs. Due to the desire of its employees to create value, a business is referred to as a company. Latin is the origin of the word "produce," which means to lead forth or bring forth. Old French, which means compaignie or companionship, is where the word "company" first appeared.
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in highly cohesive teams, when members try to maintain harmony by striving toward consensus on issues without ever offering, seeking, or seriously considering alternative viewpoints and perspectives, this is
Groupthink occurs when members of highly cohesive teams try to maintain harmony by working toward an agreement on topics without ever presenting, seeking out, or properly considering alternate thoughts and perspectives.
Groupthink is a phenomenon that happens when people come to an agreement without using critical thinking or weighing the pros and drawbacks.
The foundation of groupthink is a shared desire to keep the balance of the group. In this situation, the urge for group cohesion effectively stifles wise judgment and creative problem-solving.
A typical everyday example of groupthink is the internal justification of unfair business practices and the unwillingness to speak out against them.
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caitlin's u.s. firm sold paint additives to japan and in return her company was paid by japan but is also required to purchase plastic products produced in japan with some of the proceeds from the sale of the paint additive. this example demonstrates blank . multiple choice question. bartering franchising counterpurchase licensing
The example given on Caitlin's U.S. firm selling paint additive to Japan and then purchasing some plastic products in Japan is a counterpurchase.
What is a counterpurchase ?In counter-purchasing agreements, the two parties involved in the contract will buy goods from each other. The transactions where they buy goods from each other will not be the same, and this is often done to provide incentive for one party.
In this case, Caitlin's U.S. firm sells paint additives to Japan and then has to buy some plastic items from Japan as well. This shows that this is a counterpurchase.
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a reduction of the value of a nation's currency relative to the currencies of other countries is called a currency devaluation. group of answer choices true or false
True A currency devaluation is a decrease in a nation's currency's value in comparison to that of other nations' currencies.
What is an example of a currency devaluation?When a nation's government deliberately lowers the value of its currency, this is known as devaluation. Instead of allowing market forces to determine its value, a nation must bind its domestic currency to another currency before taking this action. For instance, Panama binds the balboa, the country's currency, to the US dollar.
How does currency devaluation affect things?The deliberate downward adjustment in the official exchange rate known as devaluation lowers the value of the currency; A revaluation, on the other hand, is an increase in the value of the currency. The domestic currency's lower value in comparison to other currencies is a key effect of devaluation.
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because of fixed costs, net operating income does not change in proportion to changes in the level of activity which is called the effect
It is true that due to fixed expenses, net operating revenue does not fluctuate in line with changes in activity levels.
What do you mean income?The amounts of money, assets, and other exchanges of value obtained over a predetermined time frame in return for products or services are often referred to as "income." Income is defined in relation to the topic in which the word is employed; there isn't a single, universal definition.
What is an example of income?Earnings from a portfolio or passive income may be considered ordinary income. Rental income and consistent dividends from investments are two examples. Distributions from pensions or retirement accounts are also considered to be ordinary income.
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when employees suggest changes in a positive way and make innovative suggestions for change, they are exhibiting:
when employees suggest changes in a positive way and make innovative suggestions for change, voice behavior is exhibited:
Voice conduct refers back to the behavior that proactively situations the status quo and makes constructive modifications. preceding studies have explored the antecedents of personnel' voice conduct, however to whom employees are probably to voice their thoughts has remained not often tested.
voice conduct is difficult and transformative in nature, therefore, voice conduct is regularly accompanied by struggle or hazard, which made employees more careful approximately voice. therefore, employees frequently select to “know but keep silent,” and generally tend to accurately guard themselves. The phenomena are in particular obvious in China’s enterprise, in which concord is valued and with higher electricity distance.
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Which term BEST describes the contract between the tenant and the
landlord for rental of the property?
application
O rent statement
O lease agreement
O credit agreement
O application
An official document outlining the terms as well as conditions of a lease and rent partnership between two parties is known as a tenancy agreement as well as lease agreement.
What is lease agreement?
Many landlords ask their tenants to sign lease agreements prior to moving into a rental property. An agreement known as a lease between a tenant and landlord grants the tenant the right to occupy a property for a predetermined amount of time, usually a 6- or 12-month rental period. The parties to the lease are bound by a contract between the landlord and tenant. Residential leases are agreements between a landlord and a tenant that spell out their expectations for the duration of the tenancy, as well as the rent and any pet-related restrictions. The best interests of both parties can be protected with the help of a solid, carefully thought-out, and well-written lease contract because neither party may change the terms of the agreement without the other's written consent.
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which product characteristics would prompt the most intensive inspection? multiple choice question. low-cost, high-volume low-volume, high-cost moderate-cost, medium-volume
Low-volume and high-cost are the product characteristics that would prompt the most intensive inspection.
In order to further describe each product, product characteristics can be added to the product definition. Size, form, weight, color, quality, hardness, and other attributes are a few examples of product qualities. Depending on your product and how its functional design criteria have been developed, the list of product attributes may vary.
Regarding reliability, quality, and safety, some product features are more important than others. It may be crucial to recognize those who are most significant.
Product qualities are all the minor details of a product that have an impact on the consumer's choice to purchase. Therefore, a buyer may be prompted to make a purchase as a result of a product attribute that directly adds value to them.
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a tariff is a tax levied on a particular foreign product entering a country. group of answer choices false
A tariff refers to the amount of tax levied on a specific foreign product imported into a country. Thus, the given statement is true.
A tariff, also known as a duty, is a tax levied by governments on the value including insurance and freight of imported products and goods. Different tariffs are applied on different products or goods by different countries. Some countries have very high tariffs, and others have relatively low tariffs.
The tariffs, along with the other assessments, are collected at the time of customs clearance in the foreign port. Tariffs increase the cost of products and goods to foreign buyers and may affect their competitiveness in the market.
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one way to protect us makers of refrigerators from international competition is to limit the number of foreign-made refrigerators that can be imported into the country. this would be an example of .
Limiting the amount of foreign-made refrigerators that may be brought into the country is one strategy to safeguard American refrigerator manufacturers from worldwide competition. An example of an import quota would be this. As a result, the correct term is an import quota.
What is an import quota?An import quota is a sort of trade restriction that establishes a physical limit on the amount of an item that may be imported into a nation over a specific time period. Quotas, like other trade restrictions, are generally implemented to benefit the economy's producers of an item (protectionism).
For example, China has a quota of 300,000 tonnes per year for Cambodian rice exports.
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if wendy's airs a television advertisement delivering a message about a special promotion at its restaurants, wendy's is the blank in the communication process. multiple choice question. receiver source channel field of experience
If Wendy's airs a television advertisement delivering a message about a special promotion at its restaurant, Wendy's is the SOURCE in the communication process.
Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two additional factors are involved in the process, and those two additional factors are represented by the sender and the receiver.
There are five steps in the communication process: idea generation, encoding, channel selection, decoding, and feedback. Noise is anything that obstructs effective communication.
The actions we take to successfully communicate are referred to as the communication process. The sending party, message encoding, channel selection, message receipt by the recipient, and message decoding are all aspects of the communication process.
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say the stock closed at $26.00 at expiration and the option was assigned. what would be your capital requirement for the shares, not including commissions and fees?
The underlying may be purchased by the seller.
How can a seller of options profit from a trade in options?
Or, before the option expires, the owner can simply sell it to a different buyer at its fair market value. When the premium paid is less than the difference between the stock price and the strike price at expiration, the call owner makes money.
How do stock market options work?
When you buy an options contract, you get the right to buy or sell an underlying asset at a certain price before a certain date, but you don't have to. The holder of a call option is granted the right to purchase stock, while the holder of a put option is granted the right to sell stock.
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a 40-year-old man in the u.s. has a 0.247% risk of dying during the next year. an insurance company charges $280 per year for a life-insurance policy that pays a $100,000 death benefit. what is the expected value for the person buying the insurance? round your answer to the nearest cent. be careful with negative signs.
The expected value is the sum of the gain or loss if an event occurs and the probability of that event. People who are afraid of risk will pay to avoid it. The foundation of insurance is this.
How is expected value calculated?Simply multiply each value of the discrete random variable X by its probability and add the products to get the expected value, E(X), or mean. The formula is as follows: E (X) = = x P (x)
(0.00242)(99725)+(0.99758)(-275) = -$33 is the expected value.
What is expected value to the customer?A customer's expectation of the quality of a company's products or services is measured by customer expectations.
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the percentage analysis of increases and decreases in indivudual items in comparative financial statements is called
The term "horizontal analysis" refers to the percentage analysis of increases and decreases in individual items in comparative financial statements.
Financial statements are verified records of a company, a person, or another entity's financial activity and position. Financial information that is relevant is organized and presented in an approachable manner. Financial statements are written records that describe the operations and financial performance of a company. To ensure accuracy and for tax, financing, or investing purposes, financial statements are frequently audited by government agencies, accountants, firms, etc. The cash flow statement, income statement, and balance sheet are the three primary types of financial statements. A company's assets, liabilities, revenues, expenses, and cash flows from operating, investing, and financing operations are all displayed in combination by these three statements. Depending on a company's income and assets, the government can impose taxes on it.
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suppose that angela spends all of her income on two goods, pizza and soda. if the price of pizza falls then:
Minor Utility means the utility or fulfillment got by spending an extra dollar on another unti of a singular decent. The marginal utility/price ratio changes when the price of two goods changes.
Let's say angela spends her entire income on two items: pizza and books about fiction B. The current marginal utility per dollar spent on pizza will decrease if the price of pizza goes up. The marginal utility will change as the price goes up.
What is an illustration of marginal utility?A consumer's enjoyment from each additional unit of consumption is called marginal utility. It determines the utility beyond the initial consumption of the product. The marginal utility is the utility gained from purchasing a second bottle of water after purchasing a first one.
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Full Question - Suppose that angela spends all of her income on two goods: pizza and fiction novels. If the price of pizza rises, then
A. The current marginal utility per dollar spent on pizza will rise
B. The current marginal utility per dollar spent on pizza will fall
C. The current marginal utility per dollar spent on fiction novels will rise
D. The current marginal utility per dollar spent on fiction novels will fall
marsha made an offer of $325,000 on a home listed for $350,000. the seller accepted her offer. what service will her lender order to determine the home's actual value?
Marsha put in a $325,000 bid for a house that was listed for $350,000. Her offer was approved by the vendor. Her lender will request an appraisal from an appraiser as a service to ascertain the home's actual value.
What well-known economic tenet states that the value of a property is determined by the price at which a comparable property would be purchased?The concept of substitution holds that, assuming no unexpected delays, the cost of procuring an equally desired substitute tends to set the upper limit of value. An astute investor would not spend more on an asset that generates income than it would take to construct or buy a comparable asset.
Which economic tenet states that the price at which a comparable property would sell determines a property's value?The cost strategy offers the solution. The cost approach is based on the substitution principle, which stipulates that the worth of the subject property will not be greater than the cost of purchasing a comparable parcel of land and building comparable improvements.
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garden variety flower shop uses 750 clay pots a month. the pots are purchased at $2 each. annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. the manager has been using an order size of 1,500 flower pots. a. what additional annual cost is the shop incurring by staying with this order size? (round your intermediate calculations and final answer to 2 decimal places.)
It has the lowest inventory cost, this is the best order size. The holding cost and ordering cost are balanced at this level. It cuts out the need to keep a lot of inventory.
9000 = 750 x 12 = demand (D).
Order cost(s) = $20
Holding cost = $2 x 0.30 = $0.60
[tex]\sqrt{} ((2*D*S)/h) = EOQ\\\sqrt{} ((2*9000*20)/0.9) = EOQ[/tex]
EOQ = 632.455 clay pots
How is the economic order quantity calculated?You will require the following variables to calculate the economic order quantity: cost of setting up, cost of holding, and demand rate. The equation is: The EOQ is the square root of:2] / holding costs (setup costs x demand rate).
What is EOQ and how significant is it?The ideal economic order quantity of an item for inventory that businesses should purchase to reduce inventory costs includes: Costs of ordering: The expenses incurred by a business when placing an order for inventory are referred to as ordering costs.
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stormer company reports the following amounts on its statement of cash flow: net cash provided by operating activities of $33,000; net cash used in investing activities of $12,000 and net cash used in financing activities of $15,000. if the beginning cash balance is $6,000, what is the ending cash balance?
The ending cash balance is $12,000.
Net cash provided by operating activities 33000
Add: net cash from investing activities (12000)
Add: net cash from financing activities (15000)
Net change in cash $6000
Add: beginning cash balance $6000
Ending cash balance $12000
What is cash balance?The sum of net cash that a business has on hand is known as its cash balance. To cover any unforeseen net cash outflows, this money is maintained on hand. Businesses can find themselves unable to pay their expenses without this safety net.Normally, cash balances are put toward debt repayment or given back to investors in the form of a dividend. A cash balance is especially important for companies with large variations in the timing and volume of their net cash inflows and outflows.Contrarily, businesses with a lack of cash may be pushed to engage in unwanted activities in order to enhance their financial statements and acquire operating capital, which could result in their missing out on significant possibilities.Businesses that have a large cash balance suffer from a financial drag and frequently miss out on investment possibilities.To learn more about cash balance from the given link
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which of the following is one of deming's fourteen principles of management? set targets for the work force asking for zero defects and new levels of productivity. develop work standards (quotas) on the factory floor. institute a vigorous program of education and self-improvement. move toward multiple suppliers for any one item. establish the need for inspection on a mass basis.
Develop work standards (quotas) on the factory floor is is one of Deming's fourteen principles of management. The British Library, Peter Drucker: the father of management thought.
The activities that "plan, organise, and control the operations of the basic elements of [people], materials, machines, methods, money, and markets, providing direction and coordination, and giving leadership to human efforts, in order to achieve the sought objectives," are what are formally referred to as management principles. A manager's job is to give all efforts to achieving organisational objectives general direction and Develop. Increasing productivity through effective planning, organizing, controlling, and directing, management contributes to the business's increased efficiency.
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There are 8,536 dog owners in a town and a pet supply store wants to survey those owners to determine what types of dog-grooming services and supplies they prefer. The researchers want to have completed surveys from 4 percent of the owners and experience has shown that 60 percent of all people asked will complete a survey. How many people should be selected to participate in order to have the correct number of completed surveys?
The number of people that need to be selected for the researchers to have the correct number of completed surveys is 569 people
How to find the number of people?First, find out 4% of the number of dog owners in town as this is the amount of people that the researchers want to complete surveys:
= Number of dog owners in town x 4%
= 8, 536 x 4%
= 341 people
This 341 people would then need to represent only 60% of the number of people that need to be selected to participate as only 60% of people complete surveys.
The number of people to be selected is:
= 4% of the people / 60 %
= 341 / 60%
= 569 people
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pipeline corporation requires its employees to have a high school diploma. in a suit against pipeline under the civil rights act, the employer shows a connection between a high school education and job performance. this is
A high school diploma is a requirement for employment in pipeline corporation. An company asserts a link between a high school diploma and employment performance in a civil rights act lawsuit against pipeline. This justification is based on commercial need.
The legal theory used to support an employer's hiring practises that disproportionately impact a group of people is known as "business necessity." It support an employer's choice to employ hiring practises that disproportionately disadvantage a particular group.
Business necessity is defined as a specific practise that is thought to be required for effective or efficient business operation and has a clear reason for being used.
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which of the following are examples of controls used by a supervisor? group of answer choices planning and budgeting and performance appraisal systems and other feedback management by objectives (mbo) and performance standards planning and budgeting performance appraisal systems and other feedback all answer choices are correct
The process of ongoing communication & feedback a manager and employee aimed at achieving organizational goals is known as performance management.
What is performance standards planning ?Performance expectations must be precise, measurable, realistic, and documented in writing or another way. The standards ought to be specified in terms of the precise performance measurement tools that will be employed.
An articulation of the production initially given), requirement(s), or expectation(s) that must be met in order to be evaluated at a specific level of performance is called a performance standard. Each important component must have a Fully Successful (or comparable) standard created for it, and it must be mentioned in the performance evaluations plan.
The goal of performance management is to guarantee that the organization's strategic goals are met through ongoing feedback and communication among managers and their staff.
Five essential steps make up the performance management cycle. No of how frequently you evaluate employee performance, these measures are necessary.
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which organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated?
Matrix organization structure typically assigns workers two or more supervisors in an effort to make sure multiple dimensions of the business are integrated.
What do you mean matrix organization?
A matrix organization is a structure where there is more than one line of reporting managers.
What is an example of a matrix organization?
In a matrix organization, individuals work across teams and projects as well as within their own department or function. For example, a project or task team established to develop a new product might include engineers and design specialists as well as those with marketing, financial, personnel and production skills.
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