Products that are purchased to solve a sudden problem and a customer does not actively seek are unsought products.
Unsought Products are the ones that consumers do not normally go looking for, or about which the average consumer may not even be aware of, as is it may be a new brand. Thus, a consumer would prefer not to think about buying.
Unsought Products are the products purchased to solve a sudden problem. Thus, these products can include emergency products such as bandages and ointment and automobile parts which are used to repair a car.
Hence, the answer was given and explained above.
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Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements in consumption. Suppose that the price of oreos increases, how does this affect the market of tofu
Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?
The correct answer is decreasing in price will increase the quantity demanded.
Why does price decrease when demand increases?If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.
The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.
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What were the economic consequences of apartheid in south africa?.
Answer
Apartheid education policies lead to low rates of investment in human capital of black workers. Consequently, the economy falls to a lower level of physical and human capital in equilibrium and hence to a lower real income per capita in the long-run equilibrium
Answer: answer is
A C D
Explanation:
did it
suppose the price of gasoline increases and that sport utility vehicles get poor gas mileage compared to other availble cars. One would expect
Suppose the price of gasoline increases and that sport utility vehicles get poor gas mileage compared to other available cars. One would expect "the demand for sport utility vehicles to decrease".
What is increase in demand?A rise in demand indicates that consumers intend to buy more of the product at all cost ranges.
The demand for a good increases or decreases depending on several factor. Some are given below-
Price of Product: Lower prices increase demand, while higher prices decrease it. This is a result of consumer satisfaction levels. There won't be much demand for your product if people can't afford it.Tastes and Preferences: Families and lone shoppers have very diverse tastes. A family is more likely to buy kid-friendly items than a single person, who often solely buys items for themselves.Consumer’s Income: Consumers tend to spend more money and make more purchases as their wealth increases. Wealthier groups not only purchase more frequently, but they also favor more expensive, high-quality goods.Availability of substitutes: Regardless of what you sell, there will always be rival businesses. You must be aware of your rivals since, if you're not careful, they could reduce your market share.To know more about the factor that influences demand, here
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What is the term applied to the excess of net sales over the cost of merchandise sold?
Gross profit is the term applied to the excess of net sales over the cost of merchandise sold
This is further explained below.
What is Gross profit?Generally, The phrase "gross profit" refers to the amount of money gained by subtracting the cost of goods sold from the total amount of revenue earned.
In conclusion, On the income statement of retail and manufacturing businesses, the term "gross profit" refers to the amount of money earned before deducting the costs of running the business.
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Typically, when will the national bureau of economic research (nber) announce that the economy is in a recession?
the national bureau of economic research (nber) announces that the economy is in a recession, a year or more after the recession has begun
The specific time the economy entered a recession or an expansion is not given in the NBER chronology. The first month of a recession, according to the NBER's convention for determining its length, is the month that comes after its peak, and its final month is its trough.
The most recent dip occurred in April 2020; hence, April 2020 marked the end of the recession and May 2020 marked the start of the next expansion. months that experience peaks and troughs. PILT, nonfarm payroll employment, real personal consumption expenditures, wholesale-retail sales adjusted for price fluctuations, employment as determined by the household survey, and industrial production are some of these. There is no set formula for how measurements are weighted in our judgments or how they contribute information to the process.
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You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect?
If you want an idea of how many people to expect, so you would like to request RSVPs.
The Social Security Administration launched the Medicare national health insurance program in 1965. The Centers for Medicare and Medicaid Services are currently in charge of running the program.
Medicare (medical insurance) assists in covering the costs of some preventive services, outpatient care, home health care, durable medical equipment, and services from physicians and other healthcare professionals.
Low-income seniors are especially in need of Medicare coverage since they are less financially secure than their higher-income counterparts and have fewer resources available to them in the event of large medical expenses.
In light of the above, it is important to keep in mind that while you can ask for an RSVP, you are unable to get contact information. This will give you a better idea of how many people to expect.
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Under the path-goal theory of leadership, what type of leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved?
In achievement oriented leadership where leader behavior includes setting challenging goals for the employee with the expectation that those goals will be achieved.
What are the leadership behaviors in the path-goal theory of leadership?
The four categories of leadership conduct identified by the path-goal theory are:
Achievement-orientedDirective path-goal clarifyingSupportiveParticipativeWhat must leaders do for their employees according to path-goal theory?
According to the path-goal theory, achievement-oriented leadership conduct involves encouraging subordinates to perform to the best of their ability by establishing high standards, praising excellence, and expressing faith in subordinates' talents.
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Among the major channels of management communications, _____ is the predominant method of communicating
Of the major channels of management communication, the predominant method is B. Talking.
What channel of communication do managers prefer?Managers generally prefer to talk to their subordinates as they believe this would communicate their message more effectively.
This is why managers communicate by talking about 75% of the time with the other channels such as email sharing the remaining 25%.
Options for this question include:
A. E-mail
B. Talking
C. Texting
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What does it mean when an interface does not display configuration settings when using the show running-config and show startup-config commands?
B) It means the configuration is running with default settings.
You can use the show Interfaces command to view configurable parameters, get interface statistics on the router, verify that an interface is down, and display the IP address of each interface.
Which of the displayed switches will be the STP root bridge if the default parameters are used? SW1. How does STP protect redundant Ethernet networks? Protects against frames traversing Layer 2 domains.
The show running-config command displays the current running configuration on the FWSM. The running-config keyword can only be used with the show running-config command. You cannot use this keyword with no or clear, or as a standalone command, because the CLI treats it as an unsupported command.
The question is incomplete. Please read below to find the missing content.
What does it mean when an interface does NOT display configuration settings when using the show running-config and show startup-config commands?
Question 38 options:
A) It means the interface is not active.
B) It means the configuration is running with default settings.
C) It means the interface is configured the same as the following entry.
D) It means the interface is configured the same as the previous entry.
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According to the cdc, the price elasticity of demand for cigarettes is ____, which sugggests that a tax increase will ______ revenue.
According to the CDC, the price elasticity of demand for cigarettes is .3 to .5, which suggests that a tax increase will increase revenue.
The CDC stands for the Centers for Disease Control and Prevention, which is the national public health agency of the United States. According to CDC, the price elasticity of for cigarettes is .3 to .5, which indicates that a tax increase will increase revenue.
As smoking is a habit so hard to kick, demand for cigarettes is highly inelastic, which means that large price changes induce only small changes in the quantity demanded.
Hence, the price elasticity of demand for cigarettes is .3 to .5, which syndicates that a tax increase will increase revenue.
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If a price ceiling is not binding, then
Answer:
there will be a surplus in the market
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.
Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.
For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.
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Your question is incomplete. please read below to find the full content.
If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.
price inelastic.
quantity demanded.
relative price increase.
change in price.
Based on the data shown below, calculate the correlation coefficient (rounded to three decimal places)
The correlation coefficient of the data is 0.849.
What is the correlation coeffienient?
Correlation is a statistical measure used to measure the linear relationship that exists between two variables.
The closer the correlation coefficient is to 1, the stronger the correlation between the variables. If the correlation coefficient is positive, it means that the variables move in the same direction. if it is negative, it means that the variable move in opposite directions.
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A monopolistically competitive firm is one:
A monopolistically competitive firm is one of many firms that produce slightly different but very similar goods
Exclusive competition occurs when there are many companies offering products that are similar but not identical to the industry. Unlike monopolies, these companies have little power to curb supply or raise prices to increase profits.
There are no barriers to entry in monopoly competition. Therefore, the market is competitive in the long run and companies make normal profits. In monopoly competition, companies are not price takers (fully elastic demand) because they produce differentiated products. Demand is inelastic.
In essence, a monopolistical competitive market is so called because while companies compete to some extent for the same customer group, each company's products are slightly different from all other companies products.
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Use the following information (presented in random order) to complete an Income Statement and Balance Sheet. The name of the business is Future Tech, and the accounting period is the month of March, 2021. You will need to calculate the Capital amount for owner R. Lee. Remember: Add dollar signs and underlines in the appropriate places on both statements.
(Do it in an income statement too please)
The completion of the Income Statement and Balance Sheet for Future Tech. in the month of March 2021, is as follows:
Future Tech.
Income StatementFor the month ended March 31, 2021
Revenue:
Fees Earned $4,500
Expenses:
Advertising $800
Maintenance 790
Internet 600
Telephone 300 $2,490
Net income $2,010
Future Tech.
Balance SheetAs of March 31, 2021
Assets
Cash $600
Accounts Receivable 1,200
Supplies 350
Office Equipment 3,400
Total assets $5,550
Liabilities and Equity
Liabilities:
Accounts Payable $250
Bank Loan 1,800
Total liabilities $2,050
Owner's equity $3,500
Liabilities + Equity $5,550
What is a balance sheet?A balance sheet is a financial statement that shows the assets (what the entity owns) and the liabilities (what the entity owes outsiders) plus the equity (what the entity owes to the owner).
Thus, the capital amount for owner R. Lee is calculated to be $3,500 ($5,550 - $2,050).
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Under a typical listing agreement, what duties does the broker and the sales agent owe to the seller
The duties of the broker and the sales agent owe to the seller are:-
Build relationships with your customers.negotiations with customers.processing sales transactions.analysis of data and market trends.processing of sales transactions;Evidence of solid understanding of the company's products or services.Networking to attract potential clients.Sales agents are professionals your company hires to market your products and services while acting as brand spokespersons. Salespeople are often independent workers who earn commissions based on the amount they sell. Some salespeople work for commercial agencies that employ employees.
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In the _____ managerial style, the foreign policy process is treated as an open market or exchange of ideas.
In John F. Kennedy and George H.W.'s managerial style, the foreign policy process is treated as an open market or exchange of ideas.
Kennedy's foreign policy changed into domination by using American confrontations with the Soviet Union, manifested via proxy contests within the international state of hysteria called the bloodless war. Like his predecessors, Kennedy adopted the coverage of containment, which was supposed to stop the unfolding of Communism.
Kennedy did have one triumph of overseas policy: the Cuban Missile Crisis of 1962, the closest the sector has come to nuclear struggle.
After many long and difficult conferences, Kennedy determined to area a naval blockade, or a ring of ships, around Cuba. The purpose of this "quarantine," as he knew it, changed to prevent the Soviets from bringing in more army materials. He demanded the elimination of the missiles already there and the destruction of the websites.
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In the market for cell phones, if the supply of cell phones increases what will happen to the price and quantity of cell phones?.
If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.
What is the impact of an increase in the price of cell phones?
When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.
At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.
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Microsoft measures customers' willingness to not only return for another purchase but also make a recommendation to family, friends, or colleagues. Microsoft has found this to be a powerful technique, which can greatly increase revenue. The main advantages for Microsoft are a close correlation with company growth and the collection, interpretation, and communication of the data. This is an example of the _______.
The main advantages for Microsoft are a close correlation with company growth and the collection, interpretation, and communication of the data. This is an example of the net promoter score.
What is net promoter score?
Net promoter score can be defined as a form of marketing research technique or strategy that enables companies to know whether their customers will likely recommend their product to others.
Most companies make use of net promoter score so as to generate revenue or to increase sales.
Therefore the main advantages for Microsoft are a close correlation with company growth and the collection, interpretation, and communication of the data. This is an example of the net promoter score.
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The first step in estimating cash flow is to determine the _________ cash flows.
The first step in estimating cash flow is to determine the relevant cash flows.
Relevant cash flows are inflows and overflows of resources whose thought or ejection in the hypothesis assessment could influence the last endeavor choice.
This really expects that while making your capital spending plan, you will not consider cash or cash that has proactively been committed. Innovative work, factual reviewing, old tedious staff remunerations, and various costs won't be considered along with an errand's expected pay concerning thought for adventure examination.
For example, the cost of credibility studies can't be viewed as a relevant cost since whether the recommendation is supported or excused, the cost will go on as in the past.
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Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the caribbean. This action of stag industries is based on _____
Stag industries, annually rewards the top ten employees in terms of goal achievement with a trip to the Caribbean. This action of stag industries is based on Behavior modification theory.
Stag industries are a real estate investment trust which focuses on the acquisition and operation of industrial properties throughout the United States. Stag has developed an investment strategy that helps investors to find a powerful balance of income plus growth.
Behavior modification theory is an approach that, over time, may replace undesirable actions and behaviors with more desirable ones. Here it can be seen Stag industries desirable action and behavior, as they are annually rewarding the top ten employees in terms of goal achievement with a trip to the Caribbean.
Hence, the action of stag industries rewarding their employees is based on behavior modification theory.
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Academic calendars, setting of budget and tax rates, approval of textbooks, determination of course offerings, student handbooks, employment contracts, and school zoning are all decisions that are the responsibility of which part of school district leadership
Academic calendars, setting of budget and tax rates, approval of textbooks, determination of course offerings, student handbooks, employment contracts, and school zoning are all decisions that are the responsibility of board of trustees school district leadership.
What is board of trustees?Board of trustees can be defined as a person who responsibilities has be vested and has been chosen or selected to plan, control, manage and be in charge of the activities of an organization.
Hence, Academic calendars, setting of budget and tax rates, approval of textbooks, determination of course offerings, student handbooks, employment contracts, and school zoning are all decisions that are the responsibility of board of trustees school district leadership.
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cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal
An increase in price of cold cereal will increase the demand for oatmeal.
What is Demand?Demand in economics refers to a consumer's readiness to pay a particular price for goods and services as well as their desire to buy them. Demand for a good or service typically declines when its price goes up. The amount needed will rise when a product's price drops, in a similar manner. Consumers and businesses are quite familiar with the idea of demand because it makes sense and happens organically throughout the course of almost any day.For instance, when a product's pricing is low, shoppers who are keeping an eye on it will buy more of it. When costs increase, such as during a change in season, consumers may buy less or even nothing at all.
Therefore,
An increase in price of cold cereal will increase the demand for oatmeal.
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An entity that seeks to earn a profit by providing a good or service is known as a(n)?
An entity that seeks to earn a profit by providing a good or service is known as a business.
See the explanation below
What is the concept of a business?Simply put, a business is any enterprise established with the aim of making money or profit. A business can sell goods or provide services to customers or clients, although a business can operate for a long without making profits.
However, a point will come when there is no loss and no gain, this is when the business is said to have broken even.
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A stock’s contribution to the market risk of a well-diversified portfolio is called risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
A stock's contribution to the market risk of a well-diversified portfolio is called relevant risk. It can be measured by a metric called the beta coefficient, which calculates the degree to which a stock moves with the movements in the market.
What is Relevant Risk?Market-wide systemic risk or Relevant Risk is a given, reflecting the influence of monetary, geopolitical, and economic variables.Unsystematic risk, which affects a particular sector of the economy or type of security, is distinct from this sort of risk.Relevant Risk is frequently regarded as being challenging to avoid because it is entirely unpredictable.By creating a diversified portfolio, investors can partially lessen the effects of Relevant Risk.Other investment hazards, including industry risk, are driven by systematic risk. It is possible to diversify an investment portfolio by buying a variety of stocks in different industries, such as infrastructure and healthcare, if an investor has focused too much on cybersecurity stocks, for instance.To learn more about Relevant Risk with the given link
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Subdivision regulations imposed by developers in an effort to maintain control of the development of the subdivision are an example of ______.
An example of Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.
What is a Private land use control?This refers to a land control with a deed restrictions that limits what can be done on the property by the owner.
Hence, Private land use control is illustrated in a Subdivision regulations that is imposed by developers in an effort to maintain control of the development of the subdivision.
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Wayfair is deciding between two different catalogs to customers. one catalog costs $0.50 to produce, is 50 pages long, has a 5% conversion rate, and the average converted customer brings in $315. the second catalog costs $0.95 to produce, is 100 pages long, and a converted customer brings in $300. what does the conversion rate of the second catalog need to be in order to make the same amount of profit as the first catalog
The conversion rate of the second catalog need to be a minimum of 5.4% in order to make the same amount of profit as the first catalog.
What is conversion rate?Conversion costs are the manufacturing expenses needed to transform raw resources into finished goods.
To calculate the value of ending inventory, which is then recorded in the balance sheet, cost accounting uses the concept.
What is the computation for the above answer?Looking at the 1st catalog, the cost of production = 100 * $ 0.50
= $ 50.
This mean that the rate of conversion is 5 %.
Hence, the number of customers that the 1st catalog brings in is 5.
Therefore, the revenue generated is computed at:
5 * $ 315
= $ 1575, and
Profit is (Revenue less cost)
= $ 1575 - $ 50
= $ 1525.
Assuming that the conversion rate for the 2nd catalog is y%
Hence, for the second catalog, the cost is
100 * $ 0.95
= $ 95.
The conversion rate is y % so that the number of customers that the 2nd catalog brings in is y.
Therefore, the revenue generated is y * $ 300
= $ 300y; therefore,
The profit is $ 300y-95.
From the above, we can state mathematically that if the 2nd catalog will make the same amount of profit like the first, at the very least, then:
our function should be stated as follows:
300y - 95 ≥ 1525; that is
300y ≥ 1525+95; that is
300y ≥ 1620; hence
y ≥ 5.4
QED
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A coworker asks you for advice on how to communicate a strict deadline in a request message. What advice would you give
I would advice to set an end date to take action in the closing for strict deadline. For any business concerned with growth, which is almost every business, deadlines are crucial. Every organization strives to improve upon itself.
The impact of deadlines on a company's profit curve is significant. This is so because the main element driving a company's success is time management. Any workplace culture will keep you on the clock and under pressure to get the most out of the office environment. This method does not, however, always succeed because those who cannot handle strict deadline may just quit their jobs.
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Internal performance measurements focused on the extent to which employees are using a crm system as intended are known as ________.
Internal performance measurements focused on the extent to which employees are using a CRM system as intended are known as Human Resource Management.
In order to manage and analyze customer interactions and data across the customer lifecycle, businesses employ a combination of practices, strategies, and technologies known as customer relationship management (CRM).
The objective is to strengthen interactions with customers in order to promote client retention and increase sales.
CRM systems gather information about customers from various points of contact between them and the business, such as the company's website, the company's phone line, direct mail, marketing materials, and social media.
CRM systems can also give staff workers who deal with consumers in-depth knowledge of their personal data, purchasing history, shopping preferences, and issues.
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bridgeport company changed depreciation methods in 2020 from double-declining-balance to straight-line. depreciation prior to 2020 under double-declining-balance was $89,400,
Based on the depreciation prior to 2020, the beginning balance when 2020 began was $146,100
What was the opening balance?The opening balance can be found as:
= Cost of depreciable assets - Accumulated cost under double-declining balance
This gives:
= 235,500 - 89,400
= $146,100
This is the opening balance on the depreciable assets because the net book value of a fixed asset is found by deducting accumulated depreciation from the cost.
The accumulated depreciation in this case was $89,500 so it will be deducted from the $235,500 cost.
The rest of the question is:
Bridgeport Company changed depreciation methods in 2020 from double-declining-balance to straight-line. Depreciation prior to 2020 under double-declining balance was $ 89,500 whereas straight-line depreciation prior to 2020 would have been $ 45,500. Bridgeport's depreciable assets had a cost of $ 235,500 with a $ 36,900 salvage value, and an 7-year remaining useful life at the beginning of 2020.
What is the beginning balance in 2020?
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The depreciation expense using the straight-line method would have been $44,700
What is the double-declining balance method?
It is a method of depreciating assets where the amount charged each year as depreciation is twice that of the depreciation expense that would have been if the straight-line depreciation method was used.
Depreciation rate using double declining method=100%/useful life*2
the "2" in the formula means double-declining, and the rate of depreciation is 200% of the straight-line method
useful life=assuming it is 5 years
Depreciation rate using double declining method=100%/5*2=40%
What is a straight-line method of depreciation?
It is the method where the depreciation expense per year is the asset cost minus residual value divided by the asset's useful life.
If the depreciation expense using the double-declining balance method in 2020 was $89,400, it means the depreciation expense under the straight-line method would have been half of that(i.e.100%/200%)
depreciation expense(straight-line method)=$89,400*100%/200%
depreciation expense(straight-line method)=$44,700
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