When firms leave a perfectly competitive market, prices rise but then return to their old levels as demand automatically adjusts. Here option D is the correct answer.
Because in perfect competition, the market price remains constant in the long run. And a single firm cannot change the market price because many are in a perfectly competitive market.
According to economic theory, perfect competition occurs when all firms sell identical products, market share does not affect prices, firms can enter or exit without barriers, buyers has perfect or complete information, and the business cannot determine the price.
For example, when we assume that a large company exits the market and the market supply decreases in the short run, prices are high in the short run and the firms generate supernormal profits in the short run, but in the long run. term, new firms are entering the market. for this benefit and the conditions of free entry.
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games offer brands each of the following except: a. a targeted audience b. a low level of engagement c. a way to interact with brand fans d. low intrusion methods of promotion e. large reach
Games offer brands each of the following except a low level of engagement. So, the correct answer is option b.
A brand is a concept used in business and marketing to help consumers recognise a specific organisation, item, or person. As a result of their intangibility, brands cannot be physically touched or seen.
They so assist in influencing how people view organisations, their goods, or particular people. Brands frequently employ distinguishing characteristics to build their identities in the marketplace. They offer the business or person great value, giving them an advantage over rivals in the same industry.
As a result, numerous organisations apply for trademarks to protect their businesses legally. A brand is an intangible asset that aids in the identification of a particular business and its goods by consumers. This is especially true when businesses must differentiate themselves from rivals that offer comparable products online.
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uspap standards require that, when using the sales comparison approach, appraisers use how many comparables?
When using the sales comparison approach, USPAP has no requirement regarding the number of comparable sales.
What exactly is a comparable sales approach?
The comparable sales or market approach is a real estate appraisal technique that is frequently used to determine the value of the real estate in an eminent domain proceeding. The value of a property is determined by comparing it to other properties with similar features that have recently sold.
In the sales comparison approach, a minimum of three closed comparables must be reported. Additional similar sales may be reported to promote the appraiser's opinion of market value.
Therefore, If the subject property was previously closed, it can be used as a fourth comparable sale or as supporting data.
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The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The manager should charge a rent of $2500 to maximize the revenue from the apartment complex and increase the profit
x = $20 increases
Price=$1000+20x
Quantity=150-x
The first step is to find revenue by coming up with an equation
Revenue=Price × Revenue
R(x)=(1000+20x) (150-x)
The second step is to maximize the revenue
R(x)= - 20x^2 + 2000x + 150000
The third step is to find the derivative and set it to zero
R(x)=2000x - 150000
150000=2000x
x=75
The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(75)
Price=$1000 + 1500
Price=$2500
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from an operational perspective, yield management is least effective under which of the following circumstances? multiple choice demand is highly variable. demand can be segmented by customer. the product can be kept to be sold when demand is stronger. fixed costs are high, and variable costs are low. the product can be sold in advance.
The answer is the product can be kept to be sold when demand is stronger.
The situations of a particular state of affairs are the conditions that have an effect on what takes place.
A condition is a situation in which something happens. Say you had been at a commercial enterprise luncheon and also you were by accident fed psychedelic mushrooms on your ravioli, your boss may excuse the bizarre belongings you said, given the situation. circumstance comes from the Latin that means the conditions around something.
A scenario is a set of occasions in which one finds oneself. And a condition is a truth or circumstance linked with or relevant to an event or motion. To it seems that placed it, a scenario is an element it is occurring and the condition is the situation of that element.
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the three additional ps of services marketing that extend the original four ps of marketing are: process, people, and prosperity?
The three additional PS of services marketing that extend the original four ps of marketing are: process, people, and physical services.
Product, pricing, promotion, and place are a few crucial elements to take into account when creating a marketing plan, and the four Ps are a marketing industry standard. What you're selling, how much you're charging, how you're going to advertise it, and where you're going to sell it.
Although these four Ps are significant, this essay is not about them. Instead, we'll discuss the three frequently overlooked Ps of marketing—people, process, and physical environment—which are particularly relevant to service organizations.
You can make business decisions that will define your marketing strategy and operations with the aid of the marketing mix pillars. Finding these pillars reveals what you require, your company's strengths, and areas for development.
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a7x corporation just paid a dividend of $1.60 per share. the dividends are expected to grow at 25 percent for the next 9 years and then level off to a growth rate of 5 percent indefinitely. if the required return is 14 percent, what is the price of the stock today?
The price of the stock today is $42.78
The relationship between a stock's intrinsic value and its dividend payments is established by the dividend growth model. The value of the stock is the present value of all the dividends discounted at the required rate of return, and it is assumed that dividends increase at a constant rate.
D0 = $1.60
The growth rate for the next 9 years = 25%
D9 = D0 * (1 + 0.25)^9 = $11.92
Growth rate afterwards, g = 5% = 0.05
D10 = D9 * (1 + 0.05) = $12.516
Let the price after 9 years be P9
Required return = 14% = 0.14
[tex]{}P9 = \frac{D10}{r - g} \\[/tex]
= 12.516/0.09 = $139.06
Calculating the present value of the stock:
[tex]{}P0 = \frac{P9}{(1 + 0.14)^9}\\ \\P0 = $42.78[/tex]
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according to supply-side fiscal policy, reducing tax rates on wages and profits will: create demand-pull inflation. True or False
According to supply-side fiscal policy, reducing tax rates on wages and profits will: create demand-pull inflation. True
Fiscal policy is the use of authorities' spending and taxation to influence the economic system. Governments generally use financial coverage to sell robust and sustainable increases and reduce poverty.
The 2 foremost examples of expansionary fiscal policy are tax cuts and expanded government spending. each of those rules is meant to increase the aggregate call even as contributing to deficits or drawing down price range surpluses.
Fiscal policy is basically based totally on ideas from British economist John Maynard Keynes. Keynes argued that governments may want to stabilize the business cycle and adjust financial output in place of permitting markets properly themselves alone.
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which of the following will most likely reduce the natural rate of unemployment? group of answer choices an increase in the minimum wage an increase in unemployment benefits an increase in the proportion of prime-age workers (35-54) as a share of the labor force an increase in the labor force participation rate of teenagers
Option 2. An increase in the minimum wage an increase in unemployment benefits would most likely reduce the natural rate of unemployment.
What is meant as the natural rate of unemployment?The lowest rate of unemployment that exists while inflation is steady or when it is not increasing is known as the natural rate of unemployment. Many economists still differ, however, over the precise degree of unemployment that should be regarded as the natural rate of unemployment.
When someone actively seeks job but is unable to do so, this is referred to as being unemployed. One important indicator of the state of the economy is unemployment.
The unemployment rate is the most often used indicator of unemployment. It is computed by dividing the total labor force by the number of jobless people.
Numerous governments provide unemployment insurance to certain unemployed people who meet the criteria. There fore the best solution to the question that we have is B.
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What type of market competition is described in the following passage?
Local power plants are typically the sole providers of electricity in their communities, and thus have significant control over output and prices. This market structure is an example of a(n) ______
Since they are frequently the only sources of electricity in their localities, local power plants have a large amount of control over output and costs. This type of market arrangement is a monopoly.
What is Monopoly?
A scenario known as a monopoly occurs when one company or individual controls the supply of a good or service. A mopolisitic market structure results from the circumstances.
As the name suggests, a monopolistic market is one where one corporation dominates the whole industry. In other words, there is simply one business that caters to the general population.
Due to the company's status as the sole provider, it is able to increase prices, limit output, and make above-average profits.
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nour's responsibilities include creating organizational goals and overall strategy for the organization. in terms of her level in the organization, which type of manager is nour
Nour is a Top manager whose responsibilities include creating organizational goals and overall strategy for the organization.
In addition to setting rules, standards, and strategic goals, top management is also in charge of leading and directing quality management efforts inside the company. For a range of management system procedures, it should also identify the parties in control and hold them accountable. The top managers' responsibilities include setting the stage for change, cultivating ownership and commitment attitudes, fostering a healthy corporate culture via words and deeds, and keeping an eye on the external business environment.
Top-level managers are in charge of managing and supervising the whole company. Executing organizational plans that adhere to corporate policies is the responsibility of middle-level managers. Setting goals and making choices for the entire organization are among top-level managers' duties.
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indicate(s) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals. a. web traffic b. online reputation c. social capital d. kpi (key performance indicator) e. brand personality
Indicate KPI (key performance indicator) a metric that indicates whether a web site is achieving its goals. these help an organization define and measure progress toward organizational goals.
Key performance indicators (KPIs) are targets that help you track your progress toward your most strategic goals. While organizations might have a web site of indicators, KPIs are targets that are "critical" to your company's performance. Key performance indicators, or KPIs, should be linked to a specified business outcome and a performance metric. Consider the following example of how to create a KPI: Your company's goal is to increase monthly recurring income, so your team establishes a sales growth KPI.
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during market testing, sensation cosmetics (sc) realized that the cosmetics industry was dominated with multiple, well-established brands. these brands mostly sold their products in exclusive outlets and departmental stores. a new entrant like sc would require a different business model to be successful. thus, sc started selling its products through direct marketing. in this scenario, sensation cosmetics accomplished substitution primarily through:
Direct marketing was used by sc to start selling its goods. In this case, Sensation Cosmetics largely achieved substitute through Strategic Equivalence.
Strategic equivalence refers to the use of a strategy that, when marketing compared to other strategies used by the market's current competitors, is similar in terms of the risk put into it and the rewards anticipated as a result.
To put it another way, when SC began selling its products through direct marketing, it could have targeted the same market as other established Brand players, anticipating similar returns for the products compared to what the other Brands would be earning from the same base of marketing audience, thus resorting to Strategic Equivalence, without imitating the same strategies to capture the market as in the case of the current players.
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the fact that historical returns on treasury bonds are less volatile than common stock returns indicates that:
The fact that historic returns on Treasury bills are much less volatile than common inventory returns shows that: common shares must offer a higher return than Treasury bills
What does a Treasury consignment do?When an investor buys a Treasury Bill, they are lending money to the government. The US Government uses the cash to fund its debt and pay ongoing expenses such as salaries and army equipment. T-Bills are offered in denominations ranging from $1,000 (standard) up to a most of $5 million.
What are treasury payments with examples?Treasury payments or T-bills, which are money market instruments, are brief term debt devices issued by means of the Government of India and are at present issued in three tenors, namely, ninety one day, 182 day and 364 day. Treasury payments are zero coupon securities and pay no interest.
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https://brainly.com/question/27990913#SPJ4well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices. a. true b. false
Well-designed stock option-based compensation plans should have the option strike prices substantially lower than the current stock prices.
FALSE
Inventory includes the shares of which possession of an organization or organization is split. A single share of the stock means fractional possession of the organisation in share to the overall number of shares
Stock are an funding meaning you very own a proportion within the enterprise that issued the stock. honestly put, stocks are a manner to construct wealth. that is how normal human beings invest in a number of the maximum a success companies within the international. For groups, shares are a way to elevate money to fund growth, products and different initiatives.
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in response to an increase in total factor productivity group of answer choices the labor demand shifts to the left but the labor supply shifts to the right. the labor demand shifts to the right but the labor supply shifts to the left. both the labor demand and the labor supply shift to the left. both the labor demand and the labor supply shift to the right.
In response to an increase in total factor productivity the labor demand shifts to the left but the labor supply shifts to the right.
In economics, an employer's labor demand is the number of hours of work an employer is willing to employ based on a variety of exogenous variables faced, such as wage rates, unit prices of capital, and market-driven selling prices. Its output, etc.
Labor demand is defined as the amount of labor an employer is willing to employ in a given period of time at a given wage rate. The demand for labor as a factor of production is derived from demand. For labor is required not for its own sake, but for its contribution to the production of goods and services.
Labor demand and supply are determined by the labor market. Labor market participants are employees and businesses. Workers offer jobs to companies in exchange for wages. Companies demand jobs from workers in exchange for wages.
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what is the present value of 2900 to be recived at the beginning of each of 30 periods, discounted at 5% compunded interest
The present value of 30 periods will be $12,533,800.
Present value (PV) can be described as the future value of a future sum of money or stream of cash flows given a specified rate of return. Present value takes the future value and applies the discount rate or interest rate that can be obtained if invested.
To know how much interest over a period of time is by the equation below:
PV = Fv/ (1+r)ⁿ
Based on the scenario, we know that
Fv = face value = $2,900
r = rate of return = 5% = 0.05
n = number of time = 30
PV = Fv x (1+r)ⁿ
PV = $2,900 x (1+0.05)³⁰
PV = $2,900 x 4,322
PV = $12,533,800
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memphis company anticipates total sales for april, may, and june of $850,000, $950,000, and $1,000,000 respectively. cash sales are normally 20% of total sales. of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. compute the amount of cash received from credit sales during the month of may.
The sales during the month of May amount to 1,90,000$ , according to the given figures.
What do you mean by sales?A sale is an arrangement in which a seller trades money for the sale of tangible or intangible goods, assets, or services between a buyer and a seller. In a sale, there are usually two or more parties involved. One can think of a sale or a contract between two or more parties, such as the buyer and seller.
What occurs during a sale?A sales process is a set of repeatable steps that a salesperson employs to move a potential customer from a state of awareness to a closed sale. The typical five to seven steps in a sales process are prospecting, preparation, approach, presentation, handling of objections, closing, and follow-up.
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At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of ____, which ____ producer surplus.
At the wholesale club, one can buy toothpaste at a lower unit price if one buys six tubes of toothpaste at once. This is an example of imperfect price discrimination, which increases producer surplus.
In a business, price discrimination occurs when the producer of a product decides to set his own value or price for the product as a strategy to improve output from the product.
The producer surplus can be described as the revenue that is generated by a producer after selling his product.
Imperfect price discrimination can occur if a producer decides to lower the price of a product, as the toothpaste above, on the condition that a set quantity of the product is bought by the customer. As more product will be sold by this imperfect price discrimination, the producer surplus will increase.
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a company began its fiscal year with inventory of $202,000. purchases and cost of goods sold for the year were $961,000 and $995,000, respectively. what was the amount of ending inventory reported in the balance sheet?
$168,000 was the amount of ending inventory reported in the balance sheet.
Given, $202,000 was the initial inventory value at the start of the fiscal year. Total annual purchase = $961,000 and Cost of Goods Sold = $995,000 for the entire year.
Using the following formula, we can determine the amount of ending inventory: Inventory + Net Purchases - Cost of Goods Sold
$202,000 + $961,000 - $995,000 = $168,000 is the Ending inventory.
The amount of inventory a business has on hand at the end of its fiscal year is known as ending inventory. It has a strong connection to ending inventory cost, which is the sum of money spent acquiring these products for stock.
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When i look back on the decisions i've made, it's clear that i made some of my best choices not through a thorough analytical investigation of my options, but instead by trial and error and, often, simply by accident. the somewhat random aspect of my success or failure is, at the same time, both encouraging and scary?
According to constructivists, human "knowledge is not part of an objective, external reality that is separate from the individual."
When major organizational changes are initiated, it is frequently assumed that training?Original Information: People in positions of authority typically initiate major changes. A common misconception is that training will "solve the problem." As a result, in the hands of non-committed users, potentially useful innovations are mishandled or even ignored.
People tend to assume when major top-down changes are initiated in organizations?People often think that members of an organization will need training to help them change their behavior when major top-down changes are made. Even though training might be helpful, employees might still not do what management wants them to do if they aren't willing to accept the changes.
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adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) director.
adam miller is a general partner in a venture capital firm that just funded gold coast software, a software firm in santa barbara, california. gold coast software is incorporated, and adam has taken a seat on the firm's board of directors. in board of directors terminology, keith is a(n) outside director.
a person who works for oneself, manages their own time and resources, uses their own tools and equipment, and provides services to a variety of clientele.
One of the most reliable indicators of future entrepreneurial achievement is prior entrepreneurial experience. The complexity of starting a new business makes it advantageous for entrepreneurs to have past start-up expertise.
You will increase your employability by developing and using your critical thinking, teamwork, professionalism, work ethic, oral and written communication, and leadership abilities.
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what type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door?
RFID badge is a type of employee badge does not have to be swiped by a card reader in order to allow the employee through a door.
Dialoc ID RFID staff stations are useful electronic tools for library employees to convert, check-out, return, or renew library goods.
A RFID (Radio-Frequency Identification) key fob is a single component of an RFID system that consists of two components: a microchip for data storage and an antenna for receiving and transmitting data. ISO Cards of LF 125 KHz, often called as employee badges or hotel room cards, are widely used for access control and security purposes.
This is communicated to the program, which stores it. These technologies are also used to track inventories in retail environments. RFID tags are now embedded in ID cards, key fobs, and other timekeeping devices.
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question mode multiple choice question which of the following is the correct statement about fixed costs? multiple choice question. the fixed cost per unit will increase when volume increases. the fixed cost per unit will decrease when volume decreases. the fixed cost per unit does not change when volume changes. the fixed cost per unit will decrease when volume increases.
Answer:
The fixed cost per unit will decrease when volume increases.
Explanation:
The fixed cost per unit will decrease when volume increases.
What is a fixed cost?
The costs which don't change even with an increase or decrease in the number of goods or services produced or sold are known as fixed costs.
However, the fixed cost changes with a change in the volume of production. The fixed cost per unit will decrease when the volume of production increases for that particular product.
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goals and objectives are an essential part of planning in that they allow an organization to do what four key activities?
The four key activities of organization planning are
1) Setting up the company-wide goals derived from corporate strategy.
2) Determining the team and department-level goals.
3) Collaboratively setting up the individual-level goals that are aligned with corporate strategy.
4) Developing the action plan.
Organization planning:
Organizational planning defines how business owners organize the day-to-day operations of a business.
Given,
Here we need to find the goals and objectives are an essential part of planning in that they allow an organization to do in the organization key activities.
According to the organization planning, the list of four important key activities in planning are listed as follows:
1) Provide guidance and direction;
2) Facilitate planning, motivate and inspire employees;
3) Help organizations evaluate and control performance.
4) Create the action plan.
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a house contains 1,816 square feet. it was constructed in 2000 at cost of $74.24 per sf. the cost index at that time was 112.7. the current cost index is 164.2. what is the estimated cost to build the house today?
The following equation can be used to calculate value using the cost technique. Land value plus property value (Cost New - Accumulated Depreciation).
The approach that appraisers use most frequently to calculate the cost of replication is the square footage method. Cost Approach: This method calculates the value of real estate by subtracting the depreciation from the cost of building a new structure on the property and adding site value. Market value might not match value determined. The most popular and straightforward depreciation approach is this one. Equipment that depreciates steadily over time is what it is most commonly used for. According to generally recognized accounting standards, the straight-line technique is the simplest and most often used methodology to compute depreciation.
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fragmental company leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $1,000. fragmental collected the entire $8,000 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made by fragmental company on december 31 would be:
Accounting requires the recognition of adjusting entries to conclude the company's accounting cycle. It ensures that the financial statements' balances are accurate to a reasonable degree.
On October 1, Fragmental Co. must record the $8,800 cash receipt in its book of accounts. Cash $8,800
Which of the four adjustments are they?Four Methods for Changing Journal Entries
Accrued Costs Revenues accruedexpense deferredRevenues on hold.What are examples of adjusting entries?Adjusting entries bring previous journal entries up to date, allowing revenue and expenses to be recognized when they occur. Let's say, for instance, that you bill a customer in December for $1000 in service. After the previous accounting period has ended, they then pay you in January or February.
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alain is a sales representative for an established awnings manufacturer. business is good, but he is concerned that the company has spent little on new product development and has not created a new product in over five years. without new products, alain can market his current products only to his current customers or market the same products to similar customers. diversify. focus on concept testing. intensify his prototyping. expand his early adopter market segment.
Alain will market the same products to similar customers.
From the given information we know that the only choice that Alain has in the given case is to market the same product to similar customers. Alain doesn't have the power, knowledge, and capacity to diversify and prototyping. And also considering the fact that if there is no new product in the market there will be quite less chance that one can target a new market segment, and we know from the fact sales and marketing are the pillars of any business. Thus, we can conclude that the correct option is the last statement.
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true or false: the principles of management are similar for a small neighborhood business and a giant global firm.
It is true that the principles of management are similar for a small neighborhood business and a giant global firm.
Any company that wants to be effective and accomplish its goals needs management. Without a leader, the organization would be in a state of chaos, with little structure and little to no concentration.
The four fundamental tasks of management are stated to be planning, organizing, leading, and controlling. Without these management principles in place, it stands to reason that a company would struggle to accomplish its goals—or even to come up with goals at all! Henri Fayol wrote a famous theory on the fundamentals of management. By using 14 concepts, it attempts to categorize management. We'll look at these fundamental management ideas and describe them using simple language.
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a wholesaler that carries a narrow range of products and performs all channel functions is referred to as a
a wholesaler that carries a narrow range of products and performs all channel functions is referred to as a specialty merchandise wholesaler.
What are wholesalers?Purchasing items in bulk at a reduced cost from a manufacturer and selling them to a retailer at a higher price for them to repackage and then sell to customers in smaller quantities at an even higher price is known as wholesaling.A company known as a wholesaler is one that purchases goods in bulk from the producer and then resells them in smaller quantities.A company that sells smaller quantities of goods directly to customers is a retailer.Products can be purchased from a wholesaler or directly from the manufacturer.To learn more about wholesaler refer,
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A sales representative sells products from two competing companies without disclosing to either company. Which agent duty owed to a principal applies to this situation?.
By selling products from two competing companies without disclosing to either company, the principal duty that is applied to this situation is conflict of Interest.
In the field of business, a conflict of interest can be described as a situation where the employee chooses a personal gain over his responsibilities as a worker of a company. He might produce a negative impact for the company while gaining for something personal.
In the scenario above, by working for two rival companies at the same time, the sales representative is choosing a personal gain over his responsibility as an employee to both the companies.
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