When new firms have an incentive to enter a competitive market, their entry will shift the market supply curve to the left. A competitive market is an economic word that refers to a marketplace with a large number of customers and sellers where no single buyer or vendor can influence the market.
Competitive markets have no entry barriers, a large number of customers and suppliers, and homogeneous products. Perfect competition, monopolistic competition, oligopoly, and monopoly are the four types of economic market structures. A competitive market is one with the greatest amount of competition feasible. It is also known as a perfectly competitive market because it has many buyers.
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according to the constant growth dividend discount model the price of a stock whose dividend is growing at a rate g will:
The constant growth dividend discount model predicts that the price of a company whose dividend grows at a rate of g percent will rise over time at a rate of g percent. Thus, the right option is Increase overtime at the rate of g percent.
How do companies calculate dividends?A dividend is a revenue payment provided to shareholders by a company. When a company makes a profit or has a surplus, it can pay out a portion of its profits to shareholders in the form of a dividend.
Divide the number of outstanding shares by the dividend payout per share. For example, if a corporation's board of directors declares a dividend payment of $. 30 per share on 50,000 shares, the dividend payment equals $. 30 x 50,000 = $15,000.
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the manager of a manufacturing company knows that they will need a new machine in one of their factories. the new machine will cost them $13,700. the manager has determined that they can afford to pay 15% of the cost of the machine in cash. they can then finance the rest through a credit union. the credit union will charge 2% per year compounded monthly. how much are their monthly payments for 4 years? a) $274.39 b) $381.28 c) $252.64 d) $233.23 e) $297.22
Option b; The monthly payments for 4 years is $381.28.
I = 2% per year compounded monthly, so i monthly = 2%/12
N = 4 years = 48 months
P = 13,700 - (13,700*15%) = 11,645
A = P(A/P,i%,N) = 11,645 (A/P,2%/11,645) = 11,645 (0.028643) = $381.28
A payment is the voluntarily made exchange of money, its equivalent, or other valuables by one party (such as an individual or business) for another's goods, services, or to satisfy a legal obligation. Payer refers to the party sending the money, whereas payee denotes the recipient of the payment.
Numerous methods exist for making payments, such as:
utilizing cash, a check, a debit, credit, or bank transfer—whether using a mobile payment app or not—to transfer anything of value, such stock, or by bartering one commodity or service for another.
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wally, incorporated issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The issue price of bond is $ 92,561.
What is bond issue price ?
An IOU-like debt security called a bond. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds.
The bonds will mature on the maturity date, at which point the financial institution will pay the creditor the bond's face value.
The price that the bond issuer initially offers the bonds is known as the issue price. Bonds are frequently issued at par.
By applying a discount rate to the predicted cash flows, one may calculate the price of a bond. The time to maturity, credit ratings, and demand and availability are the three main factors that affect the price of bonds on the open market.
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a decrease in accumulated depreciation is most likely to result from: a) selling or disposing of a long-lived asset. b) increasing the salvage value of a long-lived asset. c) decreasing the estimated useful life of a long-lived asset.
The cumulative depreciation of an asset up to a single point in its life is known as accumulated depreciation.As a counter asset account, accumulated depreciation's natural balance is a credit that lowers the asset's total value.
According to generally accepted accounting principles (GAAP), the matching principle requires that expenses be allocated to the same accounting period during which the relevant revenue is realized.
A business will deduct a portion of an asset's value through depreciation over the course of each year of its useful life.This means that the expense related to using up the asset is reported every year it is put to use and generates income.
The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.The beginning cumulative depreciation balance is increased with each period's depreciation expense.
In the balance sheet, an asset's carrying value is determined by subtracting its accumulated depreciation from its historical cost.An asset's carrying value on the balance sheet will correspond to its salvage value at the end of its useful life.
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you invest $100 in a risky asset with an expected rate of return of 0.11 and a standard deviation of 0.20 and a t-bill with a rate of return of 0.03. what percentages of your money must be invested in the risk-free asset and the risky asset, respectively, to form a portfolio with a standard deviation of 0.08?
46% of the funds are placed in risk-free assets, whereas 54% are invested.
Investing $100 in a risky asset with an expected rate of return of 0.11 and a standard deviation of 0.20
T-bill with a rate of return of 0.03. what percentages of your money must be invested in the risk-free asset and the risky asset
8% in portfolio return
3.50%
W1 = Weight of Asset 1 + Return on Risky Assets
(Return on risky assets)
Riskless return
=W1×11 % +(1−W1)×4.5%
=6.5%W1
=54% /W2 =(1−W1)
=(1−54%) /=46%
As a result, 54% of the money is put into risky assets, while 46% is put into risk-free assets.
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herman company has three products in its ending inventory. specific per unit data at the end of the year for each of the products are as follows: product 1 product 2 product 3 cost $ 40 $ 110 $ 70 replacement cost 38 105 60 selling price 60 140 74 selling costs 5 48 12 normal profit 25 50 32 required: what unit values should herman use for each of its products when applying the lower of cost or market (lcm) rule to ending inventory
The replacement cost for product 2 is 85, and the market value, which excludes the typical profit margin, is $80. Since the market value is less than the replacement cost, we do not include the regular profit margin.
We use the lower of cost or market (LCM) criteria in this case, as indicated below:
For product 1,
The price is $20.
Market value = Selling price - selling cost - normal profit margin
= $40 - $6 - $5
= $29
Thus, $20 would be the lower value.
For Product 2
The Cost is $90
Market value = Selling price - selling cost
= $120 - $40
= $80
Thus, $80 would be the lower value.
For Product 3
The Cost is $50
Market value = Selling price - selling cost - normal profit margin
= $70 - $10 - $12
= $48
Therefore, $48 would be the lower value.
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what is the defence of set off and why is it important in the context of an assignment of contractual rights? (2 marks)
Setoff cannot be used as an affirmative defense or to obtain affirmative relief.
The affirmative setoff defense may only be used defensively, and it does not allow recovery of the damages sought to be offset against the recovery of the opposing party, according to precedent established by the California Supreme Court.
The term "setoff" describes a creditor's legal ability to subtract a debt owing to a debtor from a claim the debtor faces due to a different transaction. Recoupment, as opposed to indemnification, demands that the claims be based on the same transaction.
The Bankruptcy Code acknowledges and upholds rights granted under non-bankruptcy law rather than establishing a new body of law that permits setoff or recoupment. To set off or reclaim a debt, a creditor must show both a claim and a legal basis under local, state, or federal law.
Recoupment and setoff are examples of affirmative defenses or counterclaims. The distinction is meaningless outside of bankruptcy.
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serena is trying to sell a new line of ultrasound imaging equipment. unlike existing technology, these machines are compact, creating the potential for general practice physicians to have and use them in their offices. serena is trying to identify innovators in her market, knowing these customers will most likely buy one for each office in their practices. reposition his products. not need any service or support when using the product. spread positive word-of-mouth to other physicians. create demand among the late majority.
Serena is trying to identify innovators in market, knowing these customers will most likely buy one for each office in their practices.
What is innovation?Innovation is the practical application of concepts that leads to the launch of new products or services or enhancements in the provision of existing products or services. Innovation is described by ISO TC 279 in the standard ISO 56000:2020 as "a new or altered entity realizing or redistributing value." Others have other meanings; a recurring theme in the definitions is a focus on the novelty, development, and dissemination of ideas or technologies. Innovation frequently occurs as a result of the creation of more efficient goods, procedures, services, technology, works of art, or business models that innovators make available to consumers, governments, and society. Innovation and invention are connected, but they are not the same thing. Innovation is more likely to involve the practical application of an invention to have a significant impact on a market or society.
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Your company sells 19 units at a price of $10 and must change price to $9. 90 in order to sell 20 units. What is the marginal revenue of the twentieth unit?.
The marginal revenue of the twentieth unit is $8.00. Thus, option A is correct.
What is marginal revenue?The volume of productivity and also the pricing per unit of an item that should maximize shareholder value are determined by economic metrics such as the costs of manufacturing as well as the contribution margin ratio.
The company produces 19 units for $10, but in order to sell 20 units, the price must be reduced to $9.90.
The initial price that is consumed will be
= 19 units * $10
= 190
The new price that is taken will be
= 20 units * $9. 90
= 198
The change in the price will be
= 198 - 190
= $8
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
$8.00
-$.10
$9.90
$198.00
what was the geometric average return for a stock that had the following annual returns over the past 4 years: 17.00% (4 years ago), 13.00% (3 years ago), -16.00% (2 years ago), and 40.00% (last year)?(round the value to 100th decimal and please enter the value only without converting it to a decimal format. if the answer is 8.55%, enter 8.55)
The geometric average return for a stock that had the following annual returns over the past 4 years is {( 1 + 0.48 ) ( 1 + - 0.23 ) ( 1 + 0.15 ) ( 1 + 0.12 )} * (1/4) - 1 = 0.1007 = 10.07%.
What is Geometric average ?You would multiply the two numbers together and then take the square root of the result to determine the geometric mean of the two values.
By multiplying n variables and then taking the nth -root, one can calculate the geometric mean, which represents the average growth of an investment. In other words, it is a metric used to assess the performance of a single investment or an investment portfolio. It is the average return on an investment over time.
The geometric mean multiplies and determines the value's root, unlike the arithmetic mean, which is based on adding and subtracting quantities.
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Which pricing strategy appeals to consumers because it reduces their need to spend time comparing prices at various stores?.
Everyday Low Price (EDLP) is the pricing strategy that appeals to consumers because the strategy reduces their need to spend time comparing prices at various stores.
Everyday Low Price (EDLP) refers to a pricing strategy designed by retailers to promise customers the lowest prices in their store without having to wait for a sales event, use a coupon, or take any other actions to attain a reasonable price on the products they purchase.
Walmart is one such retailer that exhibits Everyday Low Pricing strategy. Walmart offers low prices to its consumers throughout the year, rather than offering low prices during sale events. Walmart adopted this pricing strategy following its beginning, developing its reputation on being the store that provides consumers with the lowest prices every day.
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which element of lean is described as a system based on making little changes on a regular basis, anywhere changes can be made, to reduce process, delivery, and quality problems?
Element of lean is described as a system based on making little changes on a regular basis, anywhere changes can be made, to reduce process, delivery, and quality problems is Uniform Plant Loading.
A buy requisition form is an inner report utilized by a worker to buy items or offerings on behalf in their firm. These purchases can be for commercial enterprise operations (together with workplace supplies), inventory, or production inputs.
Push type" means "make-to-stock," wherein the manufacturing isn't always primarily based totally on real demand. " Pull type" means "make-to-order," wherein the manufacturing is primarily based totally on real demand. A powerful shopping approach can keep your commercial enterprise money. A shopping approach defines how your agency buys things.
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davis corporation reported the following financial data for one of its divisions for the year; average assets of $510,000; sales of $1,050,000; and income of $121,000. the investment turnover is:
For one of its divisions, Davis Corporation provided the following financial information: average assets of $510,000, sales of $1,050,000, and income of $121,000. 2.059 is the investment turnover.
How many times does an investment turnover?The percentage of a portfolio that is sold in a given month or year is known as turnover in the investing industry. For deals executed by a broker, a rapid turnover rate results in higher commissions. An organization's total revenues are referred to as its overall turnover.
A business's revenue output is compared to its debt and equity using the investment turnover ratio. With a certain amount of funding, a management team's capacity to generate revenue
How are investment turnover figures determined?The turnover ratio gauges the annual trading activity of a fund. It is determined by dividing the lesser of the acquisitions or sales by the monthly average of net assets. Securities with a maturity of under a year are not taken into account.
sales = $1,050,000
assets= $510,000
income= $121,000
investment turnover= Net sales / Average investment assets
investment turnover= $1,050,000 / $510,000
investment turnover= 2.059
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a nation that imposes a fixed charge of $3 per barrel of oil imported into the country is relying on which instrument of trade? specific tariff gatt tariff subsidies import quotas antidumping duties
A nation that imposes a hard and fast price of $three in step with the barrel of oil imported into the united states is counting on which device of exchange: A) specific tariff.
Change is the pastime of purchasing, selling, or changing goods or offerings among people, firms, or international locations. The ministry had direct control over each aspect of overseas change. ... negotiations on a brand new international change agreement.
Trade as a noun can seek advice from the motion of purchasing-promoting or changing items and services among human beings, businesses, countries, and other entities. The time period is often synonymous with 'trade. ' it can also confer with a specific industry such as the construction, traveling, or fur trades.
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the goal of performing a competitor analysis is to . a) learn more about the competitors' sales structures b) find flaws in the competitors' manufacturing processes c) find areas of potential competitive advantage and disadvantage
The goal of performing a competitor analysis is to find areas of potential competitive advantage and disadvantage. So the correct option is c.
A competitor analysis, also called competitive analysis and comptetion analysis, is the process of examining similar brands in your industry to gain insight into their offerings, branding, sales, and marketing approaches. Knowing your competitors in business analysis is important if you're a business owner, marketer, startup founder, or product developer.
A competitor analysis offers several benefits, including:
Understanding industry standards so that you can meet and exceed them, helps in
discovering untapped niche markets, helps in differentiating products and services, standing out in your marketing, measuring your growth etc.
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yvette michaels, cfa, an analyst for torborg investments, inadvertently overhears a conversation between two executives of collective healthcare in which they mention an upcoming tender offer for network, a stock she covers. michaels has followed both companies extensively and feels their consolidation would be very beneficial for both companies. she tells her supervisor, a senior analyst, about the proposed tender offer. michaels' actions are:
Michaels has violated Standard II(A) Material Nonpublic Information.
Standard II(A) Material Nonpublic Information has been broken by Michaels. Information about a firm that has not been made public but may have an impact on the share price is referred to as material nonpublic information. It is illegal for those who possess material nonpublic information to use it for stock trading purposes. Members are forbidden from acting or causing others to act based on material nonpublic information they possess. She may not divulge the material to anyone save specific supervisory or compliance staff members at her company. It is not allowed for her to reveal compliance difficulties to a supervisor who is not listed as a designated supervisor.
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in testing accounts receivable, an auditor sends out positive confirmation requests to 100 randomly selected customers. a customer returns the confirmation indicating that the balance is correct when, in fact, the balance is overstated. this is an example of:
In testing accounts receivable, an auditor sends out positive confirmation requests to 100 randomly selected customers. A customer returns the confirmation indicating that the balance is correct when, in fact, the balance is overstated. This is an example of Non-sampling error.
There are different types of accounts in accounting, each of which serves a specific purpose. The most common types of accounts are asset accounts, balance accounts, equity accounts, revenue accounts, and expense accounts.
The purpose of each type of account is to provide information that is useful in making business decisions for customers. The balances in the accounts are used in the financial statements of a business.
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the brs corporation makes collections on sales according to the following schedule: 50% in month of sale 47% in month following sale 3% in second month following sale the following sales have been budgeted: sales april $170,000 may $190,000 june $180,000 budgeted cash collections in june would be:
Following the sale, the following sales have been budgeted: sales April $170,000 may $190,000 June $180,000 budgeted cash collections in June would be:$184,400
June Cash Collections:
50% of June's sale $90,000
47% of May's sales $89,300
3% of April sales $5,100
Total Budgeted cash collections $184,400 = Answer
Marketing is the process of exploring, creating, and delivering value to meet the requirements of a target request in terms of goods and services;( 1)( 2) potentially including a selection of target followership; selection of certain attributes or themes to emphasize in advertising; operation of advertising juggernauts; attendance at trade shows and public events; design of products and packaging seductive to buyers; defining the terms of trade, similar as price, abatements, bond, and return policy; product placement in media or with people believed to impact the buying habits of others; agreements with retailers, noncommercial distributors, or resellers; and attempts to produce mindfulness of, fidelity to, and positive passions about a brand.
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the nature of demand indicates that as the price of a good increases: group of answer choices suppliers wish to sell less of it. more of it is produced. more of it is desired. buyers desire to purchase less of it.
The nature of demand suggests that option D, buyers desire to purchase less of it as its price rises.
Demand describes the consumer's desire and willingness to purchase a good or service at a specific time or over an extended period of time. Additionally, consumers must be able to afford the items they want or need based on their budgeted disposable income. Therefore, demand has an impact on both market expansion and economic growth.
Suppliers are eager to create more when the price rises. In general, demand is thought to slope downward since consumers tend to buy less when prices are greater. According to the law of demand, a lower price results in a bigger amount demanded whereas a higher price results in a lower quantity demanded. Tools used to characterize the relationship between quantity desired and price are demand curves and demand schedules.
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If you are a pizza seller and you pay $10,000 for a pizza oven only to make one pizza with it, the average cost of each pizza you make is
A) $10,000
B) $10
C) $100
D) $5,000
Answer: The correct answer would be A) $10,000
Explanation:
The total cost of the pizza oven / the number of pizzas = cost of the oven per pizza
$10,000/1 = $10,000
* Does not include the cost of the pizza ingredients! :)
every two weeks, no more pencils, incorporated, disburses checks that average $90,000 and take six days to clear. how much interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days? ignore the effects of compounding interest. (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The interest can the company earn annually if it delays transfer of funds from an interest-bearing account that pays .011 percent per day for these six days is $1,407.12.
Information given in the query:
Checks issued on average total = $82,000.
Checks are issued on average every two weeks.
also,
52 weeks make up a year.
Therefore, Checks are distributed 52/2 = 26 times per year.
Rate of Interest = 0.11%
Delay in payment days = 6.
Now,
The corporation earned interest = Amount of the checks × Days of
payment postponement × Weeks of
check disbursement × Interest rate
= $82,000 × 6 × 26 × 0.011%
= $1,407.12
In the fields of finance and economics, interest is the payment of a sum over and above the principal amount (the amount borrowed) to a lender or depositor at a set rate by a borrower or deposit-taking financial institution. It differs from a fee the borrower might pay the lender or another party. It also differs from a dividend, which is money given to shareholders (owners) by a company from its profit or reserve, but not at a set rate predetermined in advance, but rather on a pro rata basis as a portion of the rewards received by risk-takers who take on costs in order to generate revenue.Learn more about Interest, here
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what are reasons for global outsourcing, or offshoring, to a foreign supplier? (choose every correct answer.)
It has resources not available in the U.S.
It has labor that is cheaper than American labor.
It has special expertise.
What is offshore and global outsourcing?Offshoring is when work is completed in a different nation, typically to take advantage of cost savings, as opposed to outsourcing, which is when an organization contracts out work to a third party. One of the main factors influencing a company's decision to outsource is lower operational and labor costs.
A management technique known as global outsourcing involves assigning important, non-core operations to knowledgeable and capable service providers. The management and staffing of business support operations by firms have undergone a substantial change as a result of global outsourcing.
The correct question is:
What are reasons for global outsourcing, or offshoring, to a foreign supplier? (Choose every correct answer.)
It has resources not available in the U.S.
It has a longer supply chain than your current supply chain.
It has labor that is cheaper than American labor.
It has higher tariffs than the U.S.
It has special expertise.
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abc bank is a commercial bank with a 20% reserve requirement and no excess reserves. citizens deposit $80,000 in the bank. a) what is the maximum amount that abc can lend out after the new $80,000 deposit? b) what is the money multiplier for this system? c) how much does the total money supply eventually increase if abc bank makes the loan referenced in part b
The highest loan amount that ABC Bank, a commercial bank with a 20% reserve requirement and no surplus reserves, can make is $64,000 following the new $80,000 deposit. People put $80,000 in the bank.
Money held in a bank is referred to as a deposit in the financial industry. When money is transferred to another party for safekeeping, the deposit transaction is known as a deposit. A part of money, however, that is used as security or collateral for the delivery of a good is referred to as a deposit.
There are two distinct definitions of a deposit. In one type of deposit, money is given to someone else to keep safe. By this definition, a Bank deposit is any cash that an investor deposits into a savings or checking account with a bank or credit union.
In this case, the deposited funds remain the property of the individual or organization who made the deposit, and they are always free to take them out again.
a)
Required Reserve ratio =20%
New deposit of $80,000 made hence 20% of 80,000 will go to maintain reserve therefore amount left for lending is (1-0.2)(80000=$64,000
B)
Money Multiplier =1/reserve ratio=1/0.2=5
C)
When Bank makes loan Money supply increases by $64000*5=$320,000
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for which of the following to work must both parties be online at the same time, and the receiver of a message be willing to accept messages?
In instant messaging, both parties are online at the same time, and the receiver of a message is willing to accept the messages.
A message is a discrete unit of conversation intended with the aid of the supply for intake by way of a few recipient or group of recipients. A message can be added by numerous way, along with courier, telegraphy, service pigeon and digital bus. A message can be the content material of a broadcast. An interactive change of messages bureaucracy a communication. One instance of a message is a press release, which may additionally range from a quick document or assertion launched by using a public business enterprise to industrial exposure cloth.
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if merchandise sells for $3,500, with terms of 3/15, n/45 and the cost of the inventory sold is $2,100, the amount charged to sales is group of answer choices
If stuff sells for $3,500 with terms of 3/15, n/45 and the cost of inventory sold is $2,100, the amount charged to sales is 1.$3,395.
Inventory or stock refers to the items and supplies that a company keeps for the purpose of resale, manufacture, or use. Inventory management is largely concerned with defining the shape and positioning of stocked products. It is required at many locations within a facility or throughout a supply network to precede the normal and scheduled flow of production and material stock. In the context of a manufacturing production system, inventory refers to all work that has occurred - raw materials, partially finished goods, final items prior to sale, and departure from the manufacturing system.
In the context of services, inventory refers to all work completed prior to sale, including partially processed information.
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the process of estimating the dividends and earnings that can be expected from the firm based on determinants of value is called a. business cycle forecasting. b. macroeconomic forecasting. c. technical analysis. d. fundamental analysis. e. none of the above.
The end goal is to come up with a number that an investor can compare to the current price of a security to see if other investors think it is undervalued or overvalued.
How Does Fundamental Analysis Work?
Fundamental analysis (FA) uses related economic and financial factors to determine a security's intrinsic value. An investment's intrinsic value is determined by the current market and economic conditions, as well as the financial situation of the issuing company.
From macroeconomic factors like the state of the economy and industry conditions to microeconomic factors like the efficiency of the company's management, fundamental analysts investigate anything that has the potential to influence the value of the security.
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What was the original name of the restaurant chain now known as boston market? boston ham.
Answer: Boston Chicken
Explanation: Boston Market was known as Boston Chicken until 1995.
as you consider which communication channels to use, analyze the nature of the bad news. in research from medical and social psychology literature, researchers have identified three aspects of bad news that impact how you approach delivering it: severity, controllability, and likelihood. as controllability decreases and likelihood and/or severity increase, richer channels of communication are most appropriate. for example, laying someone off should certainly be done in person. there is no controllability (the employee cannot undo being laid off), there is complete likelihood, and there is high severity (the employee will be unemployed and potentially without income and other benefits such as health insurance). when bad news becomes more controllable, less likely, and/or less severe, less rich channels are more often justified. read the case below and answer the questions that follow. you are in the role of a manager with a lot of bad news to share today. in your current position, you're often required to deliver bad news, but rarely as much as today. you need to discontinue an account with a supplier, give a negative performance review, possibly lay off an employee, announce a change in policy that may negatively impact sales reps, and announce the possibility of workforce reduction in the future. you've decided that you probably need to lay off one of your employees. he has consistently accessed inappropriate websites that are clear violations of the company's internet policy. you gave him an official warning a few months ago. yet, he has continued to violate the internet policy. you've asked him to meet with you to discuss these violations and his employment status. this bad news is best classified as what? multiple choice high likelihood, medium severity, high controllability low likelihood, medium severity, medium controllability high likelihood, high severity, low controllability high likelihood, low severity, high controllability
The most appropriate categorization for this awful news is a high likelihood, high severity, and limited controllability.
The likelihood is very high. You've concluded that there's a good chance this employee will be let go. The severity rises. The worker's employment is in danger. Not only would he lose his job if he is dismissed, but it will also be more challenging for him to get another one.
Even if he manages to preserve his work, his reputation has suffered greatly. The employee is less subject to control. Whether he maintains his job or not, he will suffer at this point. He will struggle to repair his reputation as a persistent violator of Internet rules.
The term "categorization" describes a grouping that makes it simpler to navigate between articles. There has to be a categorization of online news.
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21. minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. throughout his life he has tinkered with innovative ideas and has invented new products. it is clear that minke possesses a high level of .
Minke has an antique restoration business and has a great ability to envision a piece of junk as a restored final masterpiece. Throughout his life he has always tinkered with innovative ideas and has always invented new products. It is clear that Minke possesses a high level of creativity.
Antique restoration is the process of repairing and refurbishing antique furniture and other objects. It can be a very rewarding process, as it can help bring old pieces back to life and preserve them for future generations.
Antiques are often delicate and fragile, and rough handling can easily damage them. Different woods, metals, and fabrics will all require different treatments, and using the wrong ability can cause further damage.
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Allison is facing challenges because of changes to the toy product lines and quality goals. Which category of pressure for organization change is she contending with? choose the correct answer.
The category of pressure Allison is contending with in the case above is competition.
In business, competition is the way in which a company or organization compete against another company or organization. It can also be defined as when a company contend with other global competitors by wanting to create unique products.
There are several types of competition in business:
Direct competition: competitors are in the same line of business.Indirect competition: competitors offer same products but have different marketing and business strategy and goals.Replacement competotion: competitors use the same resources but offer different products.Learn more about competition at https://brainly.com/question/24625436
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