GDP measures the total dollar value of final goods and services produced each year in a country.
What is GDP?
An estimate of a nation's GDP can be used to determine the size and growth rate of an economy. A country’s GDP can be computed in three different methods, considering expenditures, production, or income, and it can be adjusted for population and inflation to give more detailed information.
Real GDP is a measure of a country’s GDP which takes into effect of inflation.
Nominal GDP measures the GDP using current prices and it is not adjusted by Inflation.
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which two factors have the biggest impact on the risk premium for non u.s. bonds? question 17 options: quality and maturity quality and country risk maturity and exchange rate risk exchange rate risk and country risk
Business risk, financial risk, liquidity risk, exchange-rate risk, and country-specific risk all contribute to the risk premium. Each of these risk factors has the potential to lower returns.
Business risk, in a nutshell, is the uncertainty of whether a company will generate enough revenue to cover its costs. The capacity of a company to manage its debt and financial leverage is referred to as financial risk.
the risk of financial loss in a business venture or investment. Among the more common and different financial risks are credit risk, liquidity risk, and operational risk. A sort of risk that could result in interested parties losing money is financial risk.
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how is immigration affecting u.s. demographics? multiple choice it is increasing the diversity of the workforce. it is decreasing the number of workers. it is decreasing the number of consumers.
Due to their higher fertility rate than natives, immigrants also contribute to the demography of modern economies. In 2017, the total fertility rate in the United States was 1.76 children per woman among natives, compared to 2.18 among immigrant.
What impact does immigration have on American workers?
Numerous empirical studies have established the advantages of immigration for American workers. With a few notable exceptions, it has been discovered that even immigrants with low levels of formal education have little impact on the salaries of workers with comparable levels of education. Although immigrants enhance the labour supply, they also increase domestic economic demand by buying homes, food, TVs, and other goods and services with their earnings. As a result, there are more employment needed to build those homes, produce and sell food, and deliver TVs. 27-Jun-2016
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austertech, a u.s. company, produces computer parts and sells them to south american countries. austertech is engaging in the international business activity known as .
Austertech, a u.s. company, produces computer parts and sells them to south American countries. austertech is engaging in the international business activity known as Exporting.
An export in worldwide exchange is a great produced in one united states of america this is offered into every other united state of america or a service furnished in a single united states of america for a national or resident of some other us of a. the seller of such goods or the service issuer is an exporter; the overseas purchaser is an importer. Exporting may be profitable for organizations of all sizes.
On average, sales develop faster, extra jobs are created, and employees earn greater than in non-exporting corporations. aggressive gain. america is known worldwide for excessively nice, progressive goods and services, customer support, and sound enterprise practices.
the hobby of sending items to some other country with a purpose to promote them there: the exportation of sth the primary commercial enterprise of the port is the exportation of grain and agricultural produce.
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a bond that pays interest only when a firm has sufficient earnings to cover the interest payments is called a(n) .
A bond that pays interest only when a firm has sufficient earnings to cover the interest payments is called an Income bond.
An income bond is a type of financial security in which the investor is only guaranteed to receive the bond's face value; any coupon payments are only delivered if the company issuing the bond has enough revenue to meet the coupon payment. In the case of corporate bankruptcy, an adjustment bond is a specific type of income bond.
The income bond is a type of financial instrument that is very uncommon and often serves a purpose for the company similar to that of preferred shares. Unlike preferred shares, which have missed dividend payments added to later periods until they are paid off, common shares do not have this limitation.
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In Macroland, autonomous consumption equals 100, the marginal propensity to consume equals 0. 75, net taxes are fixed at 40, planned investment is fixed at 50, government purchases are fixed at 150, and net exports are fixed at 20.
The vertical intercept of the expenditure line is:
Induced expenditure equals:Autonomous expenditure equals:Planned aggregate expenditure equals:The slope of the expenditure line is:The vertical intercept of the expenditure line is:Induced expenditure equals:
According to given question Autonomous expenditure equals is 290 in Macroland.
What do you mean by investment?An investment is something that is purchased with objective of earning money or gaining fame. A purchase for products that are not used right away but will be utilized to create wealth down the road is referred to as an investment in an economic prospects.
Briefing:Spending that is autonomous is spending which is unattached to income. In this case, because C = 100 + 0.75(Y - T),
we have PAE = C + I + G + NX = [100 + 0.75(Y - 40)] + 50 + 150 + 20 = 100 + 0.75Y - 30 + 50 + 150 + 20 = 290 + 0.75Y.
Autonomous expenditure is the vertical intercept of 290.
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who is most likely to have a working knowledge of the various enterprise systems that are in use in the company?
An internal auditor is most likely to have a working knowledge of the various enterprise systems that are in use in the company.
The system administrator is most likely to have a working knowledge of the various enterprise systems that are in use in the company.
An individual who oversees maintaining, configuring, and ensuring the reliable operation of computer systems, particularly multi-user computers like servers, is known as a system administrator, often known as a sysadmin or admin. The goal of the system administrator is to meet the users' needs in terms of computer uptime, performance, resources, and security while staying under a predetermined budget.
Network and pc systems administrators work with each IT and non-IT team of workers. despite the fact that many communities and laptop systems directors are employed through companies inside the laptop structures design and associated offerings industry, they paint in a selection of settings.
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having the freedom to set your own working hours and taking lots of vacations, particularly when just beginning the business. accepting accountability for the mistakes of the business. having limited financial resources to throw into the business. reducing your working hours.
Being your own boss means accepting accountability for the mistakes of the business.
As a business owner, you are ultimately responsible for the actions of your employees. If they break the law or engage in unethical behavior, they should hold accountability. This is why it's so important to have a strong code of conduct and ethical standards in place.
You should also be aware of any red flags that could indicate your employees are engaging in questionable behavior. By being proactive and diligent, you can help create a culture of accountability in your business.
Hence, the correct option is "C".
The question is incomplete, the complete question is:
Being your own boss means:
A. reducing your working hours.
B. having the freedom to set your own working hours and taking lots of vacations, particularly when just beginning the business.
C. accepting accountability for the mistakes of the business.
D. having limited financial resources to throw into the business.
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on september 1 year 1 the central illinois university ticket office sold 1800000 worth of season basketball tickets ten home games will be played four game will be playing during year 1 and six games will be played during year 2 what is the adjusted balance in deferred revenue account at december 31 year 1
The adjusted balance in deferred revenue account at December 31 will be 1,080,000.
What is adjusted balance?Adjusted balance is one of several methods used by credit card companies to calculate a cardholder's cost of funding. The latter is the fee charged if the cardholder keeps a monthly balance rather than paying the balance in full by the due date of each month.The adjusted balance method for calculating loan fees uses the last balance of the most recent billing cycle and subtracts all payments and credits made during the current billing cycle.If you made one or more purchases underPlan It, your credit will be adjusted until those purchases are refunded.If I choose the automatic reconciled balance payment option, American Express will charge my designated account for the adjusted balance shown on my statement.To learn more about adjusted balance from the given link :
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g hanebury manufacturing company (hmc) has preferred stock outstanding with a par value of $50. the stock pays a quarterly dividend of $1.25 and has a current price of $71.43. what is the nominal annual rate of return on the preferred stock?
The stock pays a quarterly dividend of $1.25 and has a current price of $71.43.the nominal annual rate of return on the preferred stock is 7.19%.
The ownership certificates of any company are referred to as "stocks" in general. On the other hand, a share alludes to the stock certificate of a specific business. A shareholder is someone who owns stock in a specific company. Stocks come in two varieties: common and preferred. The term annual rate (APR) describes the annual interest that is produced by a sum that is owed to investors or charged to borrowers. The annual rate, or APR, is a measure of the actual cost of borrowing money over the course of a loan or the income generated by an investment. The annual interest rate that would apply to a deposit made at the stated rate of 10% compounded monthly is 10.47%.
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all of the following strategies may encourage participative management except: select one: a. task delegation. b. parallel suggestion involvement. c. job involvement. d. theory x management.
Except for theory X management, any of the following tactics may promote participatory management.
People who adhere to Theory X detest their jobs, lack ambition, and shun accountability. This presumption leads managers to drive their workforce using a rigorous "carrot and stick" strategy that rewards superior performance and penalizes subpar performance.
The significance of increased oversight, outside rewards, and outside sanctions is explained by Theory X. When it comes to inspiring others, Theory X takes an authoritarian stance. This strategy makes several important assumptions, one of which is that the typical employee despises their job and will do everything to escape it.
The second tenet of theory X is that in order to motivate individuals to contribute to corporate objectives, they must be intimidated or coerced.
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advertising encourages wholesalers and retailers to carry the products of a specific manufacturer. select one: a. institutional b. b2b comparison c. trade d. advocacy
A trade advertisement encourages wholesalers and retailers to carry the products of a specific manufacturer.
Advertising is the practice and strategies used to draw attention to a product or service. Advertising attempts to draw attention to a product or service by putting it in the spotlight. It is often intended to promote a certain commodity or service, but it has a wide range of applications, the most prevalent being commercial advertising.
Commercial advertising frequently strive to boost consumption of their products or services by "branding," which equates a product name or image with certain traits in the minds of consumers. Direct-response advertising, on the other hand, is used to encourage an immediate sale. Advertising can also serve to reassure employees or shareholders that a company is viable or profitable.
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jones corporation reported current assets of $189,000 and current liabilities of $134,000 on its most recent balance sheet. the current assets consisted of $62,800 cash; $44,200 accounts receivable; and $82,000 of inventory. the acid-test (quick) ratio is:
The quick ratio measures the ratio of a company's available liquid assets to its current liabilities in dollars. Current liabilities are a company's debts or obligations that must be paid to creditors within a year.
Liquid assets are those current assets that can be quickly converted into cash with minimal impact on the price received in the open market.
What Is the Quick Ratio?
A company's ability to meet its short-term obligations with its most liquid assets is measured by the quick ratio, which is an indicator of a company's short-term liquidity position.
It is also known as the acid test ratio because it indicates the company's capacity to immediately pay down its current liabilities using assets that can be quickly converted to cash. A slang term for a quick test with instant results is an "acid test."
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work in process apr. 1 balance 7,400 apr. 30 goods finished x 30 direct materials 69,100 30 direct labor 190,600 30 factory overhead 57,180 finished goods apr. 1 balance 13,100 30 goods finished 307,900 what was the balance of work in process as of april 30?
Work in progress is a term used in supply chain management to describe the ongoing progress of a product that is waiting for a problem. It is a part of the asset in the inventory.The final balance of unfinished business The answer is $29,900.
Calculating the remaining work that has to be done as of April 30 as:
Work in progress balance (ending balance) equals the sum of the opening balance, direct material, direct labour, and factory overhead, where
$700 is the initial balance.
$78,400 worth of direct material
$195k is spent on direct labour.
$136,500 is the factory overhead.
Making use of the values above:
Final work balance: $7,000 plus $78,400 plus $195,000 plus $136,500
Final work balance: $29,900
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ben is purchasing a home and reviewing a loan amortization chart. if the home price is $330,000 and he's financing $300,000, once he finds the factor (number that intersects his interest rate and term on the amortization chart), what number does he multiply by that factor?
300 is multiplied by that factor. The number intersects his interest rate and term on the amortization chart.
In tax regulation, amortization refers to the price recovery system for intangible belongings. Despite the fact that the idea at the back of cost healing deductions of amortization is to deduct from the foundation in a scientific manner over an asset's anticipated useful financial life so as to reflect its consumption, expiration, obsolescence or different decline in cost as a result of use or the passage of time, oftentimes a perfect in the shape of income and deductions does no longer occur for policy reasons. A corresponding concept for a tangible property is depreciation. Methodologies for allocating amortization to every tax period are normally the same as for depreciation. However, many intangible properties together with goodwill or sure manufacturers can be deemed to have an indefinite useful existence, or “self-created” and are therefore now not issued to amortization.
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at the beginning of the year, petra owes $10,000 on an installment notes payable, which has an interest rate of 6%. at the end of the year, petra makes a payment of $2,000. after the payment, the carrying value of the installment notes payable will be:
$8,600 Justification
$10,000 - $(2,000 - (10,000 x .06) = $8,600
What is the ratio of debt to assets?A sign of financial leverage is the debt to total assets ratio. It tells you how much of the total assets were paid for by debt, creditors, and liabilities. A company's ability to pay its debt's interest is shown by its times interest earned ratio.
What is the debt's carrying value over time when bonds are issued at a premium?The carrying value of a bond is greater than its face value when it is issued at a premium.The carrying value of a bond is lower than its face value when it is issued at a discount.The carrying value of a bond is the same as its face value when it is issued at par.
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the residual equity section of statement of financial position for private not-for-profits includes which accounts? g
Unrestricted, Temporarily Restricted, and Permanently Restricted Net Assets are included in the residual equity section of the private not-for-profit statement of financial position.
Net asset value is calculated by dividing the total number of outstanding shares by the net value of an investment fund's assets less its liabilities. NAV is the price at which shares of funds that are registered with the Net Assets U.S. Securities and Exchange Commission (SEC) are traded, and is most frequently used in relation to mutual funds or exchange-traded funds (ETFs).
Net assets, net worth, or capital of the company are terms used to financial describe the difference between assets and liabilities for financial businesses and other legal entities. The fund valuation and pricing are referred to as Net Assets NAV, and they are calculated by dividing the difference between assets and liabilities by the number of shares held by investors.
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write how vermicompost is prepared in a pit
Explanation:
Vermicomposting pits are mainly used by farmers. These farmers dig a large hole that serves the purpose of burying worms and organic waste material. Pits made for vermicomposting are usually 1 m deep and 1.5 ms wide.
a firm is producing 4 units of output at an average total cost of $40. when the firm produces 5 units of output, average total cost rises to $50. what is the marginal cost of the fifth unit of output?
The marginal cost of production for the fifth unit of output is $90.
How much does it cost more to produce the fifth unit of output marginally?The marginal cost of creating the fifth unit is equal to the sum of the costs to make five units minus the sum of the costs to produce four units, or R122 minus R120, which equals R12.
The difference in total production costs caused by creating or producing an extra unit is known as the marginal cost in economics.
Marginal cost illustration
The marginal cost is the additional expense incurred when producing a new good. As an example, let's say that it costs $100 to create 100 car tires. To make one extra tire would cost $80. The marginal cost is defined as what it costs to create one additional unit of a good or service.
For the first 4 units the total cost = $40 * 4 =$160
For the first 5 units the total cost = $50 * 5 = $250
So, the marginal cost for the fifth unit will be:
= $250 - $160
= $90
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hy don't banks hold 100 p ercent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?
The reason why banks don't have 100% reserves is because it is more profitable to use reserves to make loans. The number of reserves banks hold is associated with the number of money the banking system product along the money multiplier. The smaller the fraction of reserves banks hold, the larger the money multiplier, because every dollar of reserves has a function to make more money.
A central bank, monetary authority or also known as reserve bank, generally can be defined as an institution that manages monetary policy and the currency of a state or formal monetary union, and oversees their commercial banking system. Bank don't want to keep the rest of money because bank can earn advantage by loaning some of the reserves out.
This question is not complete, the complete question is:
"why don't banks hold 100 percent reserves? how is the amount of reserves banks hold related to the amount of money the banking system creates?".
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HELP ME PLEASE:
Identify and describe the company or business jeff Bezos operated, managed, and taken a financial risk. What are the main products/services offered? How did he get started? What challenges did jeff Bezos encounter on the way and how did he manage those obstacles?
Jeff Bezos has invested in many companies. But the one with he is most associated is Amazondotcom.
The main services of Amason are:
Jeff Bezos started out with online book sales from his rented home in Bellevue, Washington. Then the business expanded. He became the dominant player in online book sales on the internet.
One of the major challenges he faced is Antitrust Issues. Earlier on, however, he was being required by some companies to do at least 10 units of their books to qualify under their retail dealership.
Unfortunately, Amazondotcom was not yet doing that. They solved this problem by exploring a loophole in the system that required them to order 10 books not buy them. So they continued to order books that they didn't have or that were not on sale.
Who is Jeff Bezos?Jeffrey Preston Bezos is a businessman, media owner, investor, computer engineer, and commercial astronaut from the United States. He is Amazon's founder, executive chairman, and former president and CEO.
The majority of Jeff Bezos' wealth stems from his Amazon stock. According to Forbes, he still holds 11% of Amazon's stock and has sold an estimated $27 billion in stock since 1997. He is well-known for his philanthropic contributions to areas such as cancer research and climate warming.
From 1998 until 2021, Bezos' basic salary of $81,840 remained constant. He will also receive an extra $1.6 million in various forms of remuneration. As a result, Bezos' annual salary is around $1,681,840.
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gender can be referred to in many ways (male, female, m/f, 1/0) in a data warehouse. what is it called when you ensure gender is referenced the same way throughout an organization?
Gender can be referred to in many ways (male, female, m/f, 1/0) in a data warehouse. when you ensure gender is referenced the same way throughout an organization it is called Standardizing protocols .
A data processing procedure called Data Standardization transforms the structure of various datasets into a Common Data Format. Data Standardization is a subfield of data preparation that deals with transforming datasets after they are extracted from source systems but before they are put into destination systems. Because of this, processes involving data exchange may also be thought of as transformation rules engines.
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heather agrees to work for noah for one year in his law office. noah writes an employment contract that states that heather is to earn $20 per hour and to work forty hours per week. noah terminates heather's employment after six months. heather sues to recover what she claims are her losses. at trial, both parties discover that the contract says that heather's hourly wage is $0.20. what can heather and noah do about the error?
The correct answer is they can offer parol evidence to clarify the clerical error.
Given that a wage of $20 per hour and forty hours per week were agreed upon, it is clear that a clerical error occurred when the contract was written.
Because the rule of parol evidence governs the types of evidence that can be used to confirm a clerical error and repair it, it can be used to remedy this error.
In actuality, this rule is applied to resolve contractual disputes in order to repair a typing error by establishing the genuine, mutually agreed-upon provisions of the contract.
This parol proof truly protects the integrity of the contract because it forbids any modification of contracts or documents and prevents meaning changes brought on by errors and the like.
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in the figures below, the first graph represents individual firms and the second the market as a whole. if there are 100 competitive firms of the size represented by ac1, how much does an individual competitive firm produce?
'in the figures below, the first graph represents individual firms and the second the market as a whole. if there are 100 competitive firms of the size represented by ac1, 1.1m an individual competitive firm produces.
It makes similar products at all sellers. There are many buyers and sellers, each small compared to the market as a whole, or many potential sellers.
A perfect competitor is a price taker. That is, you must accept the equilibrium price at which you sell your goods. A perfectly competitive company will not sell if it tries to exceed the market price even a little.
A competitive firm is one that (1) has many buyers and sellers in the market. (2) Products offered by different sellers are almost identical. (3) Firms are generally free to enter and exit the market. 2. Figure 2 shows the cost curve for a typical company.
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Jorge has a monthly gross income of $3,500, and his monthly debt payments are: $325 car payment, $290 student loan payment, $930 mortgage payment, and $400 credit card payment. what is his total debt-to-income ratio rounded to the nearest percent?
Answer:
18%
Explanation:
56% is his total debt-to-income ratio rounded to the nearest percent. Thus, option A is correct.
What is debt?
Debt may be defined as the sum that the borrower owes the lender. A debt is an amount of money that has been borrowed over a certain time frame and must be repaid, plus interest. The borrower's way and the effect that affects both the debt's size and its acceptance. A debt trap occurs when a borrower is driven to take out more loans in order to pay off previous ones. A debt trap happens when financial responsibilities outweigh a person's ability to repay loans.
Total debt payment can be termed as the sum of all debt payment
= 325 +290 +930 +400
= 1945
Debt-to-income ratio formula will be termed as
= total debt payment/income
= 1945/3500
= 56%
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Jorge has a monthly gross income of $3,500, and his monthly debt payments are $325 car payment, $290 student loan payment, $930 mortgage payment, and $400 credit card payment. What is his total debt-to income ratio rounded to the nearest percent?
56%
43%
18%
31%
explain how international tourism could assist in reducing the current sizable u.s. trade deficit. how could it increase the deficit?
The status of tourism is the same as that of a country's trade because it is seen as an invisible export.
A country's trade or exports are equivalent to the number of tourists it receives. Greater tourists bring in more revenue for the country's commerce activities.
For instance, a Chinese traveler to the US will stop at the Grand Canyon, Yellowstone, Alaska, and Niagara Falls, among other locations. He will be demanding a number of things at each of these locations, including hotel accommodations, transportation, meals, and other things he will be purchasing. All of these needs will contribute to the cost of those US manufacturing factors, just like an exporter would.
Tourism thereby reduces the trade deficit by bringing in foreign cash like trade does.
It also works the other way around; take the example of an American tourist who travels to India and spends money there. He will travel with US dollars and make purchases in India just as he would have done if India had been an exporter of goods to the US. Due to increased US purchases of Indian goods, the trade deficit will rise.
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if a paper mill shuts down its operations for three months so that it produces nothing, which part of its cost is reduced to zero?
The variable cost of a paper mill is reduced to zero if it stops production for three months.
What is a variable cost?A variable cost is a type of business expense that varies depending on how much a company produces or sells. Variable expenses grow and fall with changes in production, depending on a company's amount of sales.
Examples of variable costs include raw material and packaging costs for manufacturing companies, as well as credit card transaction fees and shipping costs for retail businesses, which fluctuate with sales. A fixed cost can be contrasted with a variable cost.
What Is the Total Variable Cost Formula?
Every unit of production should ideally have the same amount of variable expenses because they scale together. As a result, the total output quantity can be multiplied by the unit variable cost to determine total variable costs.
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the government decides to construct greenbelt to make the city look more beautiful. the marginal cost of the greenbelt is $2000q $4000 (the unit of q is acre). suppose there are 1,000 people in the city, each values the greenbelt at $10 per acre. how many acres of greenbelt will the government construct?
The government will create a 3-acre greenbelt.
A "marginal cost" is the increase or decrease in price related to producing goods or providing services to an additional consumer. often referred to as incremental cost.
to increase revenue Businesses can forecast the number of units produced at which costs and revenues will be equal by plotting marginal cost and revenue. The company's revenue will be maximized by producing this many units because any extra units will result in a loss.
The concept of marginal cost is essential to economic theory because, in order to maximize profits, a company can only produce until its marginal cost (MC) equals its marginal income (MI) (MR). Beyond that, the expense of manufacturing a new product will exceed the profit.
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the cape cod cotton candy company had the following information available regarding last year's operations: sales (100,000 units) $200,000 variable costs 100,000 contribution margin 100,000 fixed costs 50,000 net income 50,000 if sales were to increase by 200 units, what would be the effect on net income?
The cape cod cotton candy company had the following information available. The effect on net income will be $200.
Net income refers to the quantum an individual or business makes after abating costs, allowances and levies. In commerce, net income is what the business has left over after all charges, including payment and stipend, cost of goods or raw material and levies.
Calculating the problem:Selling cost per unit = $ 200,000 ÷ $ 100,000
= 2
Variable cost per unit = $ 100,000 ÷ 100,000
= 1
sales = 100,200× 2 = 200 ,400
Variable cost = 100,200 × 1
= 100,200
Contribution margin = 100,200
Fixed cost = 50,000
Net income = 50,200
So , net increase is $ 200.
Is Net Income the Same as Profit?
Generally, net income is synonymous with profit since it represents the final measure of profitability for a company. Net income is also appertained to as net profit since it represents the net quantum of profit remaining after all charges and costs are abated from profit.
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assume a risk-free return is 3%. the beta of a managed fund is 1.8, the alpha is 0.5%, and the average return is 6%. based on jensen's measure of portfolio performance, the return on the market portfolio equals:
The calculation of the market portfolio's return is displayed below:
30.56%
As we are aware of
Alpha is equal to the average return minus the risk-free return plus beta (return on investment minus risk-free return).
0.005 is equal to 0.06- [0.03 + 1.8 (return on market portfolio - 0.03)].
[0.03 + 1.8 return on market portfolio - 0] - 0.005 = 0.06 .03]
0.005 is equal to 0.06, 0.03, 1.8 return on market portfolio, and 0.03
1.8 return on market portfolio = 0.06 - 0.03 + 0.03 - 0.005.
1.8 return on market capitalization equals 0.055
Consequently, the market portfolio's return is
= 0.055 ÷ 1.8
= 0.03056
=30.56%
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a manufacturer of clothing currently sells its products at neiman marcus and dillard's. a survey shows that a majority of its customers expect to find its products at neiman marcus, macy's, and saks fifth avenue, but relatively few customers expect to find the products at dillard's or marshalls. if the manufacturer acts on its customers' expectations, what action would it take in regard to its retail partnerships?
If the manufacturer acts on its customers' expectations, it will start by partnering with Macy's and Saks fifth avenue and leave Dillard's behind.
What is partnering?
A process of building a connection between each party by knowing each other's obligations, and maintaining an attitude of goodwill and trust.
At first, the manufacturer probably know 2 department stores's key person and it is the main reason why the manufacturer sells its products in Neiman Marcus and Dillard's. Along the way, when the market segment of the manufacturer's products already settled, it acts to listen on the customers' expectations to make a greater sales and the manufacturer has to make a change as its customers wants. The main objective of the manufacturer is to make the greatest sales, so it has to join with the bigger department stores (Macy and Saks fifth avenue) and leave the smaller department store (Dillards) behind.
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