Bob and Nancy live in a new housing development and they would like to have fire hydrants installed. The table Marginal Benefit of Fire Hydrants shows Bob's and Nancy's individual marginal benefits of different quantities of fire hydrants. Suppose that the marginal cost of installing a hydrant is $10. Table: Marginal Benefit of Fire Hydrants Number of Bob's Nancy's Individual Fire Hydrants in the Neighborhood Individual Marginal Benefit Marginal Benefit 0 $16 14 12 8 8 4 4 5 0 The optimal number of fire hydrants in the neighborhood is L 2 3
Answers
The ideal number of fire hydrants for the area is two.
To determine the optimal number of fire hydrants in the neighborhood, we need to compare the marginal benefits and marginal costs of installing each additional fire hydrant.
Using the given table, let's calculate the net marginal benefit for each quantity of fire hydrants:
Number of | Bob's Marginal | Nancy's Marginal Net Marginal
Fire Hydrants Benefit Benefit Benefit
0 | $16 | $14 | $0
1 | $12 | $8 | $10
2 | $8 | $4 | $12
3 | $4 | $5 | $9
The net marginal benefit is calculated by subtracting the marginal cost ($10) from the sum of Bob's and Nancy's individual marginal benefits.
From the table, we can see that the net marginal benefit is highest at 2 fire hydrants. At this quantity, the total net marginal benefit is $12, which is the highest compared to the other quantities.
Therefore, the optimal number of fire hydrants in the neighborhood is 2. Installing more fire hydrants beyond this point would result in a lower net marginal benefit, indicating diminishing returns.
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Related Questions
About 25% to 30 % of companies use the LIFO method. Why would a
company use the LIFO method if it will result in lower net income
than FIFO
Answers
The LIFO method, despite potentially leading to lower net income than FIFO, is chosen by companies for various reasons. These include potential tax advantages, better cash flow management, more accurate inventory valuation in certain industries, and alignment with industry norms for easier external comparisons and reporting.
The LIFO (Last-In, First-Out) method and FIFO (First-In, First-Out) method are two commonly used inventory valuation methods in accounting. The choice between LIFO and FIFO can impact a company's reported net income. Now, let's break down why a company might choose to use the LIFO method despite it potentially resulting in lower net income compared to FIFO.
1. Tax implications: One of the primary reasons companies opt for LIFO is its potential tax advantages. In periods of inflation, LIFO assumes that the most recently purchased or produced items are sold first. Since the most recent purchases are usually more expensive due to inflation, LIFO results in higher cost of goods sold (COGS) and lower reported net income. This, in turn, reduces taxable income and, consequently, the amount of income tax paid. By lowering their tax burden, companies can effectively manage their cash flow.
2. Cash flow management: LIFO can also be beneficial for cash flow management. When prices are rising, LIFO assigns higher costs to inventory, leading to lower reported profits and, consequently, lower income taxes. By reducing tax payments, companies have more cash on hand, which can be used for various purposes such as reinvesting in the business, expanding operations, or paying off debt.
3. Inventory valuation accuracy: In certain industries, particularly those with rapidly changing product prices or perishable goods, LIFO might provide a more accurate representation of the current value of inventory. Since LIFO assumes that the most recent purchases are sold first, it better matches the cost of goods sold with the current replacement cost of inventory. This can be particularly relevant when companies face rising costs or when there are significant fluctuations in the market value of inventory.
4. External reporting and comparisons: In some cases, companies may choose to use LIFO to align their inventory valuation method with industry norms or competitors who predominantly use LIFO. This decision can make it easier to compare financial statements and industry benchmarks. While the impact on net income might be lower, the ability to present consistent and comparable financial information can be valuable for investors, analysts, and stakeholders.
It's important to note that the choice between LIFO and FIFO is influenced by various factors, including industry practices, tax regulations, market conditions, and management's objectives. While LIFO may result in lower net income compared to FIFO, the potential tax advantages, cash flow benefits, and inventory valuation accuracy are some of the reasons why companies opt for LIFO despite its impact on reported earnings.
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We've Come a Long Way From Where We Began
Answers
Answer:
oh ill tell you all about it when i see you again
Explanation:
Identifying States of Matter
Which statement best describes the movement of atoms in a solid?
They are able to slide past each other.
They spread apart as far as possible.
They have no freedom to move.
They are free to move in all directions.
Answers
Answer:
They have no freedom to move
Explanation:
because its a solid so the atoms don’t make like a liquid or a gas
Karan has just been offered the position of a store manager. He has observed that his store has been facing a problem of shrinkage in the past months. How can Karan take responsibility for controlling shrinkage?
A.
ensuring the availability of sufficient merchandise at the store
B.
ensuring available stock via a computerized inventory tally
C.
evaluating the average sales per month
D.
informing the head office about store operations
E.
evaluating the performance of staff at the store
Answers
Answer: c
As store shrinkage is the loss of inventory that can be attributed to factors such as employee theft, shoplifting, administrative error, vendor fraud, damage, and cashier error, Karan would have to make sure there is enough products and keep track of the sales/stocks. Thus, I believe that it would be c, so Karan can keep track of the monthly sales. Feel free to let me know if I'm wrong!
Answer:
C.
Explanation:
Evaluating the average sales per month
suppose aggregate demand is currently ad1. what open market operation is the appropriate counter-cyclical operation, in this case?
Answers
The appropriate counter-cyclical operation in this case when aggregate demand is currently AD1 is to apply an Open market sale to decrease the quantity of money in circulation in the economy.
Aggregate demand is a measure of the overall demand for goods and services in the economy. It shows the amount of real output that buyers are willing and able to purchase at each possible price level.
This figure is calculated by combining consumer spending, investment, government spending, and net exports (exports minus imports). Open market operations are a monetary policy tool used by central banks to control the supply of money in an economy.
It is a process that involves the purchase and sale of government securities, such as treasury bills or bonds, by a central bank. When the central bank wants to increase the supply of money in circulation, it will buy government securities from banks, injecting cash into the system, and vice versa.
When aggregate demand is AD1, it means that the economy is running below capacity, which could lead to higher unemployment and underutilization of resources.
In this scenario, the appropriate counter-cyclical operation would be to apply an Open market sale to decrease the quantity of money in circulation in the economy.
This would increase the value of the currency, making exports less competitive and discouraging imports, which would in turn reduce aggregate demand, bring prices down and increase the economy's output.
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The net increase (decrease) in cash reported on the statement of cash flows should reconcile the beginning and ending cash balances reported in the comparative balance sheets. True False
Answers
Answer:
Uuuuuuuuuuuuu7uuuu7uuuuuuuuuuuuuuudjdjdjjdjjddjdjdjjdjdjdjjdjjdjdjdjdddddddddddddddddjjjjjjjjjj&jjjjjjj&jjjjdjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjjkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk*kkkkkkkkkkkkk*kkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkkk**kkkkkkkkkkkkkkkkkkkkkkk*kkkkkkkkkkkkkk
Explanation:
Eeeeeereeeeereerreeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee33eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee3eeeeeeeeeeeeeeeeeeeeeee3eeee
Help plz , needs to be turned in
Answers
Answer:that should be based on your class and teacher try checking your syllabus
Explanation:
A new business should be based on an entrepreneur's individual interests because the entrepreneur must...
A. have sufficient confidence to succeed.
B. be willing to take personal responsibility.
C. have enough determination to work alone.
D. dedicate as many hours as needed to the work.
Will mark brainliest!
Answers
Answer:
A.................
Explanation:
look at my pokemon
Answer:
D
Explanation: because i said so but it might not be right
beta corporation owns assets valued at $1,500,000 with liabilities of $700,000, and alpha holds assets valued at $350,000 with liabilities of $150,000. beta transfers 200,000 shares of stock and $50,000 cash, and it accepts $100,000 of alpha’s liabilities, in exchange for all of the alpha assets. alpha distributes the beta stock to its shareholders for their alpha stock and then ceases to exist.
Answers
"Type A" reorganization. The transaction does not qualify as a "Type C" reorganization because substantially all of the assets are not acquired with voting stock.
What are liabilities?A liability is anything that a person or organisation owes, usually money. Advances, accruing costs, mortgages, bonds, accounts payable, securities, and deferred revenues are all included in the liabilities section of the asset report.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
A company's liabilities are essential since they are utilised to fund operations and big expansions. They can also speed up business-to-business transactions.
Liabilities reduce your company's worth and equity, but assets create value and enhance equity. The more your assets exceed your liabilities, the better off financially your company is.
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A conventional peg refers to. Multiple Choice where the exchange rate remains within a narrow margin of 2 percent relative to a statistically identified trend for six months or more, and the exchange rate arrangement cannot be considered as floating. where the exchange rate is largely market determined without an ascertainable or predictable path for the rate. involves the confirmation of the country authorities’ de jure exchange rate arrangement. when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows.
Answers
A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows.
for better understanding lets explain what conventional peg means
conventional peg as related to when country formally (de jure) pinpoint their own currency at a fixed rate to the currency of another said country example is, from the currencies of major trading or financial partners and weights showing on the distribution of trade in different geographical zones The known backbone or anchor currency or basket weights are public or notified to the IMF and a country authorities are able to maintain the fixed parity through direct interventionFrom the above, we can therefore say that the answer A conventional peg refers to when a country formally pegs its currency at a fixed rate to another currency or basket of currencies where the basket reflects the geographic distribution of trade, services, or capital flows is correct.
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A bond issued by the state of Alabama is priced to yield 6.40%. If you are in the 30% tax bracket, this bond would provide you with an equivalent taxable yield of _________.
Answers
Answer:
9.14%
Explanation:
Tax exempt yield = 6.40% = 0.064
Marginal tax rate = 30% = 0.30
Equivalent taxable yield = Tax exempt yield / (1 - marginal tax rate)
Equivalent taxable yield = 0.064 / (1 - 0.30)
Equivalent taxable yield = 0.064 / 0.70
Equivalent taxable yield = 0.0914286
Equivalent taxable yield = 9.14%
Facts about the chip category obtained from AC Nielsen are?
syndicated data.
survey data.
questionnaire data.
primary data.
experimental data.
Answers
Answer:
Explanation:
Then what is the question
in high-income countries, many central banks run highly expansionary policies that are successful in the short run. what is the interest rate associated with these policies?
Answers
The interest rate associated with these policies is typically very low, close to zero. Central banks in high-income countries often employ near-zero or even negative interest rates in order to encourage borrowing and stimulate economic growth.
What does Intrest rate mean?
The percentage of a sum of money charged for its use, usually expressed as an annual percentage rate, is known as the interest rate. It is the interest rate charged by a bank or other lender for borrowing money, or the interest rate paid by a bank to its savings account customers for keeping money in an account.
What does Saving account means?
A savings account is a deposit account at a financial institution that offers principal protection as well as a low interest rate. The account holder can deposit and withdraw funds as needed while earning interest on the balance. Savings accounts are typically used to hold funds for short-term objectives.
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mention one Islamic song and recitation
Answers
Answer:
islamic song: SURAH AL IMRAN HOLY QURAN, BEAUTIFUL HOLY QURAN
I hope it helps you
QUESTION A. Henry Mason agreed with Grey Electric Co. to purchase three reels of burial
cable for use in Mason’s construction work. When the reels were delivered, each carton was
marked "burial cable," although two of the reels were in fact aerial cable. Mason accepted
the conforming reel of cable and notified Grey that he was rejecting the two reels of aerial
cable. Because of a trucker’s strike, Mason was unsuccessful in arranging for the return of
the reels to Grey. He stored the reels in a well-lighted space near a grocery store owner’s
dwelling, which was close to his work site. About four months later, he noticed that one of
the reels had been stolen. On the following day, he notified Grey of the loss and, worried
about the safety of the second reel, arranged to have it transported to a garage for
storage. Before the second reel could be transferred, however, it was also stolen, and Mason
notified Grey of the second theft. Grey sued Mason for the purchase price, claiming that
Mason had agreed to return to Grey the nonconforming reels and had failed to do so. Mason
contended that he had agreed only to contact a trucking company to return the reels and that,
because he had contacted three trucking firms to no avail (owing to the strike), his obligation
had been fulfilled. Discuss who bears the risk of loss for the stolen reels.
1. Write a thorough definition of the law(s) for the legal issue addressed in the question
2. Make a full legal analysis of the legal scenario.
3. Conclusion
Answers
1. Definition of the law(s) for the legal issue addressed in the question:
The legal issue in this scenario involves the determination of who bears the risk of loss for the stolen reels of cable.
The applicable legal principles can be found in the Uniform Commercial Code (UCC) and specifically in its provisions regarding risk of loss.
Under the UCC, risk of loss refers to the responsibility for any loss or damage to goods during the course of a transaction. The UCC provides guidelines to determine when the risk of loss transfers from the seller to the buyer in a sales contract.
2. Full legal analysis of the legal scenario:
In this scenario, Henry Mason agreed to purchase three reels of burial cable from Grey Electric Co. However, two of the reels delivered were actually aerial cable, not conforming to the agreed-upon specifications. Mason accepted the conforming reel and rejected the two nonconforming reels.
The first issue to address is the risk of loss during the period when the reels were stored near the grocery store owner's dwelling. Generally, the UCC follows a "shipment" versus "destination" rule to determine when the risk of loss transfers from the seller to the buyer. According to the facts provided, it is unclear whether the reels were meant to be shipped to a specific destination or if Mason was responsible for arranging transportation.
If the reels were designated for shipment, the risk of loss would likely have transferred to Mason upon delivery to the carrier. Mason would have been responsible for arranging the return of the nonconforming reels. However, due to the trucker's strike, Mason was unable to return the reels to Grey.
If the reels were meant to be delivered to a specific destination, the risk of loss would typically remain with Grey until the goods reached the agreed-upon location. In this case, since Mason stored the reels near the grocery store owner's dwelling, it could be argued that the destination had not been reached, and therefore the risk of loss would still be on Grey.
Next, the issue arises when one of the reels is stolen after approximately four months. Mason notified Grey of the loss. At this point, the UCC comes into play again. According to UCC Section 2-509(3), if the seller is a merchant, the risk of loss remains with the seller until the buyer takes physical possession of the goods.
In this scenario, Mason had not taken physical possession of the stolen reel at the time it was stolen, as it was still in storage near the grocery store owner's dwelling. Therefore, the risk of loss for the stolen reel would likely still be on Grey, the seller.
However, Mason's intention to transport the second reel to a garage for storage complicates the matter. If Mason had successfully transferred physical possession of the second reel to the carrier before it was stolen, the risk of loss would have shifted to Mason as the buyer.
3. Conclusion:
Based on the analysis of the legal scenario and the applicable provisions of the UCC, it can be concluded that:
- The risk of loss for the stolen reel that was stored near the grocery store owner's dwelling would likely remain with Grey, the seller, as Mason had not taken physical possession of it before the theft occurred.
gal advice should be sought to ensure a precise understanding of the rights and obligations of both parties in this scenario.
- The risk of loss for the second reel, which was intended to be transported to a garage for storage but was stolen before the transfer, is unclear based on the information provided. If Mason had successfully transferred physical possession to the carrier before the theft, the risk of loss would likely have shifted to Mason.
It is important to note that the specific details of the sales contract and any additional agreements between the parties could affect the determination of risk of loss.
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Describe the resources you plan to use or provide to ensure the beneficiary has adequate financial support to cover their basic living needs.
Answers
The resources that one can use to plan to ensure the beneficiary has adequate financial support to cover their basic living needs.
The person's full legal name.The person's relationship to you. Mailing address, email, phone number.The date of birth and Social Security number.Who Are the Beneficiaries?A beneficiary is a person (or entity) named to receive the advantages of property that belongs to another person. These benefits are frequently given to beneficiaries as a part of an inheritance.
It's crucial to name beneficiaries for your financial assets so that you can rest easy knowing that the people you've determined should get your money are guaranteed to do so. You can control what happens to your money and make the situation clear for everyone who might be affected by naming beneficiaries.
Note that there is no question as to where you want your money or insurance proceeds to go if you have a current beneficiary listed on all of your accounts. It reduces time (and maybe money).
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agency problems arise when there is a conflict of interest between the shareholders and the managers of an multinational corporation (mnc). true false
Answers
True. Agency problems arise when there is a conflict of interest between the shareholders and the managers of a multinational corporation (MNC).
In an MNC, shareholders are the owners of the company and have a vested interest in maximizing the value of their investment. However, the managers who run the company day-to-day may have different objectives or incentives that conflict with those of the shareholders.
For example, managers may prioritize their own salaries and bonuses over maximizing shareholder value, or they may pursue growth opportunities that are not in the best interest of the shareholders. These conflicting objectives can lead to a situation known as an "agency problem," where the interests of the managers are not aligned with those of the shareholders. To address agency problems, MNCs often use various mechanisms to align the interests of managers and shareholders, such as performance-based compensation, monitoring by independent directors, and shareholder voting rights. However, agency problems can still arise even with these measures in place, and it is important for MNCs to be vigilant in identifying and addressing conflicts of interest.
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an agent's license remains in effect: a for 30 days from application date b for 6 months from application date c until december 31st of that year d for 5 years from application date
Answers
An agent's license remains in effect for 5 years from application date. An agent's license remains in effect for 5 years from application date.
This means that once an agent's license has been approved, it remains valid for 5 years from the date the application was submitted. After the expiration of 5 years, the agent will have to renew their license to continue practicing their profession. Insurance agents play a crucial role in the insurance industry.
They act as intermediaries between insurance companies and b. Insurance agents help insurance companies by selling their policies to potential customers and answering any questions customers may have regarding their policies.
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Ranjeet wants to improve the efficiency of his setup and maintenance processes for his campaigns. Which of the following methods would be best for managing multiple campaigns simultaneously?
Bulk operations
Neither of these
Manual campaign creation
Answers
Bulk operations. Managing multiple campaigns simultaneously can be a complex task, and manual campaign creation may not be the most efficient method.
Bulk operations, on the other hand, provide a more streamlined approach to managing multiple campaigns simultaneously. With bulk operations, Ranjeet can perform actions such as creating, editing, or optimizing multiple campaigns at once, saving time and effort.
By utilizing bulk operations, Ranjeet can make changes to multiple campaigns in a single action, such as adjusting budget allocations, modifying targeting settings, or updating ad creatives. This approach ensures consistency and allows for quicker campaign management across different campaigns, reducing the need for repetitive manual tasks.
Moreover, bulk operations often provide additional features like importing data from spreadsheets or using templates, further enhancing efficiency and scalability. By leveraging bulk operations, Ranjeet can optimize his setup and maintenance processes, improve productivity, and effectively manage multiple campaigns simultaneously.
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The product is shown without a decimal point. Where should the decimal point be placed?
3.12 × 4 = 1248
5th grade work
Answers
Answer:
Answer:B Place the decimal point after 2
Explanation:
All you have to do is multiply 3.12 times 4
Select the correct answer from the drop-down menu. Which type of college credit program does the statement describe? The program is one of the more common ways to get college credi you must take at the end of the course. Reset
Answers
Answer:
scholarship
i wanna say its that but
can we see the drop down menu?
Explanation:
Answer:
can we see what's in the drop down menu
But I'm pretty sure its a scholarship
Explanation:
Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
9. An important difference between common stock and preferred stock is that the price of the common stock tends to be more than that of preferred stock. a) volatile b) stable c) expensive
Answers
Answer:
The correct answer is B. Stable.
Explanation:
Preference share is a share which, in the event of a dividend and liquidation, has a preferential right over other shares, for example ordinary shares. The more favorable position of the preference share is usually reflected in a higher market price than for the ordinary share, all other things being equal. Preference shares with a high guaranteed dividend are partly given the character of a corporate bond. A fundamental difference, however, is that the company's creditors take precedence over all shareholders, including holders of preference shares, in the event that the company develops payment difficulties. At the same time as the preference share gives priority to dividends, they generally give significantly less voting rights than the ordinary share.
Why is it hard to predict positive Moments of Reality (MORs)? A. Because they are negatively influenced by lifetime customer value. B. Because they differ by customer, and by time of year. C. Because most companies use moments of truth, which are in conflict with Moments of Reality. D.Because it is difficult to tell if a Moment of Reality is negative or positive.
Answers
Answer:
B. Because they differ by customer, and by time of year.
Explanation:
Moments of reality are hard to predict as it varies from customer to customer. All customers have different values and they rate a product or service according to their own values. Moments of reality can be positive or negative and they are influenced by customer experience.
Does anyone know were I can find all the answers to EverFI
Answers
A hot dog vendor at a local fair averages 140 hot dogs per day when the price is $3. If for every $0. 25 increase in the price, 10 fewer hot dogs are sold on average, what price maximizes the revenue?.
Answers
The price that maximizes the revenue is $3.75 .
What is revenue?The entire income generated by the sale of goods and services crucial to a business's fundamental operations is referred to as revenue in accounting. Commercial income is another word for sales or turnover. Some firms derive their money through royalties, interest, and other fees. "Revenue" in the sentence "Last year, Company X had revenue of $42 million" can be either the total amount of money earned over a given time period or income in general. Net income, commonly referred to as profits, is frequently determined by subtracting all expenses from total revenue for a certain time period. This is to be contrasted with the "bottom line," which denotes net income.
Revenue = Sales x Average Price of the Service
Total revenue = 130*3.25
= $422.5
New price = $3.75
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How did the McDonald brothers show persistence when they moved their restaurant?
Answers
The McDonald brothers showed persistence by overcoming setbacks and innovating to create a more efficient restaurant model, which eventually led to the establishment of McDonald's as a global brand.
The McDonald brothers, Richard and Maurice McDonald, demonstrated persistence when they moved their restaurant by:
1. Overcoming setbacks: The McDonald brothers faced various challenges throughout their journey. They initially operated a drive-in restaurant but encountered issues with carhop service, leading them to rethink their approach. They temporarily shut down their business to reorganize and develop a new concept that focused on speed and efficiency. Despite setbacks, they persevered and sought a better way to run their restaurant.
2. Innovating and adapting: The McDonald brothers were determined to create a more streamlined and efficient restaurant model. They introduced the concept of a self-service system with a limited menu, where customers could order at a window and receive their food quickly. This idea was groundbreaking at the time and required significant innovation and adaptation. They designed their kitchen layout to optimize efficiency, utilizing assembly line techniques to speed up food preparation. Their persistence in finding a better way to operate their restaurant led to the development of the fast-food concept that revolutionized the industry.
3. Moving forward despite initial failures: After successfully implementing their new restaurant model in San Bernardino, California, the McDonald brothers wanted to expand their concept further. They faced numerous rejections and setbacks while trying to franchise their system. However, they did not give up and continued to promote their innovative ideas. Their persistence eventually paid off when they met Ray Kroc, who became their franchise agent and helped establish the McDonald's brand worldwide.
4. Protecting their vision: When the McDonald brothers decided to franchise their restaurant, they encountered conflicts with Ray Kroc regarding control and the preservation of their original concept. Despite facing pressure to compromise their vision, they persisted in protecting the integrity of their brand and the quality of their food. They engaged in legal battles and negotiated fiercely to maintain the standards they had set. While ultimately they lost control of the company, their persistence in defending their original vision demonstrated their unwavering commitment to their ideals.
Overall, the McDonald brothers' persistence was evident in their ability to overcome setbacks, innovate and adapt, push through initial failures, and protect their original vision. These qualities played a crucial role in their success in transforming the restaurant industry and establishing McDonald's as a global powerhouse.
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A coffee company decides to add some new flavors to its current house blend. How did this company change their product mix? Developing a new product Line extension Deleting a product Product modification
Answers
Product development focuses on bringing new products to a market that already exists. Entering a new market with entirely new products is known as diversification.
What is the main objective of diversification?By distributing investments among different financial instruments, industries, and other categories, diversification is a technique for lowering risk. It aims to maximize return by investing in various sectors that ought to respond to changes in market conditions differently.
Product diversification is a strategy used by a company to boost profitability and achieve higher sales volume from new products. Diversification can take place at the corporate level or at the business level. When a company enters a new industry that bears significant similarities to one or more of its current industries, related diversification takes place. Disney's acquisition of ABC illustrates related diversification because movies and television are both forms of entertainment.
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When janelle decided to buy a new computer, she thought about all the brands she could recall seeing advertised, but when she visited her local best buy, she limited her search to only those brands she would consider buying. the brands available at best buy represent janelle's set.
Answers
Situational influences are transient circumstances that have an impact on consumer behavior.They include tangible elements like a store's layout, buying areas, music, lighting, and even odors.Businesses work to improve the physical conditions that shoppers encounter.
What are the situational factors that could alter the consumer decision making at the time of purchase?The likelihood that someone will go through all six stages of the purchasing process is probably limited to specific circumstances, such as when purchasing a thing for the first time or when purchasing expensive, durable, infrequently used items.Complex decision-making is what is meant when this occurs. Which of the aforementioned purchases would consumers be most likely to make with limited problem-solving.A regular coffee drinker's typical purchase is generally coffee to go.But problem solving skills will likely be reduced as a result of college courses. Physical surroundings, social surroundings, temporal perspective, task description, and antecedent state are the five components that make up situational factors. There are four different forms of consumer behavior: complex buying behavior, dissonance reduction, variety seeking, and habitual buying behavior. Consumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. When acquiring high-involvement products, buyers don't exhibit routine response behavior.Instead, they participate in what is known as prolonged problem solving, spending a lot of time weighing various factors such product features, costs, and warranties.To learn more about decision making refer
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Marlon intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services.
Which of the following types of agency had Marlon and Nita entered into?
A) apparent agency
B) agency by ratification
C) implied agency
D) express agency
Answers
Answer:
D) express agency
Explanation:
From the question, we are informed about Marlon who intends to sell a piece of real estate he owns and contracts Nita, a real estate broker, to make the sale. In the contract, Marlon authorizes Nita to make the sale at or above a minimum price he wants and the date by which he wants the sale to be completed. The contract also stipulates that Marlon should not hire another broker to sell that piece of land till the expiry of the contract period. Nita finds a suitable buyer, makes the sale in time, and is paid by Marlon for her services. In this case, the types of agency had Marlon and Nita entered into is express agency. Express agency can be regarded as an agency that is been set up through an oral or a written agreement that exist between agent and principal. This gives indication of their express intent as regards this representational status. In this agency, the written or spoken words of the principal is used in authorizing the agent so that he can to act on behalf of the principal. An agency can be regarded as contract which could be express or implied.