a) The optimal output of the public good is given by;x* = (2y)¹/²
b) Person 1 bears the entire cost of providing public good and Person 2 gets the benefit of public good without contributing towards its provision.
c)It also violates the Pareto efficiency condition as the Pareto optimal solution would require that Person 2 should also contribute towards the provision of public good.
a. Optimal output of the public good:To find the optimal output of the public good, Samuelson condition will be applied. The condition states that the optimal output of public good is achieved when the marginal benefit of public good to the last consumer is equal to the marginal cost of providing it. When Person 1 contributes towards public good, the cost to him is equal to the opportunity cost of his private good foregone, which is 1/2 unit of y. When Person 2 contributes, his cost is also equal to 1/2 unit of y.
Therefore, total cost of providing 1 unit of public good is 1 unit of y.
The marginal benefit to Person 1 from 1 unit of public good is given as;MUB1 = MUx /Px = 1/xWhere x is the output of the public good and Px is the price of private good.
From person 1's utility function, the marginal benefit of public good is;MUB1 = ∂U1/∂x1 = 1/x¹/²
Therefore, marginal benefit to Person 2 from 1 unit of public good is;MUB2 = MUx /Px = 1/xWhere x is the output of the public good and Px is the price of private good.
From person 2's utility function, the marginal benefit of public good is;MUB2 = ∂U2/∂x2 = 1/2x¹/²
Hence, the Samuelson condition will be;MUB1 + MUB2 = MC1/x + 1/x = 1/x¹/² + 1/2x¹/² = 1/x² = MCx1/2y = 1
Therefore, the optimal output of the public good is given by;x* = (2y)¹/²
b. Person 2 rides free:Person 2's contribution to public good is zero, therefore, he rides free.
Person 1 bears the entire cost of providing public good and Person 2 gets the benefit of public good without contributing towards its provision.
c. Efficiency of private good provision mechanism: The private good provision mechanism is not efficient since Person 2 is riding free and not contributing towards the provision of public good. It also violates the Pareto efficiency condition as the Pareto optimal solution would require that Person 2 should also contribute towards the provision of public good.
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management could determine the amounts due from customers by examining which ledger account?
Answer:
C. Accounts Receivable
Explanation: I took the test on usa test prep.
Vince’s Vehicle Repairs has a gross profit margin of 60% and a net profit margin of 22%. Turnover was £180000. Calculate other expenses
The net profit margin is calculated as follows:
Net Profit / Sales
We know the net profit margin is 22% and sales is £180000, so we can calculate the net profit:
Net Profit = 22% * £180000Net Profit = £39600
Gross profit is calculated as follows:
Gross Profit = Sales - Cost of Goods Sold (COGS)
We know the gross profit margin is 60% and sales is £180000, so we can calculate the gross profit:
Gross Profit = 60% * £180000
Gross Profit = £108000
The COGS can then be calculated as follows:
COGS = Sales - Gross Profit
COGS = £180000 - £108000
COGS = £72000
The other expenses are calculated as follows:
Other Expenses = COGS - Net Profit
Other Expenses = £72000 - £39600
Other Expenses = £32400
So the other expenses for VINCE’s Vehicle Repairs are £32400.
What is the best way to protect the environment when we shop? Do you agree with Adler’s view that what we buy is more important than what we carry it in? What answer would you propose to this environmental problem?
Keeping the shop surroundings clean and ensuring protection requires great effort both from the seller.
Sellers need to do the following to ensure good sanitation:
Ensure a good drainage system to prevent pillage of debris.Having a waste collector and make it empty everyday.Numerous cleaning pattern in a day.Fumigation are very important to keep the environment germs free.However, i agree with Adler’s because the value of a product or the value its offered is more important that what its look physically.
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drop the name of a person you want a follow back from on Instagram .
drop names and keep it going of the person of your choice and you get a follow back at the strike of midnight .
Answer:
addison rae lol because i need a bad bleep hahaha
Explanation:
Answer:
cardi b because I want to know how to get the Wap lol
Suppose the Mexican economy starts at r2 and e2. Which of the following new equilibrium is consistent with capital flight?
Let's assume that the Mexican economy begins at r2 and e2. Capital flight is supported by the new equilibrium represented by r3 and e1.
What is equilibrium?Many instances of equilibrium include a book that is open and at rest. a vehicle that is going steadily. a chemical process where both the forward and backward rates of reaction are equal. When all of the forces acting on a body are perfectly balanced, the body is said to be in equilibrium and does not move. An object is considered to be in a condition of equilibrium when all the forces acting on it are in balance. A thing is in an equilibrium state when it is at rest.All forces acting on the body must balance out with an equal and opposing force for equilibrium to exist.To learn more about equilibrium, refer to:
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Why did you become a small business owner? what is the origin story of your business?.
Answer:
You might have a reason for wanting to start your own business, like capitalizing on an opportunity or fulfilling a need in your community. Or you might have no idea why this sensation is pulling you. That’s OK. There’s no right or wrong motivation for wanting to start your own business.
Explanation:
A new equipment requires an investment of $130,000 to generate an income of $20,000 for the first 3 years, thereafter, increasing by $10,000 for the remaining life of 10 years. To recover the investment under a no-return payback condition it will take:
To recover the investment under a no-return payback condition, it will take 6 years.
The payback period is a financial metric used to determine how long it takes to recover the initial investment in a project or equipment. In this case, the investment for the new equipment is $130,000, and the income generated is $20,000 for the first 3 years, increasing by $10,000 for the remaining 10 years.
To calculate the payback period, we need to determine when the total cumulative income equals or exceeds the initial investment. For the first 3 years, the total income generated would be $20,000 per year, resulting in a cumulative income of $60,000. We subtract this from the initial investment of $130,000, leaving a remaining amount of $70,000.
Since the income increases by $10,000 per year for the remaining 10 years, it will take an additional 7 years to accumulate $70,000. Therefore, the total payback period would be 3 years + 7 years = 10 years.
However, since we are looking for the payback period under a no-return condition, where no income is generated after recovering the investment, we subtract the additional 7 years from the total payback period. Hence, the final payback period under a no-return condition is 10 years - 7 years = 6 years.
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how long do you have to be unemployed to get unemployment?
Answer:
There is no fixed period. After u completed your studies, u dont have a job then u are 'unemployed'.Jackson and Elsa, a married couple who will file jointly, are both teachers. In 2020, Jackson had receipts totaling $325 in qualifying expenses for his classroom. Elsa had receipts totaling $290. The maximum amount of educator expenses they may deduct is: $250 $370 $500 $615
Consequently, $615 is the maximum amount of educator expenditures that can be written off.
What are basic expenses?As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being housing, food, clothing, transportation, healthcare, and pertinent miscellaneous items. Financial costs are those incurred by the business for any form of funding, including loan interest. Tax expenses are the costs owing to authorities as a result of profits made during the accounting period and are shown below the profit before tax line.
What are expenses in business?The money spent or costs incurred by a firm in an endeavour to create revenue are known as expenses. This could take the shape of expenses like paying employees' salaries or paying suppliers. Tax-deductible business expenses can be deducted from income tax to reduce taxable income and tax liabilities. It is essential to keep track of your spending every day after creating a budget, which is a monthly spending plan that takes your income and expenses into account.
Briefing:Jackson Receipts totaling = $325
Elsa Receipts totaling = $290
Therefore the maximum amount = Jackson Receipts totaling+ Elsa Receipts totaling
=325+290
=$615
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A machine does 200J of work in 35seconds , calculate the power developed
The required power developed by the machine is 5.714 Joule per second.
Power generated by a machine is defined as the work done by a machine in a single unit of time.
Power = work/time
Unit of power is joule per second
Here,
A machine does 200J of work in 35seconds
Power generated by the machine is given as,
Power = work/time
Substitute the value in the above equaiton,
Power = 200 / 35
Power = 5.714 J/s
Thus, the required power developed by the machine is 5.714 Joule per second.
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the closing of factories with unused capacity is an example of a stability strategy. (True or False)
A stability strategy focuses on maintaining the current state of the organization, while a retrenchment strategy involves reducing the size or scale of operations to improve efficiency and effectiveness.
False. The closing of factories with unused capacity is not an example of a stability strategy. A stability strategy is focused on maintaining the current level of operations and avoiding significant changes.
The closing of factories with unused capacity is more likely an example of a retrenchment or cost-reduction strategy aimed at improving the company's financial performance. The closing of factories with unused capacity is an example of a retrenchment strategy, not a stability strategy. A stability strategy focuses on maintaining the current state of the organization, while a retrenchment strategy involves reducing the size or scale of operations to improve efficiency and effectivenes.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
what is sole proprietorship examples?
Small businesses like a neighborhood grocery store, a neighborhood clothing store, an artist, a freelance writer, an IT consultant, a freelance graphic designer, etc. are examples of sole proprietors.
An independent business owner who hasn't registered their company as another sort of business entity is known as a lone proprietor. Many sole proprietorships do not register with the state, but if you are operating under a name different than your legal name, it is advised that you do so. Several owners are not present in sole proprietorships, which are also not registered as corporations or LLCs. Limited liability corporations (LLCs) and sole proprietorships are used for various things. An LLC is usually the best option for companies that need to hire staff and have a higher risk of liability. Since you have the option to elect to be treated like a corporation, an LLC also allows you greater freedom in how your company is taxed.
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What refers to a number constant that appears in code without explanation?
Magic number refers to a number constant that appears in code without explanation.
A magic number is a numeric constant in computer programming that appears in code without explanation or a clear reason for its specific value.
It is often used as a placeholder or hard-coded value in algorithms or programs and can make the code difficult to understand, maintain, and modify.
For example, a programmer might use the number "7" as a magic number in a code snippet to determine the size of an array, but the reader of the code would not understand the significance of "7" without additional context.
To improve the readability and maintainability of code, it is generally recommended to avoid using magic numbers and to instead assign the values to descriptive, meaningful constants or variables. This makes it easier for other programmers to understand the purpose of the code and to make changes if necessary.
For example, instead of using the magic number "7" to determine the size of an array, the programmer could create a constant named "ARRAY_SIZE" and assign it the value "7." This way, the reader of the code would immediately understand the purpose of the constant and its value.
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Imagine that you are starting your own small business selling your photography services. You are planning to start small because you don’t have a lot of start-up funds; however, you know that it is important to have a website. You have decided to design and create your own website until you can afford a web designer. What elements will you include to ensure that your site is accessible and user-friendly? Explain and describe what essential elements you will focus on and include on your website and why.
The elements you should include to ensure your site is accessible and easy to use are:
PortfolioObjective languageContact informationVisual informationWhat elements should be focused on when creating a website?To sell a service, like the photographs exemplified in the question, it is essential that you first focus on creating a system with a simple programming that allows the target audience to easily find the information to contact you and your work portfolio.
Therefore, a website is essential for the business to build an online presence, where stakeholders can find all the information they need in an easy and objective way.
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Good domain name, website hosting, Portfolio, Objective language, contact information and Visual information are some of the essential elements.
What is start-up?A startup is a business that is just starting out. When one or more business owners wish to provide a good or service they think there is a market for, they launch startups.
One or two entrepreneurs who are driven to close a market gap with an innovative good or service commonly run startups. A startup business is more focused on quick and profitable growth within its target market than a small business that often prefers to remain small.
Thus, Good domain name, website hosting, Portfolio, Objective language.
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.Vivian, owner of Titan Corp., uses Titan Corp. as a way to order merchandise for her personal benefit and fails to pay for the merchandise. Creditors who have shipped merchandise to Titan want to sue Vivian personally. Which of the following legal doctrines would allow a personal suit against Vivian?
A) De facto corporation
B) Corporation by estoppel
C) Piercing the corporate veil.
D) De jure corporation
The legal doctrine that would allow a personal suit against Vivian in this scenario is piercing the corporate veil. The correct option is C.
This doctrine allows creditors or other parties to hold the owner(s) of a corporation personally liable for the debts or obligations of the corporation if they can prove that the owner(s) used the corporation to engage in fraudulent or illegal activities, or if they can demonstrate that the corporation was not truly a separate legal entity from its owner(s).
In this case, Vivian has used Titan Corp. to order merchandise for her personal benefit without paying for it, which could be seen as fraudulent activity. If creditors can demonstrate that Titan Corp. was not a legitimate separate legal entity, and that Vivian used it to engage in fraudulent activity or to avoid personal liability, they may be able to pierce the corporate veil and sue Vivian personally for the unpaid debts.
It's important to note that piercing the corporate veil is not an easy task and requires strong evidence to be successful. However, if creditors can prove that Vivian was using Titan Corp. in an illegitimate way, they may be able to hold her personally responsible for the unpaid merchandise. The correct option is C.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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ILL GIvE BRIANLEST PLZZZ HELP
Flowcharting clarifies what will happen in a process or
a. What needs to happen
c. What is predicted to happen at a future date
b. What is estimated to happen
d. None of these Please select the best answer from the choices provided A B C D
Answer:
What is estimated to happen
Explanation:
Flowcharts are created to gather information to determine what will or what could happen.
Answer:
D
Explanation:
government purchases are assumed to be autonomous because they are
Government purchases are assumed to be autonomous because they are typically independent of the level of income or economic activity in the economy. They are determined by government policy decisions and are not directly influenced by changes in income, consumption, or other economic factors.
Autonomous government purchases refer to government spending that is not directly influenced by changes in the level of income or economic activity in the economy. Government purchases are considered autonomous because they are primarily driven by policy decisions made by the government rather than being responsive to changes in economic conditions.
Government spending decisions are influenced by various factors such as public policy objectives, political considerations, national priorities, and budget allocations. They are determined through the government's budgetary process, which involves planning and allocating funds for different sectors and programs.
Unlike other components of aggregate demand, such as consumption or investment, government purchases are not directly influenced by changes in income or economic fluctuations. They are considered exogenous to the economy and are often used as a policy tool to stabilize the economy or promote specific objectives, such as infrastructure development, defense spending, or social welfare programs.
The assumption of autonomous government purchases helps in analyzing the impact of government spending on aggregate demand and overall economic activity. It allows economists and policymakers to study the effects of changes in government spending levels or policies on the economy without considering the feedback effects from changes in income or output.
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Differentiate the differences between a Vickrey auction and an
English auction?
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Petty cash fund entries journalize the entries to record the following: check no. 12-375 is issued to establish a petty cash fund of $1,200. the amount of cash in the petty cash fund is now $396. check no. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $466; miscellaneous selling expense, $193; miscellaneous administrative expense, $121. (because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.) question content area a. journalize the entry to establish the petty cash fund. if an amount box does not require an entry, leave it blank. blankaccountdebitcredit blank - select - - select - - select - - select - question content area b. journalize the entry to replenish the petty cash fund. for a compound transaction, if an amount box does not require an entry, leave it blank.
The journal entries to establish and replenish the petty cash fund would be: Debit: Petty Cash Fund 500, Cash 476, Cash Short and Over 24; Credit: Cash 500, Petty Cash Fund 500, Office Supplies 212, Miscellaneous Selling Expense 156, Miscellaneous Administrative Expense 61.
a. Establish Petty Cash Fund:
Debit: Petty Cash Fund 500
Credit: Cash 500
b. Replenish Petty Cash Fund:
Debit: Cash 476
Debit: Cash Short and Over 24
Credit: Petty Cash Fund 500
Credit: Office Supplies 212
Credit: Miscellaneous Selling Expense 156
Credit: Miscellaneous Administrative Expense 61
a. The initial sum of money placed in the petty cash fund is recorded in the journal entry used to create it. The full $500 is deducted from the petty cash pool, and the same amount is credited to cash.
b. The extra money added to the petty cash fund is noted in the diary entry to replenish it. The full $476 from the replenishment check is debited to the cash account.
The $24 discrepancy between the replenishment check and the fund's value is deducted from the Cash Short and Over account.
The full $500 is credited to the Petty Cash Fund. The sums shown in the summary of receipts are all credited to the accounts for office supplies, other selling expenses, and other administrative expenses.
Complete Question:
Petty Cash Fund Entries
Journalize the entries to record the following:
Check No. 12-375 is issued to establish a petty cash fund of $500.
The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.
b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank.
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TRUE OR FALSE 27) Identifying the stakeholders—people who have a vested interest in the outcome of the decision—is the last step in analyzing an ethical issue.
Identifying the stakeholders—people who have a vested interest in the outcome of the decision—is the last step in analyzing an ethical issue. The statement is false.
Analyzing ethical problems is a systematic approach that examines moral decisions in any case or circumstance. It consists of a sequence of actions used to identify problems.
The majority of those affected by moral harm or any ethical imbalance are stakeholders. Stakeholders are individuals who have an ownership stake in the outcome of the decision. Acknowledging stakeholders is the first step in recognizing an ethical issue.
Therefore, the statement is False.
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which of the following is true? selected answer: incorrecte. a and b of the above answers: a. being a single seller is a sufficient but not a necessary condition for the possession of monopoly power b. being a single seller with permanent government support is sufficient for the possession of monopoly power c. being a single seller is neither a sufficient nor a necessary condition for the possession of monopoly power d. being a single seller is both a sufficient and a necessary condition for the possession of monopoly power e. a and b of the above correctf. b and c of the above
Being a single seller is not a sufficient but is a necessary condition for the possession of monopoly power, the monopoly require, one firm, large buyers, no close substitute and barrier to entry, all this in group is sufficient condition but individually every condition is necessary.
Monopoly power refers to the control a single business or small group of businesses, sometimes known as monopolists, have over determining the pricing in a certain market. When one business is the exclusive supplier of a good or service in a certain market sector, there is a monopoly.
Examples of natural monopolies include companies that provide utilities such as electricity and natural gas. They are monopolies because it is expensive to enter the market and because newcomers are unable to offer the same services in quantities and at prices comparable to the dominant firm.
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Only systematic risk commands an equity risk premium because... rational investors hold diversified portfolios. systematic risk is synonymous with company-specific risk. independent risks cannot be eliminated through diversification.
Only systematic risk commands an equity risk premium because rational investors hold diversified portfolios.
This means that they are able to eliminate company-specific risks through diversification. However, systematic risk affects the entire market and cannot be eliminated through diversification.
Therefore, investors demand a higher return for bearing this risk. In other words, investors require a premium for bearing systematic risk.
On the other hand, independent risks cannot be eliminated through diversification and therefore, command a higher expected return. However, these risks are not considered systematic risks and do not command an equity risk premium.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many hours of overtime did she work?
Answer:
8 hours
Explanation:
Here, we want to know the number of overtime hours worked.
From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours
What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time
Which of the following is true of agency relationships?
Agency relationships are created between a principal and an employee, who represents the principal to an agent.
Legally binding agency relationships may be formed between a principal who is a minor and an agent, if the agent is a fully capable adult.
Agency relationships require an exchange of consideration to be formed.
Agency relationships are created between a principal and an agent, who represents the principal to a third party.
The true statement regarding agency relationships is: Agency relationships are created between a principal and an agent, who represents the principal to a third party.
In an agency relationship, the principal grants authority to an agent to act on their behalf in certain matters. The agent represents the principal's interests and may make decisions, enter into contracts, or perform other actions on behalf of the principal. The agent acts as a liaison between the principal and third parties, carrying out tasks and obligations as authorized.
Legally binding agency relationships generally require the principal's capacity to form a contract. While a minor may not have the legal capacity to form an agency relationship, exceptions exist in certain situations. However, the general rule is that agency relationships are established between a principal and an agent, with the agent representing the principal to third parties.
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Interpretations provide additional guidance regarding the scope and applicability of the _______.
A. rules of conduct
B. standards
C. conceptual framework
D. principles
Based on AICPA Code of Professional Conduct , Correct option is A, Interpretations provide additional guidance regarding the scope and applicability of the rules of conduct.
The AICPA Code of Professional Conduct, which is applicable to all AICPA members, contains guiding principles, rules, interpretations, and other information.
The principles serve as the foundation for the laws that control how their professional duties are carried out.
All CIMA members (and enrolled students) are subject to the CIMA Code of Ethics for Professional Accountants, which is composed of guiding principles.
The AICPA regulations and CIMA principles have both been incorporated and aligned in accordance with the CGMA code, which was created by aligning the AICPA and CIMA codes.
The applicable rules must be followed by CGMAs who are members of the AICPA, whereas the essential principles must be followed by CGMAs who are members of CIMA.
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5. What is positioning? Identify the different positioning strategies presented in the chapter and give examples of companies or products that illustrate each
Positioning refers to the way a company or product is perceived in the minds of consumers relative to its competitors. The goal of positioning is to create a unique and desirable image for the brand in the minds of consumers.
The different positioning strategies presented in the chapter include:
1. Value Positioning: This strategy focuses on offering high quality at a low price. Examples of companies that use this strategy include Walmart, Costco, and Aldi.
2. Attribute Positioning: This strategy focuses on highlighting a specific attribute or benefit of the product. Examples of companies that use this strategy include Volvo for safety and Mercedes-Benz for luxury.
3. Benefit Positioning: This strategy focuses on highlighting the benefits of the product, such as convenience, health, or environmental impact. Examples of companies that use this strategy include Whole Foods for healthy food options and Zipcar for convenience.
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.
rank order the different eras of marketing by putting the earliest at the top to the most recent at the bottom.
Answer:#1- production, #2- sales, #3-marketing concept, #4- customer relationship
Explanation:
The different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
What is marketing?
The practice of a business of promoting the purchase and sale of goods and services is referred to as “marketing.” Promotion, publicity, and advertising make up marketing. The marketing are the important part of the economies. The marketing are the based of the consumer behavior.
The marketing are the putting the earliest at the top to the most recent are the ranking on the top to bottom. The first is the production, sales, marketing concept, and the customer relationship. There is the marketing is the promotion of the audience. There are the earliest in the top to the bottom.
As a result, the different eras of marketing by putting the earliest at the top to the most recent at the bottom rank are the production, sales, marketing, and customer.
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