In the case of an entrepreneur considering building a hotel in a town with only one other hotel, it would be more advantageous to build a clearly differentiated hotel rather than an identical one. Here's the logic behind this decision:
1. Market differentiation: By building a hotel that offers unique features, services, or experiences, the entrepreneur can attract a wider range of customers, including those who may not be satisfied with the offerings of the existing hotel. This can help the new hotel establish a niche market and attract clientele who seek something different.
2. Competitive advantage: A clearly differentiated hotel can create a competitive advantage by offering unique benefits that the existing hotel cannot. This can make the new hotel more appealing to potential customers and can help establish customer loyalty.
3. Pricing strategy: A differentiated hotel can set its own pricing strategy based on the unique features and services it provides. This can allow the entrepreneur to charge higher prices for specialized services or experiences, leading to potentially higher revenue and profit margins.
4. Brand image: A differentiated hotel can help establish a strong and unique brand image for the entrepreneur. This can lead to increased brand recognition and customer loyalty, which can help sustain the hotel's success in the long run.
In summary, the entrepreneur should build a clearly differentiated hotel to create a competitive advantage, establish a niche market, set a unique pricing strategy, and build a strong brand image. This approach is more likely to lead to long-term success in the hotel industry.
Learn more about entrepreneur: https://brainly.com/question/31576419
#SPJ11
Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances.
$ 404 $ 74 $ 234 $ 586 $ 426 $ 215 $ 123 $ 55 $ 43 $ 621
87 714 68 489 57 185 465 758 72 863
703 387 642 440 37 252 27 521 302 748
968 712 503 489 912 608 358 425 303 203
(a) Tally the data into a frequency distribution using $100 as a class interval and $0 as the starting point.
Balance Frequency Cumulative frequency
0 up to 100 100 up to 200 200 up to 300 300 up to 400 400 up to 500 500 up to 600 600 up to 700 700 up to 800 800 up to 900 900 up to 1000 Total (b) The bank considers any student with an ending balance of $300 or more a "preferred customer." Estimate the percentage of preferred customers. (Round UP the percentage value.)
Percentage %
(c) The bank is also considering a service charge to the lowest 20 percent of the ending balances. What would you recommend as the cutoff point between those who have to pay a service charge and those who do not?
$50
$75
$150
$100
Tally the data into a frequency balance distribution using $100 as a class interval and $0 as the starting point.
Balance Frequency Cumulative frequency $0 up to $100 4 4$100 up to $200 6 10$200 up to $300 7 17$300 up to $400 7, 24$400 up to $500 8 32, $500 up to $600 2 34$600 up to $700 3 37$700 up to $800 2 39$800 up to $900 0 39$900 up to $1000 0 39 Total 40 (b) The bank considers any student with an ending balance of $300 or more a "preferred customer."
Estimate the percentage of preferred customers. (Round UP the percentage value.)Percentage = $$\ frac {7+8+2+3}{40}$$×100% = 50% rounded up.
To know more about balance visit:
https://brainly.com/question/28423871
#SPJ11
Word of mouth promotion is also known as what?
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
Learn more about Word-of-mouth marketing, from:
brainly.com/question/15472521
#SPJ6
During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.
The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.
What is a snow storm?When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.
These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.
Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.
Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.
Learn more about snow storm, here
https://brainly.com/question/29697260
#SPJ1
no warrants shall issue, but upon probable cause, . . . and particularly describing the place to be searched, and the persons or things to be seized." This section of the 4th Amendment to the United States Constitution addresses the issue of
This section addresses the issue of protecting citizens from unreasonable searches and seizures by the government, ensuring that their privacy and property rights are respected.
The issue of unreasonable searches and seizures by the government. The 4th Amendment requires that a warrant can only be issued if there is probable cause to believe that a crime has been committed, and the warrant must specifically describe the place to be searched and the items to be seized. This protects citizens from arbitrary searches and seizures by the government. The phrase "no warrants shall issue but upon probable cause, particularly describing the place to be searched and the persons or things to be seized," is a part of the 4th Amendment to the United States Constitution.
To learn more about the 4th Amendment, visit:
https://brainly.com/question/17104412
#SPJ11
What is the One Club? They asked me this on my homework assignment.
Answer:
The One Club is an American non-profit organization that recognizes and promotes excellence in advertising. Founded in New York City as The One Club for Art & Copy, The One Club produces four annual award competitions: One Show, One Show Design, One Show Interactive and One Show Entertainment.Briefly explain two ethical values that are necessary for all accountants.
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.
The Government of Country Y owns and controls many businesses. "The public sector always produces goods and services more efficiently than privately owned businesses', a Government minister recently said. Other ministers disagree and want to privatize many state-owned businesses. The private sector businesses in Country Y produce 55 per cent of total output - mainly in services such as transport, tourism and finance. The secondary sector of industry produces 35 per cent of total output.
Answer:
what do i have to answer?
Explanation:
The concern businesses have for the welfare of society, not just for their owners is?
The concern businesses have for the welfare of society, not just for their owners is Corporate social responsibility.
A society is a group of individuals or large social groups engaged in an ongoing social interaction that shares the same spatial or social territory and usually has the same political authority and general cultural expectations. Is subject to.
Society is defined as a group of people who live as a group of people who are community or organized for a common purpose. An example of society is Lancaster, Pennsylvania. An example of an association is American Catholic daughters.
Learn more about society here:https://brainly.com/question/1036493
#SPJ4
office administration.Prepare for filling in order.
This (office administration) simply means to arrange the above in alphabetical order like this;
An Apple SpotA1 TaxiDriveByFine Foods LtdFirst Caribbean BankMalcolm Stephens & SonsNorth Eastern Funeral AssociationPortsmouth Police StationSt. John's Primary School21 Century Printers.What is office administration?Within a company, office administration is a collection of day-to-day operations connected to the upkeep of an office building, financial planning, record keeping and billing, personal development, physical distribution, and logistics.
Finally, administrative abilities are connected to corporate operations and enhancing office productivity. Communication and organizational abilities, as well as project management, bookkeeping, and time management skills, are among them.
Learn more about office administration at:
https://brainly.com/question/4216255
#SPJ1
In 2013, the Oakland A's were one of the hottest teams in baseball. They were regularly drawing "sellout" crowds, with many more fans wanting tickets. However, the A's did not sell all of the 56,000 seats. The A's removed or put tarps over roughly 20,000 seats in most of the third deck and the outfield stands. The A's management said that the reason was to create a more intimate feeling for the fans. What's another explanation? The A's removed or put tarps over roughly 20,000 seats to
Answer:
The other reason was to limit the number of special seats to charge a higher price for them.
Explanation:
Oakland A's knows that it has a large number of dedicated fans and that they are thirsty for tickets to watch the games, as these tickets are in high demand. In this case, when Oakland A's puts tarps or removes only on 20,000 seats and claims that it is to promote a more intimate experience for fans, it is because it knows that fans will want to occupy these special places, no matter what price they need to pay. In this case, we can say that a probable reason for the existence of these 20,000 unavailable seats is to increase the profit from ticket sales, by charging a higher price for the available seats.
Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)
Answer:
the second one
Explanation:
prettyu sure,
only can claim is tim parents and he has no other choice but to return the file tax return
Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return
According to the IRS, Tim can be claimed as a dependent by his parents because:
He is their son He is a student who is younger than 23 He lives with his parentsHe also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.
In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.
Find out more at https://brainly.com/question/19910807.
Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answer:
$62.50 more
Explanation:
please mark branliest
St. Joseph hospital has the following balances on december 31, 2024, before any adjustment: accounts receivable
Accounts receivable is the amount of money owed to a business by its customers for goods or services that have been delivered or used, but not yet paid for.
What is customers?Customers are people who purchase goods and services from a business or organization. They are essential to any company's success as they provide the revenue needed to sustain operations. Understanding customer needs is important for any business to succeed, as customers will only purchase goods and services that meet their needs. Companies must focus on customer satisfaction, as this will lead to repeat business and referrals. Companies can do this by listening to customer feedback, providing quality products and services, and building relationships with customers. Additionally, companies can use data to understand customer preferences, needs, and behaviors. By understanding customers, companies will be better positioned to provide the products and services that meet their needs and exceed their expectations.
To learn more about customers
https://brainly.com/question/26313265
#SPJ1
Assume that labor and capital are the only two inputs a perfectly competitive firm uses to produce wheat. The firm hires its inputs in perfectly competitive input markets. The unit price of labor is $8 and of capital is $20. When the firm employs the profit-maximizing combination of these two inputs, the marginal product of labor is 2 tons of wheat and of capital is 5 tons of wheat. The price of wheat per ton must be
The price of wheat per ton must be $4 when profit-maximizing combination is employed.
What is Price?This is defined as the amount of money that has to be paid to acquire a given product.
To get the price per ton for the company to make profit, we find the ratio of the unit price of labor to the marginal product of labor.
$8 / $2 = $4.
Read more about Price here https://brainly.com/question/24877850
what is the maximum amount william could borrow from this policy if it has been in force ten years?
It depends on the specific terms of William's policy. William should review the policy documents or contact his insurance provider to determine the maximum amount he could borrow.
The maximum amount William could borrow from his life insurance policy after ten years will depend on the specific terms of his policy. Typically, policies allow policyholders to borrow against the cash value of their policy, which accumulates over time. However, borrowing from a life insurance policy can impact the death benefit and may incur interest charges. William should review his policy documents or contact his insurance provider to determine the maximum amount he could borrow and any associated fees or consequences. It is also important to consider the long-term impact on the policy's value and the potential tax implications. Before borrowing against a life insurance policy, it is recommended to consult with a financial advisor to ensure it aligns with overall financial goals and strategies.
To know more about the insurance policy visit:
https://brainly.com/question/10278998
#SPJ11
which of the following are risks that Banks must prepare for select 3 answers
Answer:
I think the 3rd one it would be (Too many people taking money out at once)
Explanation:
is like if 4 people are asking you something at the same time it will be frustrating for the employees.
Hope it helps! :)
The bank risks that the banks must prepare for are:
Borrowers who don't pay the bank back.Too many people taking money out of the bank at once.Interest rates falling.What are bank risk?The bank risk can be defined as the risk suffered by the banks while carrying on its banking operations. The bank risk may arise due to customers, or other market factors.
To avoid the severe effects of the risks, banks must prepare for the risks in advance. The risk of lack of money or bad debts are some of the bank risks.
If many of the customers withdraw their money at once, this will affect the liquidity of the bank. When many lenders do not pay their debts, this too makes money shortage in the bank. Also fall in interest rate is a loss to the bank. These risks should be taken into prior consideration and they should be prepared before hand.
Therefore the correct options are:
Borrowers who don't pay the bank back.Too many people taking money out of the bank at once.Interest rates falling.Learn more about bank risk here:
https://brainly.com/question/8632100
Why would a borrower get a cosigner for a loan?
If the principal borrower defaults on a loan, the co-signer agrees to assume repayment of the debt.
Why would someone co-sign for a loan?
When you cosign for someone, you agree to be held accountable for the loan, lease, or other contract should the primary borrower be unable to make the required payments.
Everything for which you cosign will appear on your credit record as if it were your own, which, depending on your credit history, may have an influence on your credit ratings.
What distinguishes a cosigner from a guarantor?
The lease is signed by a cosigner and guarantor who both agree to be responsible for paying the rent. Whereas a guarantor is only obligated to make payments if the principal borrower is unable or unwilling to do so, a cosigner is accountable from the moment they sign the loan.
Learn more about a co-signer
brainly.com/question/28997384
#SPJ1
Downsizing is a popular method among employees because it increases long-term organizational effectiveness.
True
False
The statement "Downsizing is a popular method among employees because it increases long-term organizational effectiveness." is false because downsizing is not a popular method among employees.
Downsizing is a strategy used by organizations to reduce the number of employees, which may lead to increased efficiency and effectiveness but can negatively impact employee morale and job security.
Downsizing is a method used by companies to reduce costs, streamline operations, and improve organizational effectiveness in the long term. This is achieved by eliminating jobs, restructuring departments, or consolidating positions.
While it may lead to some benefits for the organization, such as cost savings and improved efficiency, it is generally not popular among employees. The reason is that downsizing often results in job loss, increased workload for remaining employees, and a sense of insecurity within the workplace.
Employees who survive the downsizing process may also experience survivor's guilt and decreased job satisfaction, which can negatively affect the overall morale and productivity of the organization.
In summary, downsizing is a method aimed at improving organizational effectiveness but is not popular among employees due to its negative consequences on job security and workplace morale.
To know more about Downsizing click on below link:
https://brainly.com/question/30653927#
#SPJ11
What is decreasing marginal utility?
Answer:
Diminishing Marginal Utility. Consuming one candy bar may satisfy a person's sweet tooth. If a second candy bar is consumed, the satisfaction of eating that second bar will be less than the satisfaction gained from eating the first. If a third is eaten, the satisfaction will be even less.
If the police want to enter a home to find evidence, what must they request?
A. An affidavit of probable cause
O B. A search warrant
O
C. A witness' testimony
о D. A motion for arraignment
SUBM
Answer:
B. A search warrant
Explanation:
hope it helps
* I ONLY HAVE AN HOUR LEFT*
The relationship between the level of spending and the income earned is :
A)Positive
B)Negative
Answer:
Positive.
Explanation:
The relationship between the level of spending and the income earned is positive. This implies that there is a relationship in which both indicators run in parallel, so that if income rises, the level of expenses will also tend to rise; While if income falls, the same will necessarily happen with the level of spending.
This occurs for a logical question: the greater the amount of money earned by a person, the greater the amount of money available to him to spend on different goods and services; and vice versa.
Credit sales 172,000 collections on accounts receivable during the year 170,000 cash sales 818,000 unadjusted debit balance in allowance for doubtful accounts 40 sales returns and allowances for credit sales 2,000 accounts receivable, beginning 14,000.If expected bad debts are estimated to be 1 1/2% of ending accounts receivable, the adjusting entry to recognize bad debts will include a debit to bad debt expense for a) $170 b)$190 c) $250 d) $210
Answer:
$250 ( C )
Explanation:
using the given data below is the entry
The adjusting entry to recognize bad debts will include a debit to bad debt expense for
particulars amountBeginning accounts receivable 14000
+ Credit sales made during the year 172000
(-) collections from debtors (170000)
(-) expected salary return & allowances for credit sales (2000)
Ending accounts receivable 14000
Percentage of bad debt 1.5%
Total bad debts balance required ( 14000*1.5%) 210
+ Already debit balance in allowance for doubtful account 40
Total debit to be made in bad debts 250
Total debts = total bad debts balance required + already debit balance in all
= 210 + 40 = $250
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
Learn more about interview here:
https://brainly.com/question/15128068
#SPJ5
6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
2) Explain using welfare measures whether consumers prefer a single price monopoly or a perfectly price discriminating monopoly.
Welfare measures refer to measures used by the government to evaluate social welfare. Welfare measures could include consumer surplus, producer surplus, deadweight loss, and total surplus.A single-price monopoly is a market in which a single firm controls the entire market and sells at a single price.
A perfect price-discriminating monopoly is a market in which a single firm controls the entire market and charges different prices to different customers based on their willingness to pay. The price for each customer is equal to their marginal benefit.
Considering consumer surplus, a single-price monopoly will produce less of the good compared to a perfect price-discriminating monopoly. Consumers in a single-price monopoly market will experience a lower level of welfare as their surplus is reduced, while a perfect price-discriminating monopoly maximizes the consumer surplus.
To know more about monopoly refer here
brainly.com/question/31918762
#SPJ11
What is regulatory compliance in scrum?
Compliance refers to a strategy and a set of activities and artifacts that permit groups to follow Lean-Agile improvement methods to construct structures that have the easiest possible quality, while concurrently making sure they meet any regulatory, industry, or other relevant standards.
What is intended by way of regulatory compliance?Regulatory compliance is an organization's adherence to laws, regulations, pointers and specs applicable to its commercial enterprise processes. Violations of regulatory compliance frequently result in legal punishment, including federal fines.
What is regulatory compliance example?Regulatory Compliance Definition
Some examples of regulatory compliance rules include The U.S. Health Insurance Portability and Accountability Act of 1996 (HIPAA), the Sarbanes-Oxley Act of 2002, and the European Union's General Data Protection Regulation of 2016 (GDPR).
Learn more about regulatory compliance here:
https://brainly.com/question/13908266#SPJ4Which document provides a brief summary of an applicant’s personal information, education, skills, work experience, activities, and interests?
a.
résumé
b.
cover letter
c.
networking letter
d.
personal goal statement
A resume is a document that provides a brief summary of an applicant’s personal information, education, skills, work experience, activities, and interests. Thus, option 'A' is the correct option.
What is a resume?A curriculum vitae, often known as a resume or CV, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are many uses for resumes, they are most frequently employed to find new jobs. A standard resume includes a "summary" of relevant educational background and work history.
The resume is normally one of the first things a potential employer sees about a job seeker, along with a cover letter and occasionally an application for employment, and is commonly used to screen applicants, frequently followed by an interview.
Learn more about resumes, here:
https://brainly.com/question/4071549
#SPJ1
What is the major source of tax revenue for local government
Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, which is an example of
Daimler AG agreeing to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, is an example of countertrade
What is Countertrade?Countertrade is the means by which good and services is being paid for, with other goods or services, instead of with money.
Examples of countertrade include:
BarterCounter purchaseOffsetsFrom the question, since Daimler AG agreed to sell 30 trucks to Romania in exchange for 150 Romanian-made Jeeps, hence countertrade has occurred.
Learn more countertrade on https://brainly.com/question/14659049
According to the concept of the invisible hand, what emerges due to the self-interested
choices of buyers and sellers in a free market?
Answer: The invisible hand is a metaphor for how, in a free market economy, self-interested individuals can promote the general benefit of society at large.