Describe the economic development of Singapore over time since
1980.

Answers

Answer 1

Singapore's economic development since 1980 has been impressive, driven by investments, pro-business policies, innovation, and a skilled workforce.

Since 1980, Singapore has experienced a remarkable economic transformation, marked by sustained growth, diversification, and increasing prosperity. The country's economic development can be attributed to several key factors.

Firstly, Singapore has adopted a strategic approach to economic development, focusing on key sectors such as manufacturing, finance, and services. The government has actively attracted foreign direct investment (FDI) through favorable tax policies, robust infrastructure development, and a skilled workforce. This has helped Singapore become a global business and financial hub.

Secondly, Singapore has prioritized investments in education and skills development, ensuring a highly educated and adaptable workforce. The government has placed a strong emphasis on technical and vocational education, as well as fostering a culture of lifelong learning. This has helped Singapore maintain a competitive edge in an evolving global economy.

Thirdly, Singapore has embraced innovation and technology as drivers of economic growth. The country has invested heavily in research and development, creating an environment conducive to innovation and entrepreneurship. This focus on innovation has enabled Singapore to stay ahead in industries such as biotechnology, electronics, and information technology.

Overall, Singapore's economic development since 1980 can be characterized by its strategic approach, investment in human capital, and emphasis on innovation. The country's success serves as a model for other nations seeking sustainable economic growth and prosperity.

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Related Questions

you’ve been given the following data: net exports $4 net foreign factor income 2 investment 185 government spending 195 consumption 500 depreciation 59 from these data, calculate gdp, gnp, and ndp.

Answers

To calculate GDP (Gross Domestic Product), GNP (Gross National Product), and NDP (Net Domestic Product), Net exports we can use the following

formulas: GDP = Consumption + Investment + Government Spending + Net Exports GNP = GDP + Net Foreign Factor Income NDP = GDP - Depreciation Given the data provided: Net Exports = $4 Net Foreign Factor Income = $2 Investment = $185 Government Spending = $195 Consumption = $500 Depreciation = $59 Using the formulas: GDP = $500 (Consumption) + $185 (Investment) + $195 (Government Spending) + $4 (Net Exports) = $884 GNP = $884 (GDP) + $2 (Net Foreign Factor Income) = $886 NDP = $884 (GDP) - $59 (Depreciation) = $825 Therefore, the calculated values are: GDP = $884 GNP = $886 NDP = $825

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List the four ways to become a business owner.

Answers

Answer:

1. Start your own business;

2.Take over a family-owned business.

3. Buy a franchise.

4. Buy an existing operating business.

Start your own business
Take over a family owned business
Buy a franchise
Buy an existing operating business

An independent researcher is interested in finding out whether there exists a positive relationship between the number of years of formal education received by an individual and the number of years of formal education received by each of his parents. It is assumed that the number of years of formal education received by one parent of an individual is positively correlated with that of the other parent. The researcher randomly selects 130 individuals and estimates the following regression​function: Yi=6+0.64Xi​,
where Yi denotes the number of years of formal education received by the ith individual and Xi denotes the number of years of formal education received by the it ​individual's father. Since the researcher only incorporates the educational attainment of an​ individual's father in the​ regression, and not that of the​ individual's mother, omitted variable bias will occur.
Which of the following statements correctly describes the omitted variable​ bias?
A. Omitted variable bias arises when the omitted variable is correlated with a regressor and is a determinant of the dependent variable.
Your answer is correct.
Suppose the researcher somehow discovers that the values of the population slope ​(β1​), the standard deviation of the regressor ​(σX​), the standard deviation of the error term ​(σu​), and the correlation between the error term and the regressor ​(rhoXu​) are 0.44​, 0.58​, 0.34​, 0.47​, respectively.
As the sample size​ increases, the value to which the slope estimator will converge to with high probability is ________​(Round your answer to two decimal places.​)
In this​ case, the direction of the omitted variable bias is ________ (positive / negative )

Answers

As the sample size increases, the value to which the slope estimator will converge to with high t-stastics probability is 0.29. The researcher wants to run a t-statistic here, which is 2.30/7.96 = 0.29.

The theory being investigated won't be rejected by the researcher. The abbreviation "t-statistic" is used to refer to the phrase "hypothesis test statistic". Helmert and Luroth first established the t-distribution as a posterior distribution in the field of statistics in 1876.

In Karl Pearson's 1895 work, the t-distribution also appears in a broader context as the Pearson Type IV distribution.nHow something differs from the variance in your sample data is determined by the t-value. To put it another way, T simply represents the calculated difference in standard error units. More evidence is presented against the null hypothesis as T's magnitude increases.

Complete question:

As the sample size increases, the value to which the slope estimator will converge to with high probability is ________(Round your answer to two decimal places.)

In this case, the direction of the omitted variable bias is ________ (positive / negative ) ?

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The advertising ______ usually focuses on the key benefits of the product that are important to a prospective buyer in making trial and adoption decisions.

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The advertising Key benefits of the product usually focuses on the key benefits of the product that are important to a prospective buyer in making trial and adoption decisions.

A public communication that promotes a good, service, brand, or event is generally referred to as an advertisement, also known as an advert or ad. Some people consider the definition to include any paid communication intended to inform or influence, which is an even broader definition. These particular ads include: Print advertisements can be found in newspapers, magazines, brochures, etc. Broadcast advertising includes commercials on radio and television. Outdoor advertising includes hoardings, banners, flags, and vehicle wraps. Digital advertising is the display of advertisements on digital devices and the internet.Understanding how advertisements operate and what to take into account when developing a strategy are important first steps. Advertising, also known as ads, is a messaging strategy used by businesses to influence the target markets to purchase a good or service.

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If you are including additional material with a letter, you should type the word “Enclosure” _____.


at the top of the letter

at the bottom of the letter

on the front of the envelope

on the back of the envelope

Answers

Answer:

on the back of the envelope..

Answer:WRONG

it should be at the bottom of the letter

Explanation:

A newly independent adult wants to increase the amount of money they have in their savings account. What should they consider?

Answers

When a newly independent adult wants to increase the amount of money they have in their savings account. They will need to consider the maximum limit that such account could take.

What is a bank account maximum limit?

A bank account maximum limit refers to the maximum amount of money that can be held in a bank account. This limit can vary depending on the type of account and the financial institution that holds the account. For example, a savings account may have a maximum balance limit of $250,000, which is the limit set by the Federal Deposit Insurance Corporation (FDIC) for deposit insurance coverage.

Some checking accounts may have a daily maximum limit on withdrawals or transfers, which can vary depending on the bank's policies and the account holder's transaction history. It's important to note that exceeding the maximum balance or withdrawal limits on an account can result in fees or penalties imposed by the bank. It's always a good idea to check with your bank or financial institution to understand the specific limits and rules that apply to your account.

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What can a boosted post help an advertiser achieve?

Answers

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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fiscal policy refers to the idea that aggregate demand is affected by changes in

Answers

Fiscal policy refers to the idea that aggregate demand is affected by changes in Government spending and taxes.

What is fiscal policy?

Fiscal Policy refers to government policy of using tax and spending  to meet economic goals.

Here, a government adjusts its spending levels and tax rates to monitor and influence a nation's economy.

Hence, Fiscal policy refers to the idea that aggregate demand is affected by changes in Government spending and taxes.

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ms/d/e/1FAIpQLScBc3LOV5pXKGJHOY319ko
4. Use the following to determine your monthly balance for a monthly net 5 poir
income of $2,100. Monthly Expenses of: Fixed $750; living $1,000; Annual
monthly $375*

Answers

Answer:

400

Explanation:

750+1000-2100=450

Pls i need this fast!! 30 pts!!
What quality assurance activity is a purchasing manager responsible for?

A. Inspecting the quality of goods received from a supplier

B. Ensuring that the product design process includes high-quality materials

C. Overseeing the daily operations of suppliers to ensure their compliance with quality standards

D. Responding to service calls from customers whose products have quality issues

Answers

Answer:

A is the answer

Explanation:

Since it is the purchasing managers job to find the best supplier it is also their job to assure that the supplier doesn't only give a better price do to quality cutbacks because it would cost consumer relations if this is a problem they would have to change suppliers.

Answer:

i took the quiz and A is the correct answer

Explanation:

Complete the statement using the correct term.
Social networking involves using the -?-
to meet and keep in touch with people.

Answers

Is there a diagram...........?

Fill in the blank. When buying a car, a _____ down payment is recommended. A) 0% B) 10% C) 20% D) 50%.

Answers

When buying a car, a C) 20% down payment is recommended.

In general , it is always a good idea to make a down payment of 10 to 20 percent. Because the more you pay as a down payment, the less interest you need to pay  the long run. This depends on the idea of balancing what you would like to pay with what you can reasonably afford.

Down payment is  initial payment of the minimum portion of the total amount applied for the  purchase. Other due amount is taken as loan amount of which the repayment schedule is set up for the details of the loan, that includes amount of payment, interest rate charged, and number of months one need to pay the entire amount .

Hence , C is the correct option

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Software that can help business owners and individuals manage their finances, track expenses for taxes, and highlight potential errors in bank and investment accounts falls under the general category of _____ programs.

A)addition
B)IRS
C)accounting
D)inventory

Answers

C) Accounting is correct answer

A law used to finance public services, such as waste treatment plants, parks, and schools, in newly developed areas, can result in extra-high taxes, in addition to the normal property taxes, and MUST be made known to any buyer before a purchase takes place. This law is:

Answers

The law is  Mello-Roos Community Facilities Act of 1982.

Senator Henry Mello and the Assemblyman Mike Roos worked together in order to enact the "Mello-Roos Community Facilities Act of 1982," which authorized local governments and the  developers to form Community Facilities Districts (CFDs) to issue tax-exempt bonds to fund public works.

The Mello-Roos Community Facilities Act of 1982 is a statute that is used to finance public services in newly built regions, such as waste treatment facilities, parks, and schools. This might result in additional taxes on top of the regular property taxes and must be disclosed to any buyer prior to the acquisition.

Therefore, the answer is Mello-Roos Community Facilities Act of 1982.

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"took an inventory of unused office supplies and determined that office supplies on hand were amounting to $100."

how can i write it on entry?

Answers

Assuming you are referring to a journal entry, it would be: Debit: Office Supplies Inventory - $100 Credit: N/A (since no cash or other asset/liability account is affected)

To record the inventory of unused office supplies, an entry must be made in the books of accounts. The entry should reflect the fact that an inventory has been taken and the value of the office supplies on hand

The entry may be as follows: Inventory of unused office supplies Debit:

Office Supplies on Hand - $100 Credit:

Inventory - $100

This entry reflects that the value of the office supplies on hand is $100 and it has been recorded as an asset in the inventory account.

This will help in keeping track of the office supplies and managing them efficiently. It is important to take an inventory regularly to ensure that there is no wastage or theft of office supplies.

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How is the available electronic parking brake activated on 2022 kicks?.

Answers

The electronic parking brake is activated on 2022 kicks by using a switch on the center console, when the accelerator pedal is pressed, when the transmission is in gear and when the driver's seat belt is fastened.

What is the electronic parking brake?

The electronic parking brake works by putting on brake through the electric motors to achieve the effect.

Hence, the electronic parking brake is activated on 2022 kicks by using a switch on the center console, when the accelerator pedal is pressed, when the transmission is in gear and when the driver's seat belt is fastened.

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Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.

Answers

Scott Weisberg feels his job at Wendy’s includes all the following except  Supervising the Board of Directors .

What is Scott Weisberg ?

Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.

                                             In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.

What function does the board of directors serve?

The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.

                                    All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.

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Which of the following characteristics is least unique to a market system?
A. the widespread use of money
B. freedom of enterprise and choice
C. private ownership of property resources
D. competition among buyers and sellers pursuing monetary returns

Answers

The characteristic least unique to a market system is the widespread use of money.

While all the characteristics listed (widespread use of money, freedom of enterprise and choice, private ownership of property resources, competition among buyers and sellers pursuing monetary returns) are important aspects of a market system, the widespread use of money is the least unique. Money is a medium of exchange that facilitates transactions in various economic systems, not just in market systems. Other economic systems, such as command economies, may also utilize money for transactional purposes. In contrast, the remaining characteristics (freedom of enterprise and choice, private ownership of property resources, competition among buyers and sellers pursuing monetary returns) are more closely associated with the fundamental principles and dynamics of a market system.

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one reason given for more central bankers releasing decisions publicly is that

Answers

One reason given for more central bankers releasing decisions publicly is that it increases transparency and accountability. By making their decisions and reasoning publicly available, central bankers can be held more accountable for their actions and there is greater transparency in the decision-making process.

This can also increase public trust and confidence in the central bank's policies and actions.One explanation given for additional national financiers delivering their choices openly is: A) to let the public discussion the fittingness of money related strategy choices. B) Since the majority of people are unfamiliar with monetary policy,

it really does not harm to make the decisions public.Issuing coins and notes, managing the money supply, and controlling the quantity of money in circulation are all under their control. This is done by central banks to inject liquidity into the economy so that families, businesses, and states can use it in their transactions.

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A/an ____ appraisal is conducted as part of the day-to-day working relationship between a manager and an employee.spontaneousinformal

Answers

An informal appraisal is conducted as part of the day-to-day working relationship between a manager and an employee. This type of appraisal is typically less structured and less formal than a traditional appraisal. The purpose of an informal appraisal is to provide feedback to the employee on their performance, highlight areas where they are excelling, and identify areas where they may need improvement.

In an informal appraisal, the manager may provide feedback on the employee's performance during regular meetings or check-ins. This could include discussing specific projects or tasks that the employee has worked on and providing feedback on their performance. The manager may also ask for the employee's input and feedback on their own performance, and work together to identify areas where improvements could be made.

Informal appraisals are a valuable tool for managers to provide ongoing feedback and support to their employees. They help to create a culture of open communication and collaboration, where employees feel valued and supported. However, it is important to note that informal appraisals should not replace formal performance reviews. Formal appraisals provide a more structured and comprehensive evaluation of an employee's performance, and should be conducted at least once a year.

In conclusion, an informal appraisal is an important part of the day-to-day working relationship between a manager and an employee. It provides an opportunity for ongoing feedback and support, and helps to create a culture of open communication and collaboration. However, it should be used in conjunction with formal appraisals to provide a comprehensive evaluation of an employee's performance.

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a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.

Answers

False a trademark is business information that represents something of economic value, has required effort or cost to develop, has some degree of uniqueness or novelty, is generally unknown to the public, and is kept confidential.

A trademark is enterprise statistics that represents something of monetary value, has required attempt or fee to develop, has a few diplomas of forte or novelty, is typically unknown to the public, and is stored confidential.

The Prioritizing Resources and Organization for Intellectual Property (PRO-IP) Act of 2008 extended trademark and copyright enforcement and notably extended consequences for infringement.

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What is one of the biggest challenges when companies are committed to sustainability?.

Answers

Making the business case is one of the biggest challenges when companies are committed to sustainability. As sustainability is the better because it takes the business in a long run.

What are the cause of sustainability of business?

As the modern world, the risk of taking business in a long run becomes difficult because frequently change in technologies and trends of business.

Some challenges of sustainability are Loss of trust in the global corporation, Transparency is the new norm, Rapidly growing inequality, increased hazards and risks to business.

Thus, Making the business case is one of the biggest challenges

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an employee who comes in contact with infectious materials should immediately

Answers

An employee who comes into contact with infectious materials should immediately take appropriate precautions to minimize the risk of infection and follow the organization's established protocols and guidelines.

Stop the exposure: The employee should immediately cease contact with the infectious material. If necessary, they should move away from the contaminated area or isolate themselves from others to prevent further transmission.

Cleanse the affected area: If the contact involves a spill or exposure to bodily fluids, the employee should thoroughly cleanse the affected area using appropriate disinfectants, soap, or water. If there are any visible cuts or wounds, they should be cleaned and covered with a waterproof dressing.

Notify the supervisor or designated authority: The employee should inform their supervisor or the designated authority within the organization about the incident. This allows the organization to initiate the necessary procedures, such as reporting the incident, providing medical assistance if required, and conducting any follow-up actions.

Seek medical attention if necessary: Depending on the severity of the exposure or the infectious material involved, it may be advisable for the employee to seek medical attention. They should consult with a healthcare professional or follow the organization's protocols for medical evaluation, testing, or treatment.

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In relation to schemes aimed at reducing carbon emissions,
briefly explain how a ‘cap-and-trade’ system operates.

Answers

A cap-and-trade system sets a limit on emissions and allows companies to trade emission allowances, incentivizing them to reduce emissions.

Cap-and-trade is a market-based approach to reducing carbon emissions. In this system, a governing body establishes a cap, which is the maximum amount of emissions allowed within a specific timeframe. Companies are then allocated emission allowances, which represent the right to emit a certain amount of carbon. These allowances can be traded among companies, allowing those that reduce their emissions to sell unused allowances to those that exceed their cap.

This trading creates a market for emission allowances, assigning a monetary value to reduce emissions. Companies that can efficiently reduce emissions can profit from selling allowances, while others face the cost of purchasing additional allowances or investing in emission-reducing technology. Overall, the cap-and-trade system encourages a reduction in emissions by providing financial incentives for companies to minimize their carbon footprint.

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Which sequence of HACCP principles is in the correct order?


A.


Establish critical limits for each CCP, conduct a hazard analysis, and establish corrective actions.


B.


Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP.


C.


Establish record-keeping procedures, establish corrective actions, and establish CCP monitoring requirements.


D.


Establish CCP monitoring requirements, conduct a hazard analysis, and identify CCPs.


E.


Conduct a hazard analysis, identify CCPs, and establish CCP monitoring requirements.

Answers

Answer:

B

Explanation:

Hazard analysis of critical control point (HACCP) is a process of identifying and assessing risks alongside the biological , physical and chemical hazards associated with food production .

The sequence of the first three of the seven principles are

1. Conduct hazard analysis to determine potential risks related to food protection

2. Identify the critical control point (CCP) which addresses controlling identified hazards that are mostly likely to cause injury to health

3. Establishing critical limits for each CCP , which is the highest or lowest level a biological ,physical or chemical parameter must be controlled to prevent or minimize hazards.

Answer:

B. Conduct a hazard analysis, identify CCPs, and establish critical limits for each CCP

Explanation:

A guidance counselor is:
o a. someone who works with students with disabilities.
o b. someone who oversees a student's academic progress.
o c. someone who oversees high school operations.
o d. someone who teaches classes and monitors hallways.

Answers

A guidance counselor is a person who works in the schools and check with the student's academic progress.

Who is a guidance counselor? Discuss his responsibilities?

A guidance counselor are the certified professionals who are employed in the schools and different institutions.

They helps the students by giving them advise and consultancy about their career and academic growth.

They basically assess the student's ability and provides them with personal counselling.

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On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.

Answers

Answer:

Kindly see attached picture

Explanation:

Sales tax percentage= 8.5%

Sales = 10,000

Sales tax payable = 0.085 × 10000 = 850

Accounts payable = 10000 + 850 = 10850

Kindly see attached picture for journal entry

On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage

100 point question + brainliest


Mike Oxmore has 69 apples, Moe Lester has 420, what is the mass of the sun?

Answers

The answer is 489 mass of the sun



.

Answer:

The mass of the sun is -  1.989 x 10 30 kilograms

Also, 69 + 420= 489

Explanation:

Hope this helps?

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Find The Present Value Of An Annuity With Payments Of $600 At The End Of Every Three Months For 9 Years. The Interest Rate Is 10% Compounded Quarterly. The Present Value Of The Annuity Is ​$ (Round The Final Answer To The Nearest Cent As Needed. Round All Intermediate Values To Six Decimal Places As​ Needed.)
Find the present value of an annuity with payments of $600 at the end of every three months for 9 years. The interest rate is 10% compounded quarterly.
The present value of the annuity is ​$
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as​ needed.)

Answers

The present value of the annuity is ​$ $48,115.85.

We have to find the present value of an annuity with payments of $600 at the end of every three months for 9 years at 10% interest rate compounded quarterly.

In order to calculate the present value of annuity, we have to use the formula,

PV = Payment * [(1 - (1 + i)^-n)/i]where

PV = present value, Payment = $600, i = quarterly interest rate = 10% / 4 = 0.025, n = number of payments = 9 years * 4 quarters/year = 36 quarters

Substitute the values in the formula, we get

PV = $600 * [(1 - (1 + 0.025)^-36)/0.025]≈ $48,115.85

Hence, the present value of the annuity is approximately $48,115.85.

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Question 1 Y*WA Lid has boen operating as an online fashion retaler for weveral years. On 1 " June 2022 it proposed to expand into high street retaling and planned to buy 25 shops throughout the UK. T

Answers

Y*WA Lid has been operating as an online fashion retailer for several years. On 1st June 2022, it proposed to expand into high street retailing and planned to buy 25 shops throughout the UK.

On 1st June 2022, Y*WA Lid proposed to expand into high street retailing. The company planned to buy 25 shops throughout the UK. It was previously operating as an online fashion retailer for several years. This move will help the company to cater to a wider audience and increase its customer base.

The expansion into high street retailing will require Y*WA Lid to have a physical presence in different parts of the UK. This will enable the company to showcase its products to customers who prefer to see and feel the products before making a purchase. It will also help the company to increase its brand visibility and awareness among customers who may not be familiar with the company's online presence.

In conclusion, Y*WA Lid's move to expand into high-street retailing is a strategic decision that will help the company to grow and reach a wider audience.

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Two parallel lines are cut Given f(x)=x23x4 and g(x)=|x+3|2 , which value is a solution to the equation f(x)=g(x) ? A 4 B 3 C 1 D 4 How many solutions are there for the trigonometric equation 2cos(x/3) - 1 = 0 between 0 and 2 ? Solve the quadratic formula X^2-5x-14=0 What is the basic unit of structure and function in living things right answers please!!! How to say 'I don't speak French' in French? What are some tips?. many people in north america endorse which of the following criteria as being a necessary prerequisite to adulthood, a viewpoint shared by many in this video? Question 12 of 25If f(x) = x + 3x + 5, what is f( 3 + h)? Question 6(Multiple Choice Worth 2 points)Which of the following times of the day would be best to photograph someone? Noon Midnight Early evening All of the above Mississippians relied most heavily on which type of faming as a food source? horticulture environment organic ranching in an average person, ? to ? is the range of current of the let-go threshold that causes the muscles to lock up. when dell computer sells made-to-order pcs to customers online via its website, it is an example of which type of marketing channel? Describe the mechanism by which concurrent resistance and endurance training is detrimental to strength gains.8) Describe why stroke volume is the primary factor that influences ones VO2max?9) Describe why the lungs are not a limiting factor to VO2max?10) Why is lactic acid accumulation in the blood during exercise an indicator of fatigue? Erik pays $225 in advance on his account at the athletic club. Each time he uses the club, $9 is deducted from the account. Write an equation that represents the value remaining in his account after x visits to the club. Find the value remaining in the account after 7 visits. can we tell from just the masses which of the two reactants will potentially be the limiting reagent? Direct materials costs for an automobile manufacturer would include all of the following: Multiple select question. purchasing agent tires steering wheels bumpers employees who work on the product Omar CaseOmar Ramesh made his first lamp in his high school industrial arts class. Then, he started making novelty lamps just for the fun of it. He sold a few to friends, charging just enough to cover his costs of materials. Eventually he was able to make a small profit on custom orders he received through referral.By the time he was in college, studying Business Management, Omar did not have the time to make his own lamps, so he started buying novelty lamps from Asian manufacturers and selling them at Arts and Crafts fairs around his home town of Victoria BC. His fastest selling items were the newest LED smart lamps, even though they were by far the most expensive (and most profitable) items that Omar carried. These new lamps were just starting to come in a variety of shapes and sizes. All used the newest LED bulbs. Some involved fiber optics and others were programmable. Omar understood that, like other new technologies in the past, the price of these items would start to come down and the variety would increase as would the demand. And so, a little light bulb went on over Omar's head and his idea for a specialized lamp store in downtown Victoria was born.But would the idea work? Omar knew that the first indicator of this would be the market potential. In other words, how much money was his target market spending on his product.It only took about five minutes of searching the Web for Omar to find a government survey of Household Spending in BC. This showed that the average household expenditure for Lamps and Lampshades was only $21 per year. From the Statistics Canada website, Omar found that Victoria had just under 150,000 households. This meant that the whole city was spending roughly $3.2 million every year on lamps and lampshades. ($21 X 150,000) Omar had found his market potential.Now, he had to find out how much of that market potential his business could get: his sales forecast.Omar was able to identify eight small, independent lighting stores in the city of Victoria. These would be his direct competition. His indirect competitors, however, would be all of the furniture and department stores that also sold lamps, including giant retailers like Wal-Mart and Canadian Tire. In total, he could find 30 retailers in Victoria that sold lamps. Including his own store, this would mean 31 competitors sharing the $3.2million or an average of $103,000 each. This was a disappointing estimate for Omar's sales forecast. This would not be nearly enough sales to cover costs and expenses for the store he envisioned.There was one small lighting store in downtown Victoria that was similar in size and style to the one Omar pictured for himself. He paid $25 to a commercial credit reporting agency to buy a profile of this company. The report showed that the store had annual sales of $480,000. Omar was delighted. This he felt was a more reasonable forecast of what his own store could do. But then again, this was an established store.Omar felt frustrated. He knew that he should try and get a better estimate of the sales for his business, but didn't know what else to do.Is Omars estimate of Market Potential valid?Explain.What other methods could Omar use to get an estimate of his future sales? what are two questions a reader should ask when analyzing how an author develops the central idea in an informational text? A structural change in the alpha-factor of Saccharomyces (a type of yeast) is shown to render the molecule defective. What effect would this mutation have on the reproductive behavior for this yeast cell species? Justify your claim by discussing cell signaling and response events?