lee's jewelry shop has just hired a comparative shopper to visit other local jewelry stores to gain product pricing information. what strategy is this describing?
Answers
Lee's jewelry shop has just hired a comparative shopper to visit other local jewelry stores to gain product pricing information. It describes boundary spanning roles.
If you own a small firm with less technology resources than a huge corporation, utilising boundary bridging roles can help your company thrive. As an added plus, it can assist major corporations in becoming more competitive.
Boundary-spanning positions collaborate with persons and groups outside the organization to get vital information to aid the innovation process. Boundary-spanning jobs enable a corporation to learn more about innovation from other companies.
It is beneficial to receive knowledge from organisations that you may be unaware of. Boundary bridging involves more than just management; all employees can obtain information from one or more organisations and bring it back to their company to aid enhance creativity.
To know more about boundary spanning roles:
https://brainly.com/question/13312266
#SPJ4
Related Questions
*Economics*
Which phrase best completes the list?
Types of Expenses — Utilities
Costs vary widely from region to region
Usually take up about 9 percent of a person's income
?
O A. Pay for vital services like water
B. Are paid to the government
O C. Allow a person to buy a home
O D. Do not need to be paid monthly
Answers
Answer:
O A. Pay for vital services like water
Explanation:
Utilities are expenses on essential and vital services common to households and businesses. They include water and sewage bills, electricity bills, and garbage disposal expenses. A firm offering such services generate utility bills. The cost covers a regular period, say mostly monthly.
Heating and internet or data costs are also being considered as utility expenses. They are common and essential for domestic and business use.
Name 4 things you can buy insurance for?
Answers
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Home Insurance.
Life Insurance.
Disability Insurance.
Health Insurance.
But how do leaders get employees to do their work?
Answers
Answer:
By being polite or paying them
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in ________.
Answers
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups, they are engaging in targeting.
A serviceable obtainable market also known as a target market, can be defined as a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources. A serviceable obtainable market is a subset of the total market for a service or product. Target market used to helps increase the effectivity of the campaign.
There are 5 different types of targeting, such as:
Behavioral Targeting Contextual TargetingSearch RetargetingSite RetargetingPredictive TargetingLearn more about target marketing here https://brainly.com/question/13363009
#SPJ4
how can a business meet customer needs
Answers
CAN SOMEONE WITH SOME BUSINESS KNOWLEDGE HELP ME PLEASE!
The main business functions and their roles.
Review questions
1. Which business function is concerned with ensuring that products are produced to meet the quality standards expected by customers?
2. Name the business function involved in developing and selling products that meet customer needs.
3. Which sector is involved in making sure that the company has the employees it needs to run its operations?
4. Which business function is responsible for ensuring that the company has the funds it needs to carry out its operations?
5. Which business department is responsible for ensuring that employees are adequately compensated (salary-wage)?
6. Name the business function that must ensure that the correct quantity of a good or service is produced.
7. Which sector is responsible for researching and determining the wants and needs of different groups of consumers?
8. The management of the company wants to provide an extra benefit to its employees, other than a salary increase, for example, offering cafeteria and/or cafeteria service. What type of information should be consulted with each sector (HR, OPERATIONS, FINANCE AND MARKETING)?
THANK YOU FOR AT LEAST READING IT
Answers
Answer:
marketing is the business functions involved in developing and selling products that meet customer's need.
APR, a rate advertised by ___ is typically ___ than APY
A) lenders; higher
B) borrowers; higher
C) borrowers; lower
D) lenders; lower
answer: D
Answers
APR, a rate advertised by lenders is typically lower than APY. The correct answer is D.
What is APR?APR is an acronym for annual percentage rate, it is considered as a cost of borrowing money which is calculated on a percentage that any individual pay each year on their loan. It does not only include the rate of interest but also the fees you must pay to obtain the loan.
APY is an acronym for annual percentage yield, which is considered the actual rate of return on the investment after considering the effect of investment returns.
APR is a rate advertised by lenders that is typically lower than APY as the cost of overall borrowing is lower, and the accounts of APR are also lower. If the difference between APR and APY is higher, the frequency with which interest compounds also increases.
Therefore, option D lenders and lower is the appropriate answer.
Learn more about APR, here:
https://brainly.com/question/14184570
#SPJ5
if i get 40 dollars a week how much weeks do i have to work until i get 2,300?
Answers
Answer:
57.5
Explanation:
I divided 2,300 by 40 which gave me 57.5
Answer: 57 and a half weeks or 58 full weeks
Explanation: 2,300/ 40 = 57.5
21. What are employee incentive plans and what do they offer?
Answers
Employees that create more are encouraged to do so and are rewarded accordingly under the incentive plan. The phrase "Pay for Performance" describes remuneration choices such merit pay, commission, individual incentive, group incentive, and gain-sharing plans.
What exactly are employee incentive programs?A company may decide to adopt an employee incentive program to encourage staff productivity. Employee incentives are a system that recognizes and rewards effort and success in the workplace by providing employees with the chance to receive prizes or recognition.
Why do workers appreciate incentive plans?Businesses may boost productivity, lower attrition, and reduce production costs by implementing reward programs for their staff. It raises morale, motivates staff, and fosters collaboration by increasing employee involvement. The incentive programs benefited the labor as much as the businesses.
Learn more about incentive plan: https://brainly.com/question/14443076
#SPJ1
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers
Answer:
Budgeted COGS = $134 x 3,550 units = $479,250
Actual COGS = $482,151.42, so the total variance was $2,901.42 U
Swain Company
Income statement
Total revenue $603,500
COGS: ($482,151.42)
Direct materials $217,925.67Direct labor $14,300.75Fixed overhead $249,925Gross profit $121,348.58
S&A expenses ($54,500)
Net profit $66,848.58
Retained earnings = $65,000 + $66,848.58 = $131,848.58
Explanation:
retained earnings $65,000
total sales $603,500
number of units sold = $603,500 / $170 per unit = 3,550 units
selling and administrative expenses $54,500
materials quantity variance = (actual quantity - standard quantity) x standard price = $9,250 favorable. This means that the company used fewer materials than budgeted: -$9,250 = (actual quantity - 24,850) x $9
actual quantity used = (-$9,250 / $9) + 24,850 pounds = 23,822.22 pounds less
materials price variance = (actual cost - standard cost) x units purchased = $3,525 U. This means that the company paid $3,525 more for materials than it had estimated: $3,525 = (actual cost - $9) x 23,822.22 pounds
actual cost = ($3,525 / 23,822.22 pounds) + $9 = $9.148 per pound
*the only way 2 labor hurs x standard cost = $1, is that standard cost = $0.50
labor efficiency variance = (actual hours - standard hours) x standard rate = $6,725 = (actual hours - 7,100) x $0.50:
actual hours = ($6,725 / $0.50) + 7,100 = 20,550 hours
labor rate variance = actual hours x (actual rate - standard rate) = $4,025 = 7,660.42 hours x (actual rate - $12):
actual rate = ($4,025 / 20,550 hours) + $0.50 = $0.6959
fixed overhead budget variance = actual fixed overhead - budgeted overhead = $1,425 U = actual fixed overhead - $248,500:
actual fixed overhead = $248,500 + $1,425 = $249,925
actual fixed overhead per unit = $249,925 / 3,550 = $70.4014
fixed overhead volume variance = (actual hours - standard hours) x actual fixed overhead per unit = -$6,000 F = (actual hours - 3.5 hours) x $70.4014:
actual overhead hours = (-$6,000 / $70.4014) + 12,425 hours = -85.23 + 12,425 = 12,339.77 hours
keisha invested her savings in two investment funds. the that she invested in fund a returned a profit. the amount that she invested in fund b returned a profit. how much did she invest in fund b, if both funds together returned a profit?
Answers
If keisha invested $10,000 in fund A and it returned a profit of 10%, then she would have earned $100 back. Similarly, if fund B had also returned 10% ($1,000), then she would have made an additional $110 from her 10 in Fund B alone. So together, the two funds would have generated a total return of 20%.
what do you mean by investment funds?An investment fund is a collection of money that has been pooled together to invest in different types of assets. These can include stocks, bonds, commodities, and real estate. The aim of an investment fund is to provide stability and moderate growth by investing the money collectively. This allows for the funds to be managed more efficiently than if they were invested individually, leading to greater returns over time.
Since there are many different kinds of investments available, it can be hard to decide which one may be best for you. That's why it's important to speak with a financial advisor who will help you choose the right funds based on your needs and objectives.
To learn more about investment funds, visit:
https://brainly.com/question/24278676
#SPJ4
true or false: distributed product development is producing a firm's product without the help of other organizations.
Answers
Answer: I believe this is false.
(24 Total Points) Suppose a consumer’s utility function is given by U(X,Y) = X1/2*Y1/2. Also, the consumer has $36 to spend, and the price of Good X, PX = $1. Let Good Y be a composite good (Good Y is the "numeraire") whose price is PY = $1. So on the Y-axis, we are graphing the amount of money that the consumer has available to spend on all other goods for any given value of X.
a) (2 points) How much X and Y should the consumer purchase in order to maximize her utility?
b) (2 points) How much total utility does the consumer receive?
c) (2 points) Now suppose PX increases to $9. What is the new bundle of X and Y that the consumer will demand?
d) (2 points) How much additional money would the consumer need in order to have the same utility level after the price change as before the price change? (Note: this amount of additional money is called the Compensating Variation.)
Compensating Variation = ________________________
e) (2 points) Of the total change in the quantity demanded of Good X, how much is due to the substitution effect and how much is due to the income effect? (Note: since there is an increase in the price of Good X, these values will be negative).
SE = __________________
IE = __________________
f) (14 points) In the space below, draw on a graph the
original budget constraint (draw this in black)
new budget constraint (draw this in green)
compensated budget constraint (draw this in red)
Also, on your graph, indicate the optimal bundle on each budget constraint.
Label the optimal bundle on the original budget constraint X* and Y*
Label the optimal bundle on the new budget constraint X** and Y**
Label the optimal bundle on the compensated budget constraint XC and YC
In order to receive full credit, your graph must be neat, accurate, and fully labeled!!
Answers
\(X * Y = X * Y\) equation tells us that the consumer can allocate their budget in any way they like as long as the total expenditure on X is equal to the total expenditure on Y. This means that there is no unique solution to this problem.
a) To maximize utility, the consumer should allocate their budget in a way that maximizes the marginal utility per dollar spent.
This can be achieved by setting the marginal utility of X divided by its price equal to the marginal utility of Y divided by its price.
In this case, the marginal utility of X is \(1/2 * X^(-1/2) * Y^(1/2)\) and the marginal utility of Y is \(1/2 * X^(1/2) * Y^(-1/2).\)
Since \(PX = $1 and PY = $1\), we can set up the following equation:
\((1/2 * X^(-1/2) * Y^(1/2)) / $1 = (1/2 * X^(1/2) * Y^(-1/2)) / $1\)
Simplifying this equation, we get:
\(X^(-1/2) * Y^(1/2) = X^(1/2) * Y^(-1/2)\)
To solve for the optimal values of X and Y, we can square both sides of the equation:
\((X^(-1/2) * Y^(1/2))^2 = (X^(1/2) * Y^(-1/2))^2\)
Simplifying further, we get:
\(X * Y = X * Y\)
This equation tells us that the consumer can allocate their budget in any way they like as long as the total expenditure on X is equal to the total expenditure on Y.
This means that there is no unique solution to this problem.
Know more about equation here:
https://brainly.com/question/29174899
#SPJ11
Select the correct answer.
Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jesse made use of?
1. product differentiation
2. brand extension
Note: I narrowed it down to these two answers and I will provide Plato’s definitions to these words given. Im leaning towards 1 considering the product would need to be smtn similar using the same brand to be 2 (aka a shampoos company introduced dishwashing liquid). I did post this question before but I’m unable to delete it oops.
Answers
Answer:
product differentiation
Explanation:
i got it right on test
This table shows the CTSOs that four high school students are involved in: A 2-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Assuming the students continue down the same career path, which table shows the professional organization that each student would most likely be a part of in the future? A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A F P, A A S A, A S M E, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, S A G, A C S. A 3-column table with 4 rows. Column 1 is labeled Student with entires Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries S A G, A C S, A F P, A M A. A 3-column table with 4 rows. Column 1 is labeled Student with entries Elyse, Abin, Kendra, Angelica. Column 2 is labeled Current C T S O with entries T S A, F E A, D E C A, H O S A. Column 3 is labeled Future P O with entries A S M E, A A S A, A F P, A M A.
Answers
Answer:
The answer is A
Explanation:
Why is the interest rate one of the biggest factors when calculating the financial charges on credit cards?
Answers
In a loan, the interest rate is considered as the biggest factors in calculating finance charges because the interest rate adds a percentage of money not already spent to pay towards the credit cards if not paid in full each month.
What is an interest rate in loan?The term "interest rate" is a rate that tells you how high the cost of borrowing is or high the rewards are for saving. As a borrower, an interest rate is the amount you are charged for borrowing money which is shown as a percentage of the total amount of the loan.
In a loan, the finance charge means the total cost of borrowing money which includes the interest paid and any service fees by the lender which is why the interest rate is a big factor in calculating finance charges of credit cards.
Read more about interest rate
brainly.com/question/25816355
#SPJ1
if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost. group startstrue or false
Answers
This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
Read more on inventory here:
https://brainly.com/question/24868116
#SPJ1
This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
Read more on "inventory" here: brainly.com/question/28963040
#SPJ1
Which of these channel members is last in the distribution channel?
A. Retailer
B. Consumer
C. Manufacturer
D. Wholesaler
Answers
does anyone know any good spells
Answers
Answer:
abra cadabra
Explanation:
What is the structure of Public corporation
Answers
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
holding other factors constant, if a tax increase moves the government budget from deficit to surplus, then the real interest rate will and the equilibrium quantity of national saving and investment will . multiple choice increase; increase decrease; decrease increase; not change decrease; increase
Answers
Reduce your investment. Investors get poorer returns on their investments as tax rates climb. Investors are thus less likely to make investments.
Your funds are dispersed throughout several different kinds of assets. Spreading your money out in this manner helps to lower the danger. For instance, one asset class can perform well one year while another might underperform.
Over time, the prospective returns are more likely to be constant if your investment is dispersed over both of these assets rather as a fund that only invests in one kind of asset.
Because our active funds invest in a wider variety of assets than our passive funds do, you have a greater chance of seeing your money increase while also enjoying the benefits of risk diversification.
Read more about interest rate at
https://brainly.com/question/10876388
#SPJ4
1. Analyze financial statements. 2. Transfer journal entries to ledger 3. Prepare the financial statements. 4. Record transactions in journals. 5. Take a trial balance. 6. Analyze source documents Match each of the options above to the items below. i. Separate purchasing receipts from sales documents. ii. Record financial data. iii. Post individual transactions into a single account. iv. Summarize data in the ledgers. v. Prepare income statement. vi. Evaluate profit/loss of the firm.
Answers
Analyze transactions- Post individual transactions into a single account, Transfer journal entries to ledger-Summarize data in the ledgers, Prepare the financial statements-Evaluate profit/loss of the firm, Record transactions in journals--Prepare income statement, Take a trial balance-Record financial data, Analyze source documents- Separate purchasing receipts from sales documents.
What is profit and loss?Profit is the excess amount of the firm, which the business has attended in the financial year of working. I t includes the net profit. Loss is the amount that a firm occurred during a year, it covers the net loss of the firm.
Thus, the statement are matched above.
For further information profit and loss, click here:
https://brainly.com/question/13930597
#SPJ1
A business would like to increase the overall demand for its newest product.
According to the law of demand, what should the business do?
A. Decrease the product's supply
B. Increase the product's price
c. Decrease the product's price
D. Increase the product's supply
Answers
If the demand for the new product increases so here the business prefers option c. Decrease the product's price
Information regarding the law of demand:The law of demand shows an inverse relationship between the price and the quantity demanded. If the price of one product is increased so the demand should decrease. And, if the price of the one product should be decreased so the demand should increase.
Find out more information about the law of demand here: https://brainly.com/question/1288364?referrer=searchResults
Answer:
B
Explanation:
Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2
Answers
The settings that would convert the information given above is autofill to content.
What is autofill to content?Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.
For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.
To learn more about autofill refer
https://brainly.com/question/1178135
#SPJ1
#1 You are driving down the highway when one of your tires suddenly blows out. You should
Pump your brakes rapidly, and steer your vehicle to control any skids.
Avoid using your brakes. Slow down gradually and concentrate on steering.
Press hard on your brake pedal and stop as quickly as you can.
Answers
Which of the following statements describe the benefit of using smart cranes?
Answers
Answer:
D
Explanation:
All the statements are true.
The benefit of using smart cranes are they are controlled by display panels, they require fewer workers and they are advanced technologically. The correct option here is (d).
What are smart cranes?Smart cranes are custom-designed cranes for the customer and the process. The products, each are also called autonomous cranes, which go through separate design, engineering and production stages. It doesn't work manually therefore fewer workers are needed.
Smart cranes are designed in such a way that makes our job easier. It also contributes to our business with the help of robots in operations with rapidity such as the automotive industry.
These cranes are also called automated cranes, which can be designed as travelling bridge cranes or gantry cranes. It performs your production or transportation business flawlessly in your standard workflows with its electronic and software systems.
Any kind of standard lifting or transport can be done by these cranes.
Learn more about cranes here:
https://brainly.com/question/9595937
#SPJ2
match each type of area with the correct level of housing prices?
URBAN
EXURBAN
SUBURBAN
LOW HOUSING PRICES
MEDIUM HOUSING PRICES
HIGH HOUSING PRICES
Answers
Answer and Explanation:
The matching of the area with the level of housing prices is as follows
Urban = High housing prices
As urban refers to that area in which there is a large population so of course the prices of the houses are high
Exurban = Low housing prices
The exurban is located in the rural areas in which there are less populations as compared to sub
Suburban = Medium housing prices
In this the population is more than the exurban
factors that can shift the production possibility curve inward
Answers
Answer:
See below
Explanation:
An inward shift of the production possibility curve represents a decline in a country's productive capacity. In other words, the production possibility curve will shifts inwards due to a reduction in a nation's production capacity.
factors that may cause the production capacity to reduce and the production possibility curve to shift inwards include
Natural disasters, including droughts, floods, and earthquakes, can have destructive effects on a country. They reduce the production potential by destroying infrastructure, factories, land quality, and decreasing labor.Violent protests, Wars, terrorism, and political disturbances can hamper economic activities and shift the curve inwards.A recession causes capital investment to drop. It means that workers are using older, less efficient machinery, which causes output per worker to decline.Which of the following investments employs a passive management
strategy?
an index fund
a U.S. equity fund
a mortgage fund
a bond fund
a Canadian Equity Fund
Answers
This strategy is employed in index funds, which is an investment in a portfolio of securities that mirrors a stock market index or segment, such as the S&P 500 or NASDAQ.
A passive management strategy is a style of management that employs a buy-and-hold approach in which securities are held in a portfolio for a prolonged period, usually reflecting the underlying index. This strategy is designed to take advantage of the benefits of long-term growth and capital gains from investment rather than quick gains.
Index funds, for example, have very low expenses due to their passive management strategy, and they track the market's performance, resulting in a long-term steady increase in value. The other investment options are actively managed strategies that include choosing individual securities to buy and sell. A U.S. equity fund, for example, involves investing in a collection of U.S.-based equities.
A mortgage fund invests in mortgage-backed securities and other debt instruments, and a bond fund invests primarily in fixed-income securities, both active investment strategies. Meanwhile, a Canadian Equity Fund involves investing in a collection of Canadian-based equities. As a result, the answer to the question is Index Fund.
To know more about investment visit:
https://brainly.com/question/14921083
#SPJ11
1. If I keep increasing one part of a process and keep everything else the same, what will eventually happen to my productivity?
Answers
Answer:
Decrease
Explanation:
The scenario describes in question is the theory of diminishing marginal returns. According to this theory, increasing one variable while holding the others constant increases productivity until a firm reaches the optimal level. Beyond the optimal level, the continuous addition of the input will result in declining productivity.
Productivity will turn negative if more of the unit is deployed. For example, hiring more workers increases productivity until a firm achieves the optimal level. After the optimal level, hiring an extra worker will decrease productivity per worker as the additional worker will not result in increased output.