products that are produced and/or marketed by many different companies and that generally prove difficult to differentiate are called:
Answers
Products that are produced and/or marketed by many different companies and prove difficult to differentiate are commonly referred to as "commodities."
Commodities are goods or services that are virtually identical across different producers and lack significant distinguishing features.
Commodities typically have standardized specifications, allowing them to be easily substituted for one another. Examples of commodity products include agricultural goods like wheat, corn, and soybeans, as well as basic metals like copper and aluminum. In the services sector, commodities can include standardized financial products like currencies and oil contracts.
Due to their lack of differentiation, commodities are subject to intense price competition. In such markets, customers often make purchasing decisions primarily based on price, leading to thin profit margins for producers. The homogeneous nature of commodities makes it challenging for companies to establish a unique selling proposition or develop a competitive advantage based on product features or attributes.
To succeed in commodity markets, companies often focus on achieving operational efficiencies, cost control, and maintaining strong relationships with suppliers and customers. They may also seek to differentiate their offerings through branding, customer service, or other ancillary services.
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Related Questions
Hey y'all !! Can some body help me out!!
1.What is the role of engineer in development of nation.
2. Elucidate the importance of an animal doctor.
3.Finance sector is a very sensitive feild. Do you agree? Give reasons.
Thank you!!♡
Answers
Answer:
1.) Engineer play very important role in the development of society and nation. Engineer plan and build new bridges, huse building, roads, railways, dams, canals, etc. that helps agricultural, living, transportation and commuting. Appliance and gadgets at home are degined by engineers. They built the infrastructure and the tools necessary for progress.
2. A veterinary (Animal doctor) treat disease, disorders, and injuries in animlas. Most veterinary physician workbin clinical setting, treating animal directly.
3. Yeah, I do agree because finance sector is essential for day to day operation. It is the task of examining and controlling ecnomic transaction on the regular basic fir the financial sucess, based on law
What is the best definition for finance?
Answers
Answer:
The management of large amount of money.
Explanation:
Answer:
Finance is a broad term that describes activities associated with banking, leverage or debt, credit, capital markets, money, and investments.
It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Answers
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.
A friend comes to you seeking advice. He got into trouble at work for not being a team player. He really likes his job and isn’t quite sure what to do. What suggestions would you give to your friend to help him improve? How might he respond to his boss? paragraph... hurry need it by tomorrow
Answers
Answer:
well he should apologize to his boss and everyone he wasn't a team player to because someone must have told his boss, and then proceed to say he with work with others better and mean it. hope this helps your "friend"
Explanation:
The response to hie boss is advice by a friend is that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he will work better with others and mean it.
What is the team player?Effective team players hold themselves and others accountable. They accept responsibility for their actions or mistakes and comprehend how their decisions affect the team.
Adapting to change is an essential component of team success. If they have the backing of a team, people are more likely to take calculated risks that lead to innovation.
Working as part of a team promotes personal development, increases job satisfaction, and reduces stress. In the given case, his boss's response is advice from a friend that he should justify to his boss and everyone else who knew he wasn't a team player, and then proceed to say he is a team player.
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What is the best way to encourage customers to come back to your site?
A.Stalk them.
B.Use direct mail.
C.Post viral videos.
D.Treat them like they're special.
Answers
Answer:
D because they will feel like they are being cared about and will come back
the most serious problems with accounting systems appear to occur when managers attempt to use accounting information that was developed for
Answers
The most serious problems with accounting systems often arise when managers try to use accounting information that was originally designed for a different purpose. These problems can occur when attempting to make strategic decisions, evaluate performance, or assess the financial health of a company. In such cases, relying solely on traditional accounting metrics may lead to misleading or incomplete insights. To address these challenges, managers should consider the limitations of accounting information and supplement it with other sources of data and analysis to make well-informed decisions.Accounting systems are primarily designed to capture and report financial transactions and provide a historical record of a company's financial activities. While they are essential for financial reporting and compliance purposes, accounting systems may not always align with the needs of managers for decision-making and performance evaluation.
When managers attempt to use accounting information for strategic decision-making, they may encounter limitations. Accounting systems typically focus on past performance and may not provide forward-looking insights or consider qualitative factors that are critical for strategic decision-making. For example, accounting information alone may not adequately capture market trends, customer preferences, or technological advancements.
When evaluating performance, relying solely on accounting measures can lead to incomplete assessments. Traditional accounting metrics, such as net income or return on investment, may not reflect the true value created by a company or the effectiveness of its operations. They may overlook non-financial factors, such as customer satisfaction, employee engagement, or innovation, which can significantly impact long-term success.
Assessing the financial health of a company solely based on accounting information can also be problematic. Financial statements may not fully capture the value of intangible assets, such as intellectual property or brand reputation. Additionally, accounting standards and practices can vary across industries and countries, making it challenging to compare financial information across companies or sectors accurately.
To address these problems, managers should recognize the limitations of accounting information and consider it as one piece of the puzzle. They should supplement accounting data with other sources of information, such as market research, customer feedback, employee surveys, and industry benchmarks, to gain a more comprehensive understanding of the business. This holistic approach enables managers to make more informed decisions and evaluate performance more accurately.
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Annalise received financial aid offers from two universities.
Financial Analysis for Option A
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$10,000
$7,000
Room & Board
Work-Study
$11,500
$4,000
Financial Analysis for Option B
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$28,000
$18,000
Room & Board
Work-Study
$9,000
$4,000
Which statement about the costs per year is true?
Option A will save her $4,500.
Option B will save her $7,000.
Option B will save her $11,000.
Option A will save her $15,500.
Answers
Answer:
Option A will save her $4,500
Explanation:
Calculation to determine Which statement about the costs per year is true
First step is to calculate OPTION A cost per year
Option A Costs per Year
Work-Study $4,000
Tuition & Fees $10,000
Scholarship & Grants $7,000
Room & Board $11,500
Total $18,500
Second step is to calculate OPTION B cost per year
Option B Costs per Year
Work-study $4,000
Tuition & Fees $28,000
Scholarship & Grants $18,000
Room & Board $9,000
Total $23,000
Now let determine Which statement about the costs per year is true
Costs per year= $23,000-$18,500
Cost per year=$4,500
Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.
Beech Corporation, an accrual basis calendar year taxpayer, was organized and began business on August 1st of the current calendar tax year. During the current year, the corporation incurred the following expenses:
State fees for incorporation $ 685
Legal and accounting fees incident to organization 2,398
Expenses for the sale of stock 2,740
Organizational meeting expenses 1,028
Assuming that Beech Corporation does not elect to expense but chooses to amortize organizational expenditures over 15 years, calculate the corporation's deduction for its current calendar tax year.
Answers
Beech Corporation
Calculation of corporation’s deduction for its current calendar tax year:
amount to be deducted for current year:
State fees for incorporation - $685
Legal and accounting fees incident to organization - $2,398
Organizational meeting expenses - $1,028
total - $4,111
since the corporation chooses to amortize organizational expenses over 15 years,
monthly deductible = 4,111/180 = $22.84
Since the corporation began operations on August 1 of the current calendar tax year, deduction in current year is as follows,
5 months x $22.84 = $114.20
A stock market, fairness market, or share market is the aggregation of consumers and dealers of shares, which represent possession claims on businesses; these may include securities listed on a public stock.
Even though the stock marketplace produces volatile returns, it has long records of outpacing inflation in the long run.
The primary motive of the Wall avenue crash of 1929 turned into the long length of speculation that preceded it, at some point in which tens of millions of humans invested their financial savings or borrowed cash to buy shares, pushing charges to unsustainable ranges.
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the courses jacob has been taking that relate to his current job fall into which category? multiple choice development interpersonal relationships career management assessment training
Answers
The courses Jacob has been taking that relate to his current job fall into the training category. Option D
This is further explained below.
What is training?Generally, Teaching, or developing in oneself or others, any skills, knowledge, or fitness related to certain relevant competencies is what we mean when we talk about training.
Training is designed to improve a person's capabilities, capacities, productivity, and performance in specified ways.
Training refers to the process of enhancing an employee's knowledge and abilities in preparation for performing their duties in a certain job. The goal is to enhance both the job performance and the behavior of people who have been taught.
In conclusion, Training because the primary goal of training is to assist people in becoming more productive in their existing positions.
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From the end of 2010 to the end of 2011, M1 increased from $2,006 billion to $2,311 billion. By what percentage did M1 increase?
Answers
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
in today’s business, to be considered a fully-fledged erp system, a vendor’s erp product must be able to support ______
Answers
In today's business, to be considered a fully-fledged ERP (Enterprise Resource Planning) system, a vendor's ERP product must be able to support a wide range of functionalities.
These include financial management, supply chain management, human resources, customer relationship management, and business intelligence. An effective ERP system should offer seamless integration between these modules, allowing for efficient data sharing and streamlined operations.
By providing real-time access to critical business information, a robust ERP system enables businesses to make informed decisions, improve productivity, and enhance overall performance. In summary, a comprehensive ERP system should support essential business processes, ensuring smooth and efficient operations across all departments in an organization.
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25 points
You are an experienced customer service representative. How will you handle an irate customer? What skills will you employ? Your response must be at least 150 words.
Answers
Answer:
The impatient customer
The situation: An impatient customer may have been waiting in line longer than usual, they may be running late to their next appointment, or maybe they're restless while you search for a solution to their issue or concern.
How to handle it: Be clear and to the point without appearing dismissive of their demeanor. Explain transparently why there's a wait or delay without getting into specifics. Make sure an impatient customer knows that effort is being invested in resolving the situation.
Frame your answers in a positive light, too. For example, instead of saying that an item is out of stock, explain that a new delivery is expected by a certain date or that you are working quickly to restock the items in question
What’s the difference between a brand name and a private title
Answers
Answer:
Private brands tend to be cheaper than name brand goods
Explanation:
Please help I'm about to fail my class and i will be grounded for life, 100 pts for it! its financial literacy
Part One–Research
Imagine you bought 100 shares of stock three years ago and are selling it today. Select a company and research its stock prices. You can start with websites like Nasdaq and Fidelity. Determine the stock's price three years ago, or the purchase price, and its price today, or the selling price.
Part Two–Determine the Real Return
Calculate the real return of your stock investment using the following information:
Purchase price of 100 shares of stock
Selling price of 100 shares of stock
10% tax rate
3% inflation rate
2% administrative fee on the selling price of the stock
Part Three–Evaluate
Analyze your research and calculations, and answer the following questions:
What company did you select to buy stock in? Why did you select the company?
Consider the real return of the stock investment. Do you consider it a wise investment? Why or why not?
Answers
1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.
Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.
2. The real return on my investment in Amazon.com Inc was a net loss of 7.12% or $667.60.
3. The company I selected to buy its stock three years ago was Amazon.com Inc.
4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.
5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.
6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.
What is the stock investment?Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.
The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).
Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)
Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)
Tax (10%) = $1,024.40 ($10,244 x 10%)
Inflation (3%) = $307.32 ($10,244 x 3%)
Administration fee on sales (2%) = $204.88 ($10,244 x 2%)
Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)
Loss on returns = $667.60 ($8,707.40 - $9,375)
Loss percentage = 7.12% ($667.60/$9,375 x 100)
Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.
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what type of blogs are central to their digital marketing efforts? multiple choice microblogs personal blogs professional blogs corporate blogs personal blogs
Answers
Corporate blogs are central to a company's digital marketing efforts.
Corporate blogs are a crucial component of a company's content marketing strategy as they allow businesses to showcase their expertise, share industry insights, and provide helpful tips to their target audience. By consistently publishing high-quality blog posts, companies can position themselves as thought leaders in their industry and build trust with their audience. Additionally, blog posts can be shared on social media platforms, driving traffic back to the company's website and potentially increasing conversions.
While personal blogs and professional blogs can also be beneficial for digital marketing efforts, they typically do not have the same level of reach and credibility as a corporate blog. Microblogs can be useful for sharing quick updates and engaging with followers, but they may not provide the same depth of content as a corporate blog.
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A golf club strikes a 0.044-kg golf ball in order to launch it from the tee. For simplicity, assume that the average net force applied to the ball acts parallel to the ball's motion, has a magnitude of 6200 N, and is in contact with the ball for a distance of 0.015 m. With what speed does the ball leave the club?
Answers
The question is asking for the average speed with which the golf ball leaves the club when it is struck by the golf club. The main answer is the speed of the ball leaving the club is 42.426 m/s.
The explanation is given below. We will use the formula below: `Wnet = Fdcos(theta)Where F is the force exerted on the object and d is the distance over which the force is exerted.`The kinetic energy of the golf ball is equal to the net work done on it by the club because all other forces are internal to the ball. Therefore, `Wnet= KE= 1/2mv^2`.Since we know the force and the distance over which it is exerted, we can calculate the work done by the club on the ball by using the formula below.`W=Fd.`Let us use this formula to find work done by the club. `W= 6200 x 0.015 cos 0 = 93.0 J`The work done by the club is equal to the kinetic energy of the golf ball.
Thus, `93.0 J = 1/2 (0.044 kg)v^2`.By solving for the unknown variable v (velocity), we can find it using the formula above. `v= sqrt((2 x 93.0 J) / (0.044 kg))= 42.426 m/s`.Hence, the speed with which the ball leaves the club when it is struck by the golf club is 42.426 m/s.
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1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
Answers
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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modern organization value diversity yet diversity may pose several
risks
discuss ways in which diversity may pose a risk to
a) employees
b) the organization
Answers
a) Employees may face risks from diversity in terms of communication challenges, unconscious biases leading to exclusion, and increased conflict among diverse team members.
b) The organization may be at risk due to higher turnover, decreased employee satisfaction, internal conflicts, and missed business opportunities if diversity is not effectively managed.
a) Employees may be at danger from diversity in a number of ways. First off, communication issues caused by language or cultural limitations or both may cause misunderstandings and reduced productivity in diverse teams. Second, it's possible for unconscious prejudices and stereotypes to persist inside a variety of organizations, which can lead to exclusion and discrimination against particular people or groups. Thirdly, diversity may generate stress and conflict among workers with various viewpoints and backgrounds, which could impede teamwork and collaboration.
b) The organization may also be at risk as a result of diversity. Higher employee turnover and lower employee satisfaction in a diverse workforce can have an adverse effect on the performance of the entire organisation. Ineffective management of diversity may also cause internal disputes that impede collaboration, imagination, and innovation.
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do you like lauge arts it is supper fun in cool
Answers
Answer: It's really confusing. its just mid.
Explanation:
supply is said to be when the quantity supplied is very responsive to changes in price.
Answers
Supply is said to be elastic when the quantity supplied is very responsive to changes in price.
What is elastic supply?Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good. Price has a positive relationship with the quantity demanded.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
If the absolute value of price elasticity is greater than one, it means supply is elastic. Elastic supply means that quantity supplied is very sensitive to price changes.
Supply is inelastic if a small change in price has little or no effect on quantity supplied. The absolute value of elasticity would be less than one
Supply is unit elastic if a small change in price has an equal and proportionate effect on quantity supplied.
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"Pension funds seeking safety of principal and maximum income would use which investment strategies?"
Answers
Answer:
Purchase government and agency securities and sell covered call contracts.
Explanation:
Purchase government and agency securities and sell covered call contracts because the pension amount or fund must be managed prudently. Therefore, the purchase of government securities suitable as the sale of its covers calls contract. While short sell covers more risk so it is not suitable. Additionally, sell short govt. securities include the sale of naked call contracts.
What is the MOST likely result of imposing a price ceiling on a particular product?
Answers
Answer:
Usually, when a price ceiling is imposed, the demand for the product goes up. This can cause a shortage of products because of their high-demand. Conversely, the opposite occurs when a price floor is imposed.
shop its made by me clothing! 25% off every purchase for limited time!! shop now!
Answers
Ok I will shop there
the required return is 13 percent. if the company applies the profitability index (pi) decision rule, which project should the firm accept? if the company applies the npv decision rule, which project should it take? given your first two answers, which project should the firm actually accept?
Answers
To determine which project the firm should accept based on different decision rules:
Profitability Index (PI) Decision Rule: The profitability index is calculated by dividing the present value of future cash flows by the initial investment. If the PI is greater than 1, the project is considered acceptable. Without specific project details or calculations, it is not possible to determine which project satisfies the PI decision rule.Net Present Value (NPV) Decision Rule: The NPV is calculated by subtracting the initial investment from the present value of future cash flows. A positive NPV indicates a favorable investment. Without specific project details or calculations, it is not possible to determine which project has a higher NPV.Considering the above limitations, it is not possible to determine which project the firm should actually accept based on the given information. A detailed analysis and comparison of the specific projects' cash flows, initial investments, and discount rates would be required to make an informed decision.
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what is a skill ?
1. A person may be interested in an occupation.
2. the ability to do a certain task well.
3. Work that you do
4. Needs
Answers
There are many similarities and differences between Platonic and Aristotelian metaphysics. Select the statement about metaphysics with which only Aristotle would agree.
Answers
Answer:
"Option b" would be the right choice.
Explanation:
Throughout the given question, options are not given. Please find attachment of the rest of the options.
Besides Plato, it would've been necessary for research and theory, as well as logic, should "demonstrate" a notion or determine a material's characteristics, whereas Aristotle often favors scientific understanding but rather an observation. Plato claimed in two different perspectives, primarily the real world as well as the globe of shapes, although for Aristotle, the human mind is just once philosophy.Plato seems to be a moral relativist, either the unquantifiable consciousness, as well as the brain, generates exist because it is the individual that recognizes humanoid form.Other decisions aren't linked to the information stated. So that the response above is appropriate.
Economists assume that people are rational in the sense that.
Answers
What is the relationship between interest rates and aggregate spending?
A. when interest rates increase, aggregate spending also increases
B. when interest rates increase, aggregate spending decreases
C. they do not have any relation
D. both the factors are affected favorably by any external factor
E. both the factors are affected adversely by any external factor
Answers
in what type of economy do people generally carry economic affairs freely, but are subject to some form of government regulation?
Answers
A mixed economy is one in which people typically conduct their economic affairs freely but are also subject to some sort of governmental control.
The type of economy where people generally carry economic affairs freely but are subject to some form of government regulation is known as a mixed economy. In a mixed economy, the government regulates certain aspects of the economy, such as monopolies, environmental protection, labor laws, and consumer protection, while allowing individuals and private businesses to carry out economic affairs independently. This system seeks to balance the benefits of a free market with the need for government intervention to prevent market failures and ensure fairness and stability.
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The class will be divided into five groups. With the teacher's guide, each group should suggest a business that they want to put up. Each group should then justify their choice of business. Each group will discuss among the members the environment that should be studied in terms of the location they decided to choose. Based on the environmental analysis, the group members should identify all the factor that need to be studied in the specific environment/location.
Answers
Each group will suggest a business idea and justify their choice based on their interests, market demand, and potential profitability. They will then discuss the specific location for their business and conduct an environmental analysis to identify factors that need to be studied.
In the first paragraph, each group can briefly mention the type of business they want to put up, such as a restaurant, tech startup, clothing boutique, fitness center, or any other business idea that interests them. They should provide a concise justification for their choice, highlighting factors like market demand, personal passion, unique selling proposition, or potential profitability.
In the second paragraph, the group members will discuss the specific location for their business and conduct an environmental analysis. They need to identify and examine various factors that can influence the success of their business in that particular location. This analysis can include factors such as local competition, target market demographics, economic conditions, regulatory environment, infrastructure, availability of resources, cultural considerations, and any other relevant factors. By studying these environmental factors, the group can gain insights into the opportunities, challenges, and potential risks associated with their chosen location.
Overall, the aim is for each group to select a business idea that aligns with their interests and has potential in the market. They should then analyze the specific location's environmental factors to make informed decisions and develop strategies that maximize their chances of success. This exercise helps students understand the importance of market research, environmental analysis, and strategic planning in business development.
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