A firm that successfully disrupted the market with its business strategy is The Dollar Shave Club. They provided a razor subscription service that was far less expensive than the conventional method of purchasing razors from shops. This gave them the opportunity to undercut well-known brands like Gillette and Schick and take possession of the market.
A firm is a business that provides professional services. A corporation, limited liability company (LLC), or partnership may be used for this. Most companies only have one physical location. On the other hand, a business firm is made up of one or more physical locations that are owned jointly and have an EIN.
The term "firm" can be used to describe a variety of businesses, including those in the financial, consulting, marketing, and graphic design industries, among others. The term "firm" is frequently connected to businesses that provide specialised legal and accounting services when it appears in a title. Microeconomics' theory of the firm seeks to explain why businesses exist, how they operate and produce, and how they are structured.
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how has smart phones products been modified over time particularly modifications that made it more useful to business in general
Answer:
The rise of smartphones, tablets, and phablets has led to so many shifts from little tweaks (such as the need for bigger, clearer fonts) to huge strategic moves (the current payment wars) that just keeping track of it all can feel overwhelming. Trying to draw the right strategic lessons is even more daunting.
To help, we’ve highlighted seven key ways mobile devices have transformed e-commerce. This list, of course, is no means an exhaustive rundown of every change in the space. Rather, it’s simply an overview of some of the shifts we believe matter most.
Explanation:
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carrefour's type of delegation and it's advantages and disadvantages
Answer:
advantages: delegations involve the assignment to others authority for specific functions, tasks, and decisions.
disadvantages: delegations reduces management, stress, workload.
Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
which best explains how trade enables greater specialization among producers
The correct answer is (D). Trade enables greater specialization among producers by allowing them to focus on one kind of production and trade for their other needs.
Trade plays a vital role in enabling greater specialization among producers because it allows individuals, regions, and countries to focus on producing goods or services in which they have a comparative advantage. This specialization occurs when producers concentrate their resources, skills, and efforts on a specific area of production.
By engaging in trade, producers can rely on others to fulfill their needs for goods or services that they do not specialize in producing. This allows them to allocate their resources more efficiently and focus on producing the goods or services in which they have a competitive edge. As a result, specialization leads to increased productivity and overall economic efficiency.
Specialization and trade go hand in hand because trade provides producers with access to a wider range of goods and services from around the world. This diversification of the market enables producers to obtain specialized goods that may not be locally available. Through trade, producers can tap into a global network of suppliers and buyers, expanding their market reach and opening up opportunities for growth and profitability.
Thus, trade enables greater specialization among producers by allowing them to concentrate on their areas of expertise and trade for goods and services they require from others. This specialization, coupled with the diversification of the market through trade, leads to increased productivity and economic efficiency.
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The complete question is:
Which of the following best explains how trade enables greater specialization
among producers?
A. Trade diversifies the market by bringing specialized goods from
around the world.
B. Trade requires distribution networks and adds one more step to
the production process.
C. Trade enables producers to open up new markets for their go
and services.
D. Trade allows people to focus on one kind of production and trade
for their other needs.
A network manager assists with developing a policy to protect the company from data exfiltration. The employee devises a list of focus points to include. Which plans, when consolidated, provide the best protection for the company? (Select all that apply.)
The plans that provide the best protection for the company are:
New employees complete initial and refresher trainings on document confidentiality and the use of encryptionOnly allow removable media if it is company property, if it is required to perform a task, and if it has been cleared through the proper channelsEncrypt all sensitive data at rest and disconnect systems that are storing archived data from the networkWhat is a data exfiltration?This refers to a technique used by malicious actors to target sensitive data remotely or which can be extremely difficult to detect given it often resembles business-justified network traffic.
Therefore, the Option B, C and D are correct.
Missing options "Store backups of critical data that may be targeted for destruction or ransom on site within a secure space.
New employees complete initial and refresher training on document confidentiality and data loss prevention.
Only allow removable media if it is company property, required to perform a task, and has been cleared through the proper channels.
Encrypt all sensitive data at rest and disconnect systems that are storing archived data from the
network"
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Technician A says that an air chisel is used to dress welds.
Technician B says that paintless dent repair (PDR) tools can be used to remove small dents.
Who is right?
O A only
O Bonly
O Both A and B
Neither Anor B
Answer:
B
Explanation:
Technician B is right a pdr can be used to remove dents
According to statement, technician b only is correct. Technician B says that paintless dent repair (PDR) tools can be used to remove small dents. Thus, option (b) is correct.
What is Technician?
The term technician is details of a subject or occupation, a computer technician.
Technician is work of repair and expert of work. It is easily handle problem and resolve solution.
As a result, option (b) is correct.
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What accounts are affected. issued check $644 to pay for an advertisement
Answer:
Bank and Advertisement accounts
Explanation:
Journal entries
Advertisement A/c Dr $644
To Bank A/c $644
(Being advertisement expenses made by cheque)
Bank and Advertisement accounts are affected
The end goal of budgeting is to plan and ____ organizational finances successfully?
A. justify
B. control
C.explain
D.increase
Answer:
B
Explanation:
Controlling is another organizational goal
Which two marketing strategies would be used if a firm were not willing to find new markets?
The two marketing strategies would be used if a firm were not willing to find new markets are: Product development and market penetration.
What is marketing strategies?
Marketing strategies can be defined as the techniques companies or organization use when planning how to achieve their marketing goals a or when planning on how to create their product awareness, attract potential customers among others.
Product development as well as market penetration are the two most important marketing strategies companies use when planning on how to achieve their marketing goals and objectives.
Therefore the two marketing strategies would be used if a firm were not willing to find new markets are: Product development and market penetration.
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from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970
Answer: $0.41
Explanation:
A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.
To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:
= [(38.8 – 29.6) / 29.6] × 100%
= (9.2 / 29.6) × 100%
= 31.08%
Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:
31.08 = (X - 0.31) × 100 / 0.31
Cross multiply
(31.08 × 0.31) = 100X - 31
9.6348 = 100X - 31
100X = 9.6348 + 31
100X = 40.6348
X = 40.6348 / 100
X = 0.46348
X = 0.41
Therefore, the cost of a dozen tangerines in 1970 is $0.41
The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
Answer: Warrantly
directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
Americans _____ the rising tide of campaign cash, but the issue is a _____ priority.
Americans nationals the rising tide of campaign cash, but the issue is a low priority.
The people of the United States of America are its citizens and nations. The majority of Americans are direct citizens and nationals, but there are also a large number of dual citizens, expatriates, and long-term residents who can legitimately claim American nationality.
Americans come from a wide variety of racial and ethnic backgrounds, therefore nationality is not equated with race or ethnicity in American culture or law, but rather with citizenship and an oath of permanent allegiance.
With the exception of Native Americans and people from Hawaii, Puerto Rico, Guam, and the Philippine Islands, who became Americans through the nation's 19th-century expansion, the majority of Americans today or their ancestors arrived in the country within the last five centuries, or are descended from people who were brought here as slaves.
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The table in this question shows total cost and total revenue information for perfectly or purely competitive firms.
Quantity Total Cost Total Revenue
0 500 0
1 600 135
2 710 270
3 830 405
4 960 540
5 1100 675
6 1250 810
7 1410 945
8 1580 1080
9 1760 1215
10 1950 1350
Firms earning a loss will sometimes shut down in the short run/ What will the profits be if this firm shuts down?
$ _____
Firms sometimes prefer to minimize losses by continuing to operate in the short run, what will its profits equal? Enter a negative number for a loss
$ _____
What quantity will the firm produce if it shut down in the short run?
_____ Units
What quantity will the firm produce to minimizes losses in the short run?
_____ Units
If the cost and revenue numbers in the table will continue forever permanently, is it better for this firm to:
a. Shut down immediately
b. Continue to operate indefinitely
c. Continue to operate in the short run, and exit the market in the long run
The firm can minimize its losses to -$420 by producing 4 units in the short run, but in the long run, it should exit the market since it's unable to make a profit with the given cost and revenue numbers.
What will be the revenue numbers?
1. If the firm shuts down, the profits will be:
Total Revenue (TR) - Total Cost (TC) = 0 - 500 = -$500
2. To minimize losses, the firm should operate where the difference between Total Revenue and Total Cost is the smallest. Let's find the smallest difference in the table:
- (600-135) = -$465
- (710-270) = -$440
- (830-405) = -$425
- (960-540) = -$420
- (1100-675) = -$425
- (1250-810) = -$440
- (1410-945) = -$465
- (1580-1080) = -$500
- (1760-1215) = -$545
- (1950-1350) = -$600
The smallest difference is -$420 when producing 4 units. Thus, the profits will equal -$420 when minimizing losses.
3. The quantity the firm will produce if it shuts down in the short run is 0 units.
4. The quantity the firm will produce to minimize losses in the short run is 4 units.
5. Considering the cost and revenue numbers in the table, the firm should:
c. Continue to operate in the short run, and exit the market in the long run
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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company manufactures pillows. the operating budget was based on production of pillows, with machine-hours allowed per pillow. budgeted variable overhead per hour was . actual production for was pillows using machine-hours. actual variable costs were per machine-hour. calculate the following: a. the budgeted variable overhead for b. the variable overhead spending variance c. the variable overhead efficiency variance
a. The budgeted variable overhead is $468,750.
b. The variable overhead spending variance is $38,100 Favorable
c. The variable overhead efficiency variance is $30,000 Favorable
What is variable overhead?Variable overhead is a cost of running a business that varies with operational activity. Variable overheads rise and fall in lockstep with production output. Overheads, such as administrative overhead, are often a set cost.
The variable manufacturing overhead controllable variance reflects how effectively the company stuck to its budget. The difference between the planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced is the fixed factory overhead volume variance.
a. The budgeted variable overhead for 2017 = Budgeted hours * Variable overhead rate per hour
= (25000*0.75)*$25 = $468,750
b. Variable overhead spending variance = (SR - AR) * AH = ($25 - $23) * 19050 = $38,100 Favorable
c. Variable overhead efficiency variance = (SH - AH) * SR = (27000*0.75 - 19050) * $25 = $30,000 Favorable
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which statement best describes the relationship between businesses and other parts of the circular flow of goods?
A. businesses make rules about what resources will be available
B. businesses sell the goods produced in households
C. businesses create the goods that product markets sell
D. businesses make it easier for households to access resource markets
The statement that describes the relationship between businesses and other parts of the circular flow of goods is that it is the businesses that create the goods that product markets sell. Hence, Option C is correct.
What is the flow of goods?Right from the availability of the raw material to the delivery of the goods to the ultimate customer, there is proper supply chain management, it works with the aim of the flow of goods. There are various types of flow, like labor flow, money flow, and many more.
Sometimes it is a complicated web in which there are interconnected networks, which involve a distribution channel also. There is a flow of labor also available, whose work is to produce goods and services.
Therefore, Option C is correct.
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The opportunity cost of watching a movie will be equal to;
А) The time lost while watching the show
B)The pleasure that could have been enjoyed watching TV instead
С )The pleasure enjoyed by watching the show
D) The amount paid to buy the tickets
Answer:
А) The time lost while watching the show
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up.
A and D seems correct, but the wording on D makes A the better answer.
gdp per capita is a relatively good measurement of: group of answer choices the distribution of income. purchasing power. household production. the standard of living.
GDP per capita is a relatively good measurement of the standard of living. Gross Domestic Product per capita (GDP per capita) is a measure of the country's economic output that determines the total economic output of a country divided by the total number of people in the country.
It's a measure of a country's economic efficiency and standard of living, as well as a comparison of different countries' economies. The calculation of GDP per capita can be done in the following ways: Dividing the Gross Domestic Product by the country's overall population is one way to calculate the GDP per capita. The second way to calculate GDP per capita is to divide the total workforce by the working population because it is the working population that drives the economy.
Therefore, it can be concluded that GDP per capita is a relatively good measurement of the standard of living. GDP per capita is a relatively good measurement of the standard of living. This is because it represents the average economic output per person in a country, which is commonly used to gauge the overall well-being and prosperity of a population.
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Conversational marketing can take place in which of the following forums?
a. Blogs
b. Wikis
c. Online forums
d. Social networking sites
e. All of the above
Conversational marketing can take place in all of the mentioned forums: blogs, wikis, online forums, and social networking sites.
Conversational marketing refers to engaging in interactive and two-way conversations with customers or prospects. It aims to build relationships, provide information, and address inquiries or concerns. Blogs, wikis, online forums, and social networking sites are all platforms where conversational marketing can occur. These forums provide opportunities for businesses to initiate conversations, participate in discussions, and interact with their target audience. Each platform offers its own unique features and benefits, allowing businesses to choose the most suitable platforms to engage in conversational marketing based on their marketing goals and the preferences of their target audience.
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HELPPPP. In business, cash overages are
(A) revenue.
(B) expenses.
(C) assets.
(D) liabilities
Answer:
A. Revenue
Explanation:
Shortages are losses
Overages are gains or revenue
Type the correct answer in the box.
Identify the kind of control decision involved in the given scenario..
Jillian is asked to forecast sales for next year. Her boss tells her to analyze internal budgets, market share, and inputs from niche markets. Jillian will
use
___forecasting.
Jillian's boss wants her to use internal budgets, market share, and inputs from niche markets, so Jillian will use Multiple linear regression forecasting.
How to know the forecasting method?The forecasting method to be used will depend on the variables to be used in the forecasting of the sales. If there are multiple variables then a linear regression method is to be used.
If there are multiple independent and dependent variables such as internal budgets, market share, and input from niche markets, then it is best to use the Multiple linear regression form of forecasting.
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Discuss about the environmental and cultural issues in the
chapter project manager
Subject: project management
The chapter Project Manager in Project Management discusses several environmental and cultural issues. The environmental issues involve external and internal factors affecting the project.
The external environmental factors include legal, political, technological, social, and economic factors. These factors can influence the project positively or negatively. For instance, changes in government regulations can either hinder or support the project.
On the other hand, internal environmental factors are the organizational factors that can affect the project. They include organizational culture, structure, and resources. Inadequate resources can lead to project failure, while an excellent organizational structure can enhance the success of the project.
Cultural issues, on the other hand, are the barriers or challenges that arise due to cultural differences among project stakeholders. The cultural issues affect communication and can lead to conflicts and misunderstandings. Project managers need to be aware of cultural issues to prevent their projects' failure due to miscommunication. Additionally, project managers need to ensure that their project team is diverse and includes people from different cultural backgrounds. This diversity enhances cultural competence and helps team members appreciate the differences in cultures.
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The discipline of project management covers a wide range of businesses and sectors, and the projects carried out within these spheres frequently have an impact on the environment and culture.
It is becoming more and more common for project managers to adopt sustainable practices and think about how their initiatives may affect the environment. This entails cutting back on carbon emissions, cutting waste production, preserving resources, and using renewable energy sources whenever practical.
Environmental and cultural issues must be taken into consideration by project managers. This calls for the incorporation of sustainable practices, adherence to environmental laws, preservation of ecosystems and cultural heritage, involvement of stakeholders, management of social impacts, and encouragement of good cross-cultural communication.
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Unrealized holding gains or losses which are recognized in income are from debt securities classified as
Answer:
Trading.
Explanation:
In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.
Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.
However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.
Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.
you must report a collision to the dmv if the damage to the property is more than $750. (True or False)
The statement "You must report a collision to the DMV if the damage to the property is more than $750" is true. The answer depends on the state, but in many US states, the statement is correct.
If you are involved in a car collision and the damage to property exceeds a certain amount, typically around $750, you are required to report the accident to the DMV or other relevant authorities. Failure to report a collision when required to do so can result in legal penalties such as fines or the suspension of your driver's license.
In addition to reporting the accident to the DMV, you may also be required to exchange information with the other driver involved in the collision, such as contact and insurance information. It is important to follow all applicable laws and procedures when involved in a car collision to ensure your safety and protect your legal rights.
In summary, it is important to check the specific laws and regulations in your state or jurisdiction regarding reporting car collisions. However, in many states, you are required to report a collision to the DMV if the damage to property exceeds a certain amount, typically around $750.
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On March 1, the Mixing Department had 550 rolls of paper in process. During March, the Mixing Department completed the mixing process for those 550 rolls and also started and completed the mixing process for an additional 4,150 rolls of paper. The department started but did not finish the mixing process for arn additional 500 rolls, which were 20% complete with respect to both direct materials and conversion work at the end of March. Direct materials and conversion costs are incurred evenly throughout the mixing process.
Direct Direct Manufacturing Total
Materials Labor Overhead Allocated Costs
Beginning inventory, Mar. 1 $280 365 $ 4,125 180
Costs added during March 5,720 3,250 825 13,095
Total costs $6,000 4,490 3,430 13920
Journalize all transactions affecting the company's mixing process during March.
Prepare the journal entry to record the cost of the units completed and transferred out of the Mixing Department.
For the Mixing Department, the following journal entries are prepared.
Journal Entries:
1. Debit Work in Process $13,095
Credit Direct materials $5,720
Credit Direct labor $4,125
Credit Manufacturing overhead $3,250
To record costs of materials, labor, and manufacturing overhead allocated.2. Debit Transfer out $13,630
Credit Work in Process $13,630
To record the cost of units completed and transferred out.Data and Calculations:
Direct Direct Mfg o/h Total
Materials Labor Allocated Costs
Beginning inventory $280 $365 $180 $825
Costs added in March 5,720 4,125 3,250 13,095
Total costs $6,000 $4,490 $3,430 $13,920
Physical Direct Conversion
Units Materials Costs
Units to account for:
Beginning Work in process 550
Started in March 4,650
Total units to account 5,200
Completed & transferred 4,700
Ending work in process 500
Units accounted for:
Ending work in process 500 100 (20%) 100 (20%)
Completed & transferred 4,700 4,700 (100%) 4,700 (100%)
Total equivalent units 4,800 4,800
Direct Conversion Total
Materials Costs Costs
Costs to account for:
Beginning inventory $280 $545 $825
Costs added in March 5,720 7,375 13,095
Total costs $6,000 $7,920 $13,920
Total equivalent units 4,800 4,800
Cost per equivalent unit $1.25 $1.65
($6,000/4,800) ($7,920/4,800)
Costs accounted for:
Completed & transferred $5,875 $7,755 $13,630
(4,700 x $1.25) (4,700 x $1.65)
Ending inventory $125 $165 $290
(100 x $1.25) (100 x $1.65)
Total costs accounted $6,000 $7,920 $13,920
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what is the best strategy to avoid paying interests on your credit card
Answer:
Paying the balance full each month
Explanation:
Already did this on everfi and got it right.
In analyzing teamwork, what is the term that describes the degree to which team members have specialized knowledge
The term that describes the degree to which team members have specialized knowledge in the context of analyzing teamwork is "task interdependence" or "task specialization."
Task interdependence refers to the extent to which team members rely on each other's expertise and work collaboratively to achieve common goals.
It encompasses the distribution of tasks and responsibilities within a team, with some members possessing specialized knowledge or skills in specific areas relevant to the team's objectives. The level of task interdependence influences how team members coordinate their efforts, communicate, and utilize their specialized knowledge to achieve optimal team performance.
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Advantages of multi national company in a country?
Answer:
Access to lower production costs. Setting up production in other countries, especially in developing economies, usually translates to spending significantly less on production costs. ...
Proximity to target international markets. ...
Access to a larger talent pool. ...
Avoidance of tariffs.
Explanation:
hope this helps
Answer:
Advantages of multi national company in a country are:
1. Employment opportunities
2. Increased income
3. Foreign direct investment
4. Build New Market and Customer
5. Brand building
How did the world's per capita income and the degree of income inequality change between 1800 and 1980?
Income disparity rose although per capita income climbed by about ten times.
The distribution of income or income growth among the population is referred to as income inequality. Less equal income distribution or growth is represented by higher income inequality. The paper offers a number of inequality measurements.
The amount of money made per person in a country or region is expressed as per capita income. The average per-person income for a region is calculated using per capita income, which is also used to assess the population's standard of living and quality of life.
From 100-1900 world's per capita income increased but degree of income inequality also increased.
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You like my koala his name is Fred
Answer:
i do like your koala
Explanation: