she was skeptical about investing in it because of the financial crisis in her country. however, she was put at ease after learning about the government's policy of levying low federal taxes on startup businesses. in this context, which dimension of the business environment is affected the most?

Answers

Answer 1

The government's policy of levying low federal taxes on startup businesses affects the economic dimension of the business environment the most by creating a favourable financial environment for businesses to thrive.

The government's decision to tax new companies only minimally at the federal level has a big effect on the economic side of the business climate. Potential buyers may be reluctant to make investments in companies during financial crises due to the state of the economy. However, by lessening their financial load, the government's policy of offering tax rebates can give new companies a much-needed lift.

This could then spur additional investment, open up job possibilities, and eventually aid in the expansion of the economy. Therefore, since it fosters a favourable financial climate for companies to flourish, the economic aspect of the business environment is most impacted in this context.

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Related Questions

the process of newcomers gaining acceptance into an existing group is influenced by which of the following?

Answers

The process of newcomers gaining acceptance into an existing group is influenced by all of the above. option d is the answer.

The number of members in the existing group: The measure of the bunch can affect how promptly newcomers are acknowledged. In a littler bunch, people may be more closely associated and have more grounded bonds, making it possibly more challenging for newcomers to coordinate. Alternately, bigger bunches may give more openings for newcomers to discover people with comparable interfaces or frame littler subgroups inside the bigger community.

How well the existing group is functioning: The cohesiveness and working of the existing bunch can play a part in tolerating newcomers. On the off chance that the gather is working well and has solid inner connections, they may be more open to tolerating unused individuals who adjust with their values and contribute emphatically to the gathered energy. On the other hand, on the off chance that the existing gather is encountering strife or inside issues, they may be less responsive to tolerating newcomers.

The degree of past turnover of members in the existing group: The history of part turnover within the existing bunch can affect the gathering of newcomers. If the bunch has experienced visit turnover, they may be more usual to join modern individuals and have built up forms or standards for inviting them. Conversely, on the off chance that the bunch has had steady participation for a long time, they may be safer to alter and less open to tolerating newcomers.

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The complete question is-

The process of newcomers gaining acceptance into an existing group is influenced by which of the following?

a) The number of members in the existing group

b) How well the existing group is functioning

c) The degree of past turnover of members in the existing group

d) All of the above

 

The McArthur Company produces special vacuum cleaners for conveniently cleaning the inside of cars. About a thousand of these, with stamped serial numbers, are produced every month and stored serially in a stockroom. Once a month an inspector does a quality control check on 50 of these. When he certifies them as to quality, the units are released from the stockroom for sale. The production and sales managers, however, are not satisfied with the quality control check since, quite often, many of the units sold are returned by customers because of various types of defects. What would be the most useful sampling plan to test the 50 units and why?

Answers

The most useful sampling plan would be random sampling. Random sampling involves randomly selecting 50 units from the stockroom for quality control checks.

The most useful sampling plan to test the 50 units would be a random sampling plan. Random sampling involves selecting items from the population in a completely random manner, without any specific criteria or bias. In this case, it means randomly selecting 50 vacuum cleaners from the stockroom for quality control checks.

Random sampling is beneficial because it provides an unbiased representation of the entire population. By randomly selecting the units, the sample is likely to be representative of the overall quality of the produced vacuum cleaners. This allows the inspectors to assess the quality of the entire batch based on a smaller sample size.

Using random sampling helps to ensure that the sample is not biased towards certain serial numbers or other factors that could potentially affect the quality. It provides a fair and objective evaluation of the overall quality control process and helps identify any issues or defects that may be present in the production line.

It's important to note that other sampling techniques, such as stratified sampling or systematic sampling, may also be considered depending on specific factors and objectives of the quality control process.

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ONE TWO THREE FOUR _______________.

Answers

Answer:

I declare a thumb war?

Explanation:

Answer:

5

Obviously it’s 5 your welcome

What are the two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing

Answers

The two ways that entrepreneurs assess the likely product demands for a product are through analyzing market research and historical data.

Who are Entrepreneurs?

An entrepreneur is a person who makes the decision of starting their own business based on the innovation of an idea or a product they have invented, taking on most of the risks and receiving the majority of the gains.

The two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing is through:

Market research, andHistorical data

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What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.

Answers

It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.

Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.

It involves using media and other means to make the public aware about the products or services.

We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.

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Answer: To make people want the things they do not have.

Explanation:

The purpose of advertising is to make people want things they don’t have

If you are interviewed by more than one person, you should send a thank-you note to _____.


each person in the interview

each person you see in the building

the first person you are introduced to

the person who is obviously leading the interview

Answers

Answer:

option A is correct.

i.e.

each person in the interview.

Explanation:

Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.

________ are a popular solution for individuals and businesses where access speed is not essential, but capacity and durability are crucial.

Answers

network drives hope this helps:)

Network drives are a popular solution for individuals and businesses where access speed is not essential, but capacity and durability are crucial.

What is Network drives?

A network drive is a storage device on a local access network available  within a business or home.

They are the hard drives that is directly into the network and can be used for data storage by any network user with proper credentials.

The network drive is generally located on a network-attached storage (NAS) device.

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which of the following is true about the beta of a portfolio of stocks? group of answer choices portfolio beta is the weighted average of the betas of the stocks that make up the portfolio. portfolio beta is dependent upon the correlation coefficients between the stocks that make up the portfolio. portfolio beta is higher than the weighted average of the betas of the stocks that make up the portfolio. none of the above are true.

Answers

"Portfolio beta is the weighted average of the betas of the stocks that make up the portfolio" is true about the beta of a portfolio of stocks. The correct answer is A)

The beta of a portfolio of stocks is a measure of the portfolio's sensitivity to changes in the overall stock market. It is calculated by taking the weighted average of the betas of the individual stocks in the portfolio.

The weight of each stock is determined by its proportion in the portfolio. Therefore, if a stock has a higher proportion in the portfolio, its beta will have a greater impact on the portfolio's overall beta.

Option B) states that portfolio beta is dependent upon the correlation coefficients between the stocks that make up the portfolio. Correlation coefficients are measures of the linear relationship between two variables. While correlation coefficients can affect the risk of a portfolio, they do not directly determine the portfolio beta.

Option C) states that portfolio beta is higher than the weighted average of the betas of the stocks that make up the portfolio. This is incorrect because the beta of a portfolio is equal to the weighted average of the betas of the stocks that make up the portfolio.

In conclusion, option A is the correct answer as the beta of a portfolio of stocks is the weighted average of the betas of the stocks that make up the portfolio.

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According to the law of large numbers, what happens as the number of exposure units increases?
A) Actual results will increasingly differ from probable results.
B) Actual results will more closely approach probable results.
C) Nondiversifiable risk will decrease.
D) Objective risk will increase.

Answers

According to the law of large numbers, as the number of exposure units increases, actual results will more closely approach probable results.  Actual results will more closely approach probable results.

This means that the more data or trials that are collected, the closer the results will be to the expected or probable outcome. This law is a fundamental principle in insurance and probability theory, which states that as the number of independent trials increases, the actual results will converge towards the expected or probable results. In the context of insurance, it means that as the number of insured individuals or policies increases, the actual losses experienced by the insurer will approach the expected losses predicted by actuarial analysis. The law of large numbers is used by insurance companies to manage risk and ensure that they have adequate reserves to cover future claims.

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3. Competencies 500 words List 2 competencies (skills and abilities) you need to become successful in transformational leadership? Use 1 academic source and 3 non-academic sources to support your ideas and using example of ""Leader bill gates"" to explain and discuss these competencies.

Answers

To become successful in transformational leadership, there are various competencies that are crucial for effective leadership. Two key competencies for transformational leadership are vision and communication.

Vision: Vision is an essential competency for transformational leaders as it involves setting a clear and inspiring direction for the organization or team. According to the academic source by Bass and Riggio (2006), a transformational leader must possess a compelling vision that motivates and engages followers.

Communication: Effective communication is another vital competency for transformational leaders. It involves the ability to articulate the vision, inspire and motivate followers, and foster open dialogue within the organization.

The Wall Street Journal (2021) highlights the importance of vision in transformational leadership and mentions Bill Gates as an example of a leader with a clear vision for Microsoft and the impact it had on the technology industry. An article from Harvard Business Review (2018) emphasizes the significance of effective communication in transformational leadership.

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Which sentence is the best example of informal business writing?

Answers

Informal business writing is typically characterized by a casual tone and the use of everyday language. One sentence that exemplifies informal business writing is: "Hey, just wanted to follow up on that proposal we discussed.

Do you have any thoughts on it?" This sentence uses a conversational tone and informal language, such as "Hey" and "thoughts," to communicate a message. In contrast, a more formal business writing example might be: "Please be advised that I am following up on the proposal we discussed. I would appreciate your feedback at your earliest convenience." This sentence uses more formal language and a more structured tone to convey the same message. When deciding which type of writing to use, it is important to consider the context and audience of the message.

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1.05 the market price

1.05 the market price

Answers

The term market price refers to the amount of money for which an asset can be sold in a market.

What is the meaning of Market Price?

The price at which an asset can be sold on the open market is referred to as the "market price." The supply and demand for a given commodity have a significant impact on its market price. The most recent price at which a financial asset or security was exchanged is regarded as the asset's market price.

The cost at which a good, service, financial instrument, or other tradeable good can be purchased and sold openly; is sometimes known as the Market price.

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in the b2b buying process, after a business identifies a need, its immediate next step is to describe and quantify it. what is the third step in the process?

Answers

The ultimate stage of the B2B shopping for procedure comes when the client is prepared to make a purchase decision.

From this point, the objective is to furnish excellent purchaser service. This is integral to win their persevered business and get referrals.

What are two of the B2B bases for segmentation?

The three kinds of B2B segmentation bases are demographic, geographic, and behavioral. Although the names of these bases in shape those of the B2C bases discussed up to this point, they apply differently. The predominant B2B demographic variables consist of industry, measurement of the organization, and ownership structure.

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in the united states about ________ percent of all jobs are in consumer services.

Answers

In the United States, about 80 percent of all jobs are in the service sector, and consumer services make up a significant portion of that sector. Consumer services refer to businesses that provide services directly to consumers, such as retail, hospitality, food service, healthcare, and personal care.

These industries are often considered the backbone of the American economy, as they generate the majority of jobs and contribute significantly to GDP. The service sector has been growing steadily in recent years, fueled by a shift in the economy away from manufacturing and towards services. This trend is expected to continue, and consumer services will likely remain a critical part of the U.S. job market for the foreseeable future.

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A system used to record, classify, summarize and report the financial position of a business is known as which of the following?
O Distribution
Accounting
Human resources
Management

Answers

Answer:

Accounting.

Explanation:

A system used to record, classify, summarize and report the financial position of a business is known as accounting.

In Business management, there are primarily three (3) types of accounting and these are;

1. Cost accounting.

2. Managerial accounting.

3. Financial accounting.

The importance of accounting is to help individuals or businesses to keep track of their income, revenues and expenses and to provide financial information for investors and governmental agencies, as well as to help in decision making.

An individual who is saddled with the responsibility of performing these accounting processes, procedures or tasks is known as an accountant or bookkeeper.

when a cashier is deciding how many hours to work, the marginal benefit she should consider is and the marginal cost she should consider is .

Answers

 The marginal benefit to be considered by the cashier is the hourly pay, and the marginal cost will be the hourly value of time off.

What is marginal benefit?

  Marginal benefit is defined as the maximum value that a consumer can pay for a good or service, although another definition can be the utility and satisfaction that a buyer acquires for a good or service.

  In this case, if a cashier is deciding the number of hours she should work, for a marginal benefit she should consider the payment she will receive for each hour of work.

  On the other hand, if she wants to know the marginal cost, she must determine the free time or hours based on the payment she does not get for them.

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A state government provided several grants to school districts and local governments during its fiscal year ending August 31. On August 1, 2021, it announced a $2 million grant to a local school district for the purchase of computers. The district can spend the funds upon receipt. On September 15, 2021, the state mailed a check for the full amount to the district. The district spent $1.5 million on computers during fiscal 2022 (i.e., the year ending August 31, 2022) and expects to spend the remaining $0.5 million in fiscal 2023. On the same date, the state announced a $10 million grant to another school district for the acquisition of equipment. However, per the provisions of this grant the state will make payments only upon receiving documentation from the district that it has incurred allowable costs. In fiscal 2022, the district incurred and documented allowable costs of $8 million. Of this, the state paid only $7 million, expecting to reimburse the district for the balance early in fiscal 2023. The state also announced a $5 million grant to a third school district, again for the acquisition of computers. The state will make annual five $1 million payments to the district, starting on September 15, 2022. The district is required to expend the funds in the fiscal year in which they are received. Toward the end of fiscal 2022, it awarded a $500,000 contract to the accounting department of a local university to support a review of thestate's cost accounting system. The department intends to carry out the review during 2023 and issue its final report to the state in early 2021. Upon announcing the award, the state made an advance payment of $100,000 to the department. It intends to pay the balance when the department completes the project to the satisfaction of the state. In August 2022, the state announced, and paid, a $75,000 grant to a local health district to fund various prenatal services that were to be provided in fiscal 2023. At the time the grant was awarded, the health district has satisfied all eligibility requirements other than a time requirement.

Prepare the journal entries that the state would make in fiscal 2022 to record the awards in an appropriate governmental fund

Answers

To record the awards in an appropriate governmental fund in fiscal 2022, the state would make the following journal entries:

1. August 1, 2021:
  Debit: Expenditures - Computers (grant to local school district) $2,000,000
  Credit: Other Financing Sources - Grants (grant to local school district) $2,000,000

2. September 15, 2021:
  Debit: Accounts Receivable - Other Governments (grant to local school district) $2,000,000
  Credit: Due from Other Governments (grant to local school district) $2,000,000

3. Fiscal 2022:
  Debit: Expenditures - Computers (local school district) $1,500,000
  Credit: Encumbrances (local school district) $1,500,000

4. Fiscal 2022:
  Debit: Expenditures - Equipment (grant to another school district) $8,000,000
  Credit: Other Financing Sources - Grants (grant to another school district) $8,000,000

5. Fiscal 2022:
  Debit: Expenditures - Computers (grant to third school district) $1,000,000
  Credit: Other Financing Sources - Grants (grant to third school district) $1,000,000

6. Fiscal 2022:
  Debit: Expenditures - Contractual Services (grant to accounting department) $100,000
  Credit: Due to Other Governments (grant to accounting department) $100,000

7. August 2022:
  Debit: Expenditures - Prenatal Services (grant to local health district) $75,000
  Credit: Other Financing Sources - Grants (grant to local health district) $75,000

These journal entries record the awards of grants to various entities in the appropriate governmental fund. The debits represent the expenditures or payments made, while the credits represent the sources of funds, such as grants or accounts receivable. The entries ensure that the financial transactions related to the grants are properly recorded and accounted for in the state's financial statements.

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A physical inventory count of Garden Company has a $74,250 balance before considering the following: Consigned goods sent to and held by Madison Company: $13,225 Inventory in transit sold FOB destination: $9,145 Inventory in transit purchased FOB destination: $2,810 At what amount should inventory be listed on the balance sheet

Answers

Answer:

$96,620

Explanation:

Calculation to determine At what amount should inventory be listed on the balance sheet

Using this formula

Inventory=Physical inventory+Consigned goods +Inventory in transit sold FOB destination

Let plug in the formula

Inventory= $74,250+$13,225 + $9,145

Inventory= $96,620

Therefore At what amount should inventory be listed on the balance sheet will be $96,620

the risk that income from a bond portfolio will vary because cash flows must be reinvested at current market rates is called .

Answers

The risk that income from a bond portfolio will vary because cash flows must be reinvested at current market rates is called interest rate reinvestment risk.

Reinvestment risk is the chance that an investor won't be able to reinvest cash flows from an investment, like interest or coupon payments, at a pace that is comparable to their present rate of return. The reinvestment rate is the name given to this new rate.

The only fixed-income security with no inherent investment risk is zero-coupon bonds (Z-bonds), which do not issue coupon payments over the course of their lifespan.

Reinvestment risk is the possibility that the cash flows from an investment will produce less in a new security, resulting in a loss of opportunity. There is a chance that the investor won't be able to reinvest cash flows at a rate that is consistent with their existing rate of return.

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Green et al. (2005) estimate the supply and demand curves for California processed tomatoes. The supply function is: In(Qs) - 0.200 +0.550 In(p), where Q is the quantity of processing tomatoes in millions of tons per year and p is the price in dollars per ton. The demand function is: In(Od) 2.600-0.200 In(p)0.150 In(pt), where pt is the price of tomato paste (which is what processing tomatoes are used to produce) in dollars per ton. Suppose pt $130. Determine how the equilibrium price and quantity of processing tomatoes change if the price of tomato paste rises by 22%. If the price of tomato paste rises by 22%, then the equilibrium price will V by $. (Enter a numeric response using a real number rounded to two decimal places.)

Answers

If the price of tomato paste rises by 22%, the equilibrium price of processing tomatoes will decrease by $1.96 and the equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year.

The price of tomato paste is a substitute for processing tomatoes. If the price of tomato paste rises by 22%, the demand for processing tomatoes will decrease.

This will cause the equilibrium price of processing tomatoes to decrease. The equilibrium quantity of processing tomatoes will also decrease.

The equilibrium price of processing tomatoes will decrease by $1.96. This is because the demand function for processing tomatoes is negatively sloped.

When the price of tomato paste rises, the demand for processing tomatoes decreases, which causes the equilibrium price of processing tomatoes to decrease.

The equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year. This is because the supply function for processing tomatoes is positively sloped.

When the price of tomato paste rises, the supply of processing tomatoes increases, which causes the equilibrium quantity of processing tomatoes to decrease.

In conclusion, if the price of tomato paste rises by 22%, the equilibrium price of processing tomatoes will decrease by $1.96 and the equilibrium quantity of processing tomatoes will decrease by 0.63 million tons per year.

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An innovative business idea that no one has never had

Answers

An innovative business idea that no one has never had is Offering virtual assistance to other businesses.

What is innovative business idea ?

innovative business idea can be described as an idea in business that cn be developed so that it can be a way to earn a living by providing the services or the goods to the consumer.

It should be noted that this innovation can be the one that no one has ever done or the modification of the one that has been in exisitence, however providing the virtual assistance serves as one of the innovation in business that can ring profit.

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Complete question:

State An innovative business idea that no one has never had

In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?

Answers

The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.

Calculation of the total revenue:

We know that

Profit is $5,456,963

And, expenses is $2,456,654

We know that

Profit = Revenue - Expenses

$5,456,963 = Revenue - $2,456,654

So, the revenue is  

= $5,456,963 + $2,456,654

= $7,913,617

Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.

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stock market analysts often argue that lower interest rates are good for the stock market. does this argument make sense? a. no; lower interest rates will tend to slow down the economy, and this will be bad for the stock market. b. yes; the lower rates of interest will increase the value of future income (and capital gains), and stock prices will rise to reflect this factor. c. no; the lower rates of interest will reduce the value of future income (and capital gains), and this will cause stock prices to fall. d. yes; the lower interest rates will cause inflation, and inflation is generally good for the stock market.

Answers

The argument that lower interest rates are good for the stock market is generally aligned with option (b): yes, lower rates of interest can increase the value of future income and capital gains, leading to an increase in stock prices . Here's a further explanation:

When interest rates are lower, it becomes cheaper for individuals and businesses to borrow money. This can stimulate economic growth and increase consumer spending, which can ultimately benefit companies and their earnings.

Lower interest rates also make fixed-income investments, such as bonds, less attractive compared to stocks, prompting investors to shift their investments towards equities, thereby driving up stock prices.

Additionally, lower interest rates make it more affordable for companies to borrow money for expansion or investment, which can contribute to their growth and profitability. This increased corporate performance can lead to higher stock prices as investors anticipate higher future earnings and capital gains.

Option (a), on the other hand, suggests that lower interest rates will slow down the economy and be bad for the stock market. While it is true that lower interest rates can potentially slow down the economy, the argument generally focuses on the impact of interest rates on the stock market, rather than the broader economic implications.

Option (c) suggests that lower interest rates reduce the value of future income and capital gains, causing stock prices to fall. However, this view is not commonly supported by stock market analysts. Lower interest rates typically have a positive effect on stock prices, as explained earlier.

Option (d) proposes that lower interest rates cause inflation, which is generally good for the stock market. While some level of inflation can be beneficial for certain sectors and companies, it is not a direct consequence of lower interest rates.

The relationship between interest rates, inflation, and the stock market is more complex and depends on various economic factors and market conditions.

In summary, the argument that lower interest rates are good for the stock market (option b) is the most commonly accepted viewpoint among stock market analysts.

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An increase in sales will increase net operating income by a multiple of that increase in sales. The multiple is known as the ______. Multiple choice question.

Answers

Increase in sales will increase net operating income by the degree of operating leverage.

What is Operating leverage?

This can be defined as a measure of how revenue growth translates into growth in operating income.

In this scenario, increase in sales leads to a corresponding increase in income with the operating leverage measuring the extent to which it occurred.

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both mortgages and auto loans

A are riskier for lenders.
B are riskier for borrowers.
C require a down payment in general.
D require minimum payments.​

Answers

both mortgages and auto loans require minimum payments.

Answer:

C

Explanation:

require a down payment in general

What do you mean by ECONOMIC ​

Answers

Answer:

Economics is a social science concerned with the production, distribution, and consumption of goods and services.

What economic system emerged during the industrial revolution.

Answers

Answer:

Capitalism

Explanation:

5. Consider the markets below. Summarize and show on a fully labeled S/D diagram what happens, all else equal, what
happens if the mentioned events occur. Be sure to indicate which curve changes, how it changes, why it changes and
what the effect is on P* and Q*. If the determinant (reason why) has a subcategory, be sure to name both the
determinant AND the subcategory involved. Start grey pencil/black pen, shifting curve changes color to blue.
a. Market for gasoline, all else equal, new oil reserves found in easily accessible fields in the US greatly reduce the
cost of crude oil.
b.
d.
c. Market for operating system software (i.e. Windows 11), all else equal, the price of computers increases.
Market for electric vehicles all else being equal, consumer marketing for electric vehicles becomes much more
effective in persuading people to ditch gasoline/diesel fueled vehicles.
Market for tropical fruit, all else equal, costs of labor, fertilizer and pesticides increase in countries that produce
tropical fruit.

Answers

Market for Home Computer Equipment: A pandemic requires a large number of people to work remotely from home.

What happens to the market for home computer equipment when a pandemic requires remote work?

When a pandemic requires a large number of people to work remotely from home, the demand for home computer equipment increases. This shift in demand is due to the increased need for individuals to have their own personal computers and accessories to effectively carry out their work tasks from home.

As a result, the demand curve for home computer equipment shifts to the right, indicating a higher quantity demanded at each price level. This leads to an increase in both the equilibrium price (P*) and the equilibrium quantity (Q*) of home computer equipment in the market.

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A South Korean electronics company had to add detailed instructions about the repair and replacement of its product to make it easier for the local consumers to maintain it. Which element of the Product Component Model relates to this issue

Answers

The element of the product component model that related to this issue is support service.

There are three layers of the product component model that are as follows:

Core component - core product.Packaging component - price, quality, trademark, etc Support service component - repair, replacement, etc.

Since the company added the detailed instructions related to the:

repaid & replacement in order to maintain it.

So this issue should be related to the support services as the company could support the clients if there is any repair or replacement issue,

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When Randy, a general manager of a national retailer, moved to a different store in his company that was having difficulty, he knew that sales were low and after talking to his employees, he found morale was also low. At first Randy thought attitudes were poor due to low sales, but after working closely with employees, he realized that the poor attitudes were actually the cause of poor sales. Randy was able to discover the cause of the problem by utilizing ______ skills.

Answers

Answer:

Conceptual skills

Explanation:

Conceptual skills are inmate skills that enables one to have an understanding of complex problems or situations and also able to proper solutions to them in a creative manner. It is a skill that enables one to think creatively and proffer solutions to problems in a dynamic way.

When difficult situations arises, conceptual skills creates an initiative approach to those scenarios with a view to solving them hence needed by individuals and managers to effectively guide a business.

As in the above scenario, Randy was able to discover that poor attitude was actually the cause of poor sales among the employees due to the conceptual skill he possesed.

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