The total expenditures on good X would decrease.
The own price elasticity of demand measures the responsiveness of quantity demanded to a change in price. In this case, since the own price elasticity of demand for good X is -0.5, which is less than 1 in absolute value, it indicates that the demand for good X is inelastic. When the price of good X increases by 10 percent, the quantity demanded will decrease by a smaller percentage. As a result, the decrease in quantity demanded will outweigh the increase in price, leading to a decrease in total expenditures on good X.
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List 3 responsibilities that a consumer has when making a purchase.
Answer:
check receipt, know the return policy, read the fine print
Explanation:
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_______are made of pooled money of shareholders in a company invested
by a fund manager
Mutual Funds
Savings Bonds
Certificates of Deposit
certificates of deposit
define ecommerce in business with example
Answer:
See below
Explanation:
eCommerce refers to business transactions conducted via internment. eCommerce is the short form of electronic commerce. It is the selling and buying of products and services through the internet platform. eCommerce includes other commercial transactions conducted online such as online/internet banking, online money transfers, online auctions, ticketing, and payments.
An example of eCommerce is the online retail stores where shoppers pick and select merchandise on the retail store's website and pay online. The retail store then organizes for the items to be delivered to the customer's premises.
Influence of oppurtunity cost on decision makers(economic agents).i dont understand this topic can somebody help me? Thank you
Hi. An explanation of your question is typed below. Take your time to read and understand it. I will make it as simple as possible.
Explanation:
Opportunity cost can be defined as the cost of an alternative forgone when choice is made. This can be simply defined as the cost of something that is left undone as when a choice is made between 2 things to do.
An example is having to choose between going for a vacation or buy a PS5. When yo decide to go for the vacation, the opportunity cost is the PS5. That means you would rather go on a vacation that get a PS5. This can be due to a number of reasons but more often than not, money is usually the factor for making decisions.
That is the money you have at hand decides what you do with it. If you feel you vacation will not be as expensive as getting a PS5, this makes getting the PS5 delayed till the vacation is out of the way.
Other determinants of decision making thta transcends/goes beyond money includes; energy loss, time loss, etc.
These factors alongside money help to determine the opportunity cost.
I trust that you have an idea now about opportunity cost and how decision makers affects it. Cheers.
Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
When writing a check...
Spell out the dollars and cents in the short box next to the $ symbol
Spell out the dollars and cents on the long line that ends in "Dollars"
Never sign the check
Sign on the line that says "Pay to the order of"
Always print your signature
The retail part of the foreign exchange market does not include traders at banks trading with:
The retail part of the foreign exchange (forex) market refers to the segment where individual traders and small investors participate in currency trading.
It primarily involves transactions conducted by individuals, small businesses, or retail brokers who trade currencies for speculative or hedging purposes.
In this context, the retail market does not include traders at banks trading with institutional clients or other banks. These traders, known as interbank traders, operate in the wholesale market, which handles larger transactions and serves the needs of financial institutions, multinational corporations, and large investors.
The retail forex market is characterized by relatively smaller transaction sizes, higher leverage, and access provided by retail brokers who offer trading platforms to individual traders. Retail traders can engage in currency trading through various channels, such as online platforms, brokerages, and electronic communication networks (ECNs).
Retail forex trading has grown significantly over the years, facilitated by technological advancements and increased accessibility. It allows individual traders to participate in the forex market and potentially benefit from fluctuations in currency exchange rates. However, it's important to note that retail forex trading carries its own risks, and traders should exercise caution and proper risk management.
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Initial conditions: The furniture manufacturing company produces two types of furniture series - "London" and "Paris". The production process takes place in carpentry, varnishing and packaging workshops. In the carpentry workshop "London" is prepared for 4 hours, but the "Paris" is processed for 3 hours, in the varnishing workshop "London" is processed for one and a half hours, but the "Paris" is processed for 3 hours, and at the packaging workshop one "London" is packed in 20 minutes, "Paris" is packed in 40 minutes. 480 hours are available in carpentry, 300 hours in a varnishing workshop and 100 hours in a packing workshop. The company can make a profit of € 45 for one "London" and € 43 for one "Paris". According to the information provided, create a linear programming model, perform calculations in LINDO (without sensitivity analysis - solving the "NO" option) and answer the question. Note: If You use hours in the model: 20 min= 0.333333 hours. Alternative: use minutes in the model. Question: (Change the original model and calculate): How much will the company's profit be if the profit from the "Paris" is € 75 (optimal plan)? You must enter an integer ((integer) 0, 1, 2, 3 ..), if the answer is 5, then: 5 Format: x
The company's profit will be € 4,860 if the profit from the "Paris" is € 75 in the optimal plan.
To create a linear programming model, we need to define the decision variables, objective function, and constraints based on the given information.
Let's denote:
x = the number of "London" furniture produced
y = the number of "Paris" furniture produced
The objective is to maximize the profit, so the objective function becomes:
Maximize: 45x + 43y
Subject to the following constraints:
Carpentry workshop constraint: 4x + 3y ≤ 480 (in hours)
Varnishing workshop constraint: 1.5x + 3y ≤ 300 (in hours)
Packaging workshop constraint: 0.3333x + 0.6667y ≤ 100 (in hours)
Non-negativity constraints:
x ≥ 0
y ≥ 0
By solving this linear programming problem using LINDO or any other optimization software, the optimal solution will provide the values of x and y that maximize the objective function. In this case, the optimal profit will be € 4,860 if the profit from the "Paris" is € 75.
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HELP PLEASE If in response to an increase in investment of $5 billion, equilibrium output rises by a total of $20 billion, then the marginal propensity to consume is
A) .8
B) .75
C) .7
D) .6
E) .85
Answer:
Pretty sure its B
Explanation:
lets say you have 20 take away 75% of 20 and your left with 5. every 5 Billion is 25%
Answer:
0.75 took the test
Explanation:
Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.
Answer:
How many goldfish did Calvin buy?
(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfishCalculate the number of fish in 1 bowl and in the bag together.
(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfishDivide that number by the number of bowls.
9 goldfish / 2 bowls = 4.5 goldfishCalculate how many goldfish are in 2 fish bowls.
2 bowls x 6 goldfish = 12 goldfishAdd that number to the number of fish in the bag.
12 goldfish + 3 goldfish = 15 goldfishCalculate how many more goldfish are in a bowl than the bag.
6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bagMultiply that number by the number of bowls.
3 goldfish x 2 = 6 goldfishCalculate how many fish bowls there are.
2 fish bowlsAdd that number to the number of fish in the bag.
2 + 3 = 5all of the following helps explain why perfectly competitive firms are price takers except question 4 options: it is easy to enter the industry. buyers have complete information about the product. they sell standardized products. they sell differentiated products.
All of the given options help explain why perfectly competitive firms are price takers except for the option "they sell differentiated products".
It is easy to enter the industry: In perfectly competitive markets, there are no barriers to entry, allowing new firms to enter and exit the market freely. This ensures that there are many sellers, making it difficult for any individual firm to influence the market price.
Buyers have complete information about the product: In perfect competition, buyers have perfect knowledge of the market, including the prices and qualities of the products. This transparency prevents any firm from charging a higher price than others.
They sell standardized products: Perfectly competitive firms sell identical or homogeneous products, meaning there is no differentiation between the products offered by different firms. This further ensures that firms cannot influence the market price.
However, the option "they sell differentiated products" does not apply to perfectly competitive firms. Differentiated products refer to goods or services that have unique characteristics or features, allowing firms to have some control over the pricing of their products. In perfect competition, all products are standardized, eliminating any room for product differentiation and price-setting power.
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after relocation and compaction, both the free list and the busy list are updated. True or false ?
True, after relocation and compaction processes in memory management, both the free list and the busy list are updated. Relocation adjusts the memory addresses of processes, while compaction consolidates free memory space.
As a result, the free list, which keeps track of available memory spaces, and the busy list, which monitors occupied memory spaces, need to be updated to accurately reflect the current memory allocation. After relocation and compaction, both the free list and the busy list are updated to reflect the changes made in the memory allocation. The free list is a list of memory blocks that are currently unused or available for use, while the busy list is a list of memory blocks that are currently in use by the system or an application. By updating both the free and busy lists after relocation and compaction, the system ensures that it has an accurate view of the available memory space. This allows the system to efficiently allocate and deallocate memory as needed, without the risk of overwriting data or running out of memory. In summary, after relocation and compaction, both the free list and the busy list are updated to reflect the changes made in the memory allocation. This helps the system optimize memory usage and improve performance.
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When inserting a picture in a MS Word document, changing the height of the image,
and the layout to tight, what are two steps that you should do? (Select Two Answers)
In Picture Format, Click in the height box to edit
Deselect the image
In Picture Format, Click Wrap text
Close the file
Answer:
The two steps you should do when inserting a picture in a MS Word document, changing the height of the image, and the layout to tight are:
In Picture Format, click in the height box to edit: This will allow you to adjust the height of the image to the desired size while maintaining its aspect ratio. You can either type in the desired height or use the up/down arrow buttons to adjust it.
In Picture Format, click Wrap text: This will allow you to wrap the text around the image so that it is positioned tightly with the surrounding text. From the "Wrap Text" options, select "Tight" to apply the layout.
You do not need to deselect the image or close the file to perform these steps.
Which of the following is not a characteristic of a market?a. similar characteristics b. ability c. people or organizations d. willingness to buy
The correct answer is b. ability. This is not a characteristic of a market. A market is characterized by similar characteristics, people or organizations, and willingness to buy.
The ability of an individual or organization is not a factor in the functioning of a market. Therefore, option b is the correct answer.Ability is not a characteristic of a market.
A market is a group of individuals or organizations who have similar characteristics, such as needs, wants, and purchasing power, and who are willing and able to engage in the exchange of goods and services.
The other three characteristics listed - similar characteristics, people or organizations, and willingness to buy - are all essential characteristics of a market. The characteristic of similar characteristics means that members of a market have common needs or preferences that drive their behavior. The characteristic of people or organizations refers to the fact that markets are composed of individuals or groups that engage in exchange. The characteristic of willingness to buy means that members of a market are actively seeking to purchase goods or services.
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If a business has no answer to fight back against its competition, then the _____ risk has been encountered.
1. financial
2. strategic
3. compliance
4. operational
Question 210.5 pts
The main output of the performing phase is:
Group of answer choices
Accepted deliverables
Quality plan
Project charter
Baseline plan
Flag question: Question 22
Question 220.5 pts
In the proposal the contractor must convince the customer that:
Group of answer choices
He will achieve the intended results with the highest benefits
He will find the best subcontractor to achieve the work
His project is the cheapest
He will finish the project before schedule
Flag question: Question 23
Question 230.5 pts
Scorecards are used:
Group of answer choices
As part of the planning phase
When reviewing contractor proposals
When deciding whether to bid or not
While developing the project charter
Flag question: Question 24
Question 240.5 pts
"Design the basement" is an example of:
Group of answer choices
A deliverable
An activity
A work item
A work package
Flag question: Question 25
Question 250.5 pts
Ultimately, the responsibility of the project manager is to :
Group of answer choices
Make sure the customer is satisfied
Deliver the project before time
Have a positive environment for work
Negotiate the best price for the client
In the performing phase, the main output is the accepted deliverables. These are the final products, services, or results that have been approved by the stakeholders.
They represent the completed work of the project and meet the required specifications. Accepted deliverables can include tangible items, such as reports or prototypes, as well as intangible items, such as software functionality. These deliverables are important because they demonstrate that the project objectives have been achieved and provide evidence of the project's success.
The performing phase is where the project team actually executes the work and produces the deliverables. It involves coordinating and managing resources, monitoring progress, and ensuring quality. Ultimately, the accepted deliverables are the tangible results of the project and are a key milestone in the project's lifecycle.
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What can a boosted post help an advertiser achieve?
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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A very large company would be most likely to have a(n)
Blank its accounting department.
at the head of
Answer:
manager or head of accounting that makes the most sense to me
Explanation:
The master budget of Carpenter Company shows that the planned activity level for next year is expected to be 100,000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $480,000 Machine supplies 120,000 Indirect materials 140,000 Depreciation on factory building 100,000 Total manufacturing overhead $840,000 A flexible budget for a level of activity of 120,000 machine hours would show total manufacturing overhead costs of:
Answer:
Total overhead cost= $988,000
Explanation:
Giving the following information:
Activity level= 100,000 machine hours
Indirect labor $480,000
Machine supplies 120,000
Indirect materials 140,000
Depreciation on factory building 100,000
First, we need to calculate the unitary overhead costs per machine-hours. Depreciation is a fixed cost.
Indirect labor= 480,000/100,000= $4.8
Machine supplies= 120,000/100,000= $1.2
Indirect materials= 140,000/100,000= $1.4
Now, we can determine the total overhead cost for 120,000 machine hours.
Indirect labor= 4.8*120,000= 576,000
Machine supplies= 1.2*120,000= 144,000
Indirect materials= 1.4*120,000= 168,000
Depreciation= 100,000
Total overhead cost= $988,000
Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?
Answer:
Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."
P0 = dividend payout per share/ (k-g)
Where g is firms earning growth = 5% or 0.05
And k is the cost of capital = 13% or 0.13
Therefore P0 = $4 / (0.13 -0.05) = $50
But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get
$50 = $2 + X / (1.13)
Therefore x = $54.5
At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year
Therefore the growth is (54.5 -50)/50 = 9%
Which two security regulations does the pci enforce with regard to electronic banking?
Choices
A. Banks must maintain a secure network
B. Banks must allow customers to chose the level of security they want
C. Banks must compensate customers for money lost due to stolen cards
D. Banks must have information security policy
Answer:
A. Banks must maintain a secure network D. Banks must have information security policyExplanation:
The Payment Card Industry Data Security Standards (PCI DSS) are there to make sure that companies dealing with payment cards for customers protect these customers by having a secure payment environment to prevent customer money being at risk.
First and foremost the companies should have a secure network for processing card payments and data which means no expense should be spared in maintaining this. Companies must also have an information security policy that employees must follow when dealing with customer information.
One of the following statements contains three (3) components of a typical Supply Chain Management process a. Order Processing, Customer and Cost O b. Retail location, Transportation and Customer O c. Customer, Supplier and Manufacturing O d. Raw Material, Inventory and Distribution
Out of the given options, the statement containing three (3) components of a typical Supply Chain Management process is: "Customer, Supplier and Manufacturing."Supply chain management (SCM) involves all the activities that go into the production and delivery of products to customers.
It encompasses all stages of product creation, including design, procurement of raw materials, manufacturing, transportation, and distribution to retailers or end-users.Supply chain management's primary objective is to ensure that products are created and delivered to customers at the right time, at the right place, and at the lowest possible cost. To achieve this, SCM typically involves three critical components: customers, suppliers, and manufacturing.First, the customer component refers to the company's efforts to understand customer needs, preferences, and behaviors. It involves developing marketing strategies that target specific customers, collecting customer feedback, and using this information to improve product quality, delivery times, and customer satisfaction.Second, the supplier component involves working with suppliers to procure raw materials, components, and other inputs required for product manufacturing. It also involves managing supplier relationships to ensure that suppliers provide high-quality inputs at competitive prices and meet delivery deadlines.Third, the manufacturing component involves managing the manufacturing process to produce high-quality products at low costs. It involves managing production schedules, ensuring quality control, and implementing continuous improvement programs to optimize the production process.In conclusion, the three critical components of SCM are customers, suppliers, and manufacturing.
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Read the Case Study of an Achievement-oriented corporations in Western countries. (Chapter 8 page 138-139) and then answer the questions at the end of the case.
Please be sure to back up your answer to the case with facts from the textbook.
Achievement-oriented corporations in Western countries often send young, promising managers on challenging assignments to far away countries without realizing that the local culture will not accept their youthfulness and/or gender however they will achieve.
A young (aged 34), talented, female marketing manager had worked for an American company in both the US and Britain. She was so successful in her second year there that she was named the most promising female manager in Britain. This vote of confidence influenced her decision to accept an offer to transfer as director of marketing to her company’s operation in Ankara, Turkey. She know she had always been able to win the support and trust of her subordinates and colleagues.
The first few weeks in Ankara were as usual in a new job, getting to know the local business, the staff, and how to get things done. Luckily, she know one of the marketing managers, Guz Akil, who had been her marketing assistant in London. They had worked well together.
Working as hard as she could over the first few months, she found her authority gradually slipping away. The most experienced Turk, Hasan (aged 63), informally but consciously took over more and more of her authority, getting things done where her own efforts were frustrated, although his marketing knowledge was only a fraction of her own. She had to watch him exercise influence, which most often led to unsatisfactory results. Through Guz she learned that the head office complied with this arrangement, communicating more and more through Hasan, not her. She also heard that 10 years earlier an American male manager the same age she was had been withdrawn because of his inability to command local managers effectively. He was now working with much success for a competitor back in the US.
Question:1) Do you think that this is a case of discrimination based on gender and age or it is just the way in which ascribed-oriented countries conduct business? Explain
2) A better tactic could have been to make a young female an assistant or adviser to a "local" manager. She would make up for deficits in knowledge they have, while using local seniority to get things done. What do you think about this approach? Would it work? Why, why not?
(1) The case given in Chapter 8, page 138-139 is a perfect example of discrimination based on gender and age in Western countries and
2) The approach could have worked well as it would have made up for deficits in knowledge they have, while using local seniority to get things done.
1) The case given in Chapter 8, page 138-139 is a perfect example of discrimination based on gender and age in Western countries. A talented and successful young female marketing manager, who had worked for an American company in both the US and Britain, was transferred as the director of marketing to her company’s operation in Ankara, Turkey.
However, after the first few months, she found her authority gradually slipping away because the most experienced Turk, Hasan (aged 63), informally but consciously took over more and more of her authority. Even though his marketing knowledge was only a fraction of her own, he was given preference over her.
The American company’s head office also complied with this arrangement, communicating more and more through Hasan, not her. Therefore, it is evident that the case is an example of discrimination based on gender and age in Western countries.
2) A better tactic would have been to make a young female an assistant or adviser to a "local" manager. The approach could have worked well as it would have made up for deficits in knowledge they have, while using local seniority to get things done.
It is important to note that in any new country, the local employees are more familiar with the local environment and know the best way to get things done. By making a young female an assistant or adviser to a "local" manager, the company could have bridged the gap between the local knowledge and the international expertise.
This approach would have given the young female marketing manager more authority and allowed her to utilize her expertise to contribute to the company's growth.
Furthermore, this approach would have made it easier for the young female marketing manager to understand the local culture and business practices, which would have helped her achieve her goals while getting the required support from local subordinates and colleagues.
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31. starting the next task before the first task is complete is a. lead b. lag c. negative lead d. slack e. float
Lead refers to starting the next task before the first task is completed.
What does a project task entail?An activity or work item with a specified purpose connected to the overall objective is referred to as a task in project management. It's an essential phase in the process of finishing the project.
How may a project be divided up into smaller tasks?Task management is used in even long-term Scrum projects, which last 11.6 weeks on average, to complete their work quickly and effectively. The creation of manageable workloads, taking into account job interdependence, and, of course, team communication to prevent duplication of effort or stumbling blocks are all components of task management. The high-level project objectives and goals must be broken down into manageable tasks in some way to prevent these problems.
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Life insurance A 32 -year-old woman purchases a $200.000 term life insurance policy for an aninual payment of $510. Based on a period life tabie for the U.S. govemment, the probability that she will survive the year is 0.990056. Find the expected value of the policy for the insurance compary. Round to two decimal places for currency problems. The expected value of the policy for the insurance company is 1
To find the expected value of the policy for the insurance company, we need to calculate the product of the death benefit and the probability of survival. The expected value is the sum of these products.the expected value of the policy for the insurance company is approximately $198,011.20.
Death benefit: $200,000
Probability of survival: 0.990056
Expected value = Death benefit * Probability of survival
Expected value = $200,000 * 0.990056
Expected value ≈ $198,011.20
Therefore, the expected value of the policy for the insurance company is approximately $198,011.20.
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Before buying a business, a person should engage an accountant to examine the books and do some intensive investigation
Yes, it is highly recommended for anyone who is considering buying a business to engage the services of an experienced accountant.
This is because they can conduct a thorough examination of the company's financial records and perform some intensive investigation to ensure that everything is in order. Some of the key areas that an accountant may look into include the company's cash flow, revenue streams, expenses, liabilities, and assets. By doing so, they can help the prospective buyer make an informed decision about whether or not the business is a sound investment opportunity. Additionally, an accountant can also assist with identifying potential risks and opportunities, and help negotiate favorable terms for the purchase agreement. Ultimately, having an accountant on board can provide valuable peace of mind and help ensure that the transaction is as smooth and successful as possible.
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the highlighted structure contributes to which autonomic function? inferior view of the brain. the highlighted structure is the most inferior bunch of yellow colored tissue arising between an oblong structure situated in the middle of the brain and a large structure, each half of which embraces the roundish structure.the highlighted structure contributes to which autonomic function? stimulation of secretions of the submandibular and sublingual salivary glands
Stimulation of secretions of the submandibular and sublingual salivary glands.
What triggers the secretion of salivary glands?The parasympathetic nerves and neuropeptides like substance P play a major role in the mechanism of salivary gland secretion, which also includes adrenergic signaling by sympathetic nerves. A mixed serous and mucous discharge is produced by submaxillary (mandibular) glands. The saliva that sublingual glands produce has a mucous composition in the majority of cases.
How can you increase salivation?Increase your fluid intake by regularly sipping on cold water or an unsweetened beverage. Chew sugar-free gum or suck on sugar-free candies to encourage saliva production in your mouth. Sucking on an ice cube will wet your mouth as it slowly melts.
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are especially useful for relationship marketing.
O Apps
O Podcasts
O Social networking sites
O Media networks
O Wikis
Here the correct answer to this question is Social networking sites and these are especially useful for relationship marketing.
What is intended by using relationship marketing?Relationship Marketing is a method of Customer Relationship Management (CRM) that emphasizes consumer retention, satisfaction, and lifetime consumer value. Its motive is to market to contemporary customers versus new purchaser acquisition via sales and advertising.
Relationship advertising refers to the a range of strategies and procedures of constructing long-term relationships with customers. Examples of relationship advertising and marketing consist of providing associated goods, sending out purchaser delight surveys, and presenting offerings associated to the product.
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https://brainly.com/question/14545494#SPJ4what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position? how does the corporate office create a parental advantage, which is difficult to duplicate by its more focused competitors? what are synergies and economies of scope and how do they work at disney to lower its overall costs? given the diversification approach that disney uses, what are some things that they can do to deal further with the trend toward cord-cutting and competition from large streaming and content producers such at netflix, amazon, and other content producers?
The Walt Disney Company has developed a strategy that pursues diversified business operations in an effort to maintain its competitive edge.
What is corporate diversification strategy ?
When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification. Instead, if you enter a new market, corporate-level diversification takes place.
One of the four growth techniques popularized by Igor Ansoff is diversification. One of these growth strategies is more likely to be a fit for your business than the others, depending on the sector, size, and goals of your organization.
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