The free-rider problem arises when the results acquired through the efforts of a group benefit others who did not contribute to the efforts to obtain those benefits.
A free rider enjoys a benefit without contributing to the expense of its creation. The incentive each agent has not to pay for the good puts the efficient production of significant collective goods by free agents in jeopardy: if the supply of the good is insufficient, one's own action of paying will not make it adequate; if the supply is sufficient, one can receive it without paying.
This is an effective application of the theory of collective action. It is so significant that we pass laws to control people's behavior to make them less polluting.
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The free-rider problem arises when the results acquired through the efforts of a group benefit others who did not contribute to the efforts to obtain those benefits.
A free rider enjoys a benefit without contributing to the expense of its creation. The incentive each agent has not to pay for the good puts the efficient production of significant collective goods by free agents in jeopardy: if the supply of the good is insufficient, one's own action of paying will not make it adequate; if the supply is sufficient, one can receive it without paying. This is an effective application of the theory of collective action. It is so significant that we pass laws to control people's behavior to make them less polluting.
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A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
Care should be taken with running engine in the automotive workplace. Why?
Health and safety are crucial in the automotive industry. Every business must adhere to health and safety regulations, but the automotive sector is particularly important because employees are frequently in danger.
Thus, The Health and Safety Executive may take legal action and impose severe fines if the regulatory standards for health and safety are not met. Additionally, if one of your staff members was hurt, they might sue you in court.
Even while safety is essential to every aspect of the automotive industry's operations, some businesses see it as a costly expense.
When doing manual handling tasks, which demand employees to bend, reach, stretch, lift, and pull large objects while being in confined spaces, some of the most frequent risks in the automobile sector occur.
Thus, Health and safety are crucial in the automotive industry. Every business must adhere to health and safety regulations, but the automotive sector is particularly important because employees are frequently in danger.
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Which type of power steering system uses a belt to transfer mechanical
energy from the engine to the power steering pump?
A) HPAS
B) EPAS
C) Both A and B
D) Neither A nor B
The type of power steering system that uses a belt to transfer mechanical energy from the engine to the power steering pump is the A) HPAS.
What is Hydraulic Power Steering?Hydraulic Power Steering can be described as the engine-driven accessory drive which is been turned on by the activities of the engine and help to turns on the pump .
It should be noted that there is directs high-pressure power steering fluid with the control valve, however among the given options, the Hydraulic Power Steering do utilize the effect of the mechanical energy from the engine and the output of it.
Therefore, option A is correct.
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HPAS power steering system uses a belt to transfer mechanical energy from the engine to the power steering pump. Thus, option A is correct.
What is power steering?Power steering shows the change in vehicle power. It is concerned with the vehicles that are present at the front. This helps in easily changing the direction of the vehicle.
The hydraulic power steering system minimizes the work needed to spin an automobile wheel by adding a particular degree of force toward the impact load. This helps in easy control and navigation of the vehicle.
Therefore, option A is the correct option.
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if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost. group startstrue or false
This is true. if damaged, obsolete (out-of-date), or deteriorated goods can be sold, they will be included in inventory at their original cost.
What is an obsolete good?This is the term that is used to refer to the good that is already at the inventory which is known to be at the end of its life cycle. That is the good has not been used for a very long time and it has not been sold either. It may not even be sold in the future.
For a good that is of this nature, it would have to be included at the original cost that it had in the inventory when it was bought at the time.
Hence the answer is true.
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This is true. If broken (or damaged), old, or worn-out goods can still be sold, they will be added to the inventory at their original cost.
What is the term "obsolete good?"This is the term used to describe a product that is already in the inventory but has reached the end of its life cycle. In other words, the item has not been used or sold for an extended period of time. It may not be sold at all in the future.
For a product of this sort, it must be included in the inventory at the original cost it had at the time it was purchased.
Thus, the response is true.
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Ralston purina is a leader in bringing new consumer goods to market and always is looking for new markets, which indicates that ralston purina?.
The strategy of continuously seeking new customers and/or new markets indicates that Ralston Purina is likely to have a flat and decentralized organization design.
Decentralization in business occurs when top management delegate daily operations and decision-making power to middle- and lower-level managers — and sometimes even team members.
A flat – or horizontal – organization is one that has decentralized leadership, few or no levels of management, information transparency, and employees who are empowered to make decisions. Many business leaders like the idea of a flat organization.
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ou are about to meet with mary to discuss her ideas about why the extruder machine keeps breaking. decision-making b. you are trying to decide whether or not to expand your manufacturing facility, but it is impossible to know whether or not the increased demand for your products will be permanent. condition of risk c. if you invest more in marketing your new product line it may increase sales, but it is not guaranteed to do so. condition of uncertainty d. you need to decide which job candidate to hire as y
The match situation with each term are a. You will meet with Mary to discuss her ideas about why the extruder keeps breaking down is problem solving . b. You are trying to decide whether or not to expand your manufacturing facility, but it is impossible to know whether the increased demand for your product will be permanent or not is a condition of uncertainty. c. if you invest more in marketing your new product line it can increase sales, but it is not guaranteed. is condition of risk d. You need to decide which job candidate to hire as your new account representative is decision making.
Problem solving is a process that has been planned, then implemented in order to obtain a certain solution to a problem. You already have an idea why the extruder machine keeps breaking down and you want to discuss your ideas with Mary so that the problem is solved.
Condition of uncertainty is a condition where we just don't know the result that we expect in the future because we don't know the probability of an event that we expect. Your hesitation to expand your manufacturing facility or not is a condition of uncertainty, because you do not know whether the increased demand for your product is permanent or not.
Condition of risk is a condition that allows an event to occur that has an impact on the achievement of organizational goals, both negative and positive. Investment is a risky thing because it may or may not pay off, because investing more in marketing your new product line does not necessarily guarantee an increase in sales.
Decision making is a process that produces a number of actions or beliefs from several possibilities. Having you decide which job candidate to hire will result in a new worker through the decisions you make.
The above terms describe situations that match the appropriate circumstances
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At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $ 1,905,000
Credit sales $ 5,682,000
In addition, its unadjusted trial balance includes the following items.
Accounts receivable $ 1,270,100 debit
Allowance for doubtful accounts $ 16,580 debit
Required:
1. Prepare the adjusting entry to record bad debts under each separate assumption.
Bad debts are estimated to be 1.5% of credit sales.
Bad debts are estimated to be 1% of total sales.
An aging analysis estimates that 5% of year-end accounts receivable are uncollectible.
At December 31, Hawke Company reports the following results for its calendar year.
Cash sales $ 1,905,000
Credit sales $ 5,682,000
Bad debt is a term used in accounting to refer to a receivable that is unlikely to be collected. It is a financial loss that occurs when a customer or client is unable to pay the amount they owe to a company.
What is trial balance?A trial balance is a financial statement listing the balances of all the accounts in a company's general ledger at a specific point in time. It is used to ensure that the total of all debit balances equals the total of all credit balances in the general ledger. The trial balance is typically prepared at the end of an accounting period, such as a month or a year, and is used as a preliminary step in the preparation of financial statements. The trial balance lists all the accounts in the general ledger and their respective balances, with debit balances on the left side of the statement and credit balances on the right side. If the trial balance is balanced, it means that there are no errors in the account balances and the double-entry accounting system is in balance. If the trial balance is not balanced, it means that there is an error in the accounts that needs to be corrected.
According to question:-
1. Bad debts are estimated to be 1.5% of credit sales:
Debit: Allowance for doubtful accounts, 84,730 (5,682,000 x 0.015)
Credit: Bad debts expense, 84,730
2. Bad debts are estimated to be 1% of total sales:
Debit: Allowance for doubtful accounts, 48,490 (1,905,000 + 5,682,000 x 0.01)
Credit: Bad debts expense, 48,490
3. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible:
Debit: Allowance for doubtful accounts, 63,505 (1,270,100 x 0.05)
Credit: Accounts receivable, 63,505
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Ralph is leasing a $32,000 car for 36 months. The terms of his lease include an 8. 5% interest rate (money factor of 0. 00354) and a residual value of 72%. Determine Ralpha's approximate monthly lease payment. A. $145. 00 b. $230. 40 c. $248. 89 d. $443. 73.
Based on the information given Ralpha's approximate monthly lease payment is d. $443. 73.
Residual value=$32,000×72%
Residual value=$23,040
Depreciation=$32,000-$23,040
Depreciation=$8,960
Base monthly lease payment=$8,960/36
Base monthly lease payment=$248.89
Interest per month=($32,000+$23,040)×0.00354
Interest per month=$55,040×0.00354
Interest per month=$194.84
Monthly lease payment=$248.89+$194.84
Monthly lease payment=$443.73
Inconclusion Ralpha's approximate monthly lease payment is d. $443. 73.
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SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
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'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
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The association stradegy is used to_________information
Answer:
The association strategy is used to help memorized information.
Explanation:
A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.
A good measure of an investor's risk exposure if she only holds a single asset in her portfolio is:
a. the expected value of the asset's returns
b. the standard deviation of possible returns on the asset
c.the correlation coefficient with the market portfolio
c. the normal probability distribution
A good measure of an investor's risk exposure if she only holds a single asset in her portfolio is the standard deviation of possible returns on the asset. The correct answer is B.
Standard deviation is a statistical measure of the amount of variation or dispersion in a set of data. In the context of investing, it is often used as a measure of risk.
A higher standard deviation indicates a greater degree of variability or uncertainty in the possible returns of an asset, which suggests higher risk.
Therefore, the standard deviation of possible returns on the single asset in the investor's portfolio would provide a good measure of her risk exposure.
The expected value of the asset's returns (option a) represents the average return, but it does not capture the variability or risk.
The correlation coefficient with the market portfolio (option c) is not relevant in the context of a single asset portfolio.
The normal probability distribution (option d) is a statistical concept, but it is not directly related to measuring risk exposure in a single asset portfolio.
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Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate
Answer:
people simply quit looking for jobs.
Explanation:
In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.
Compares after-tax income to the money people spend on a variety of items.
a. interest rate
b. savings rate
Answer:
B. Savings rate
Explanation:
The savings rate compares after-tax income to the money people spend on a variety of items. The persistent rise in the cost of goods and services is inflation.
What is the relationship that exists between marketing and business and the economy? Explore and explain these relationships. Be sure to examine the role that a SWOT analysis plays, including the strengths, weaknesses, etc. of a SWOT analysis.
Economics is the study of the satisfaction of wants through the use of scarce resources. Economics defines the processes and resultants of this want-satisfaction in a scientific manner. The relationship between the two disciplines is found in the fact that marketing exists because resources are scarce.
The economy has a direct impact on the way marketers projects their products to consumers. Comprehending the relationship between marketing and economics assists business owners cede their marketing resources and respond to changes in the economic climate.
What are the roles of SWOT analysis on economics and marketting?A SWOT analysis assists in weighing where an organisation stands in a competitive market and what steps need to be taken for further strategic planning, helping decision-makers draw a future roadmap for the company.
A SWOT analysis plan is beneficial. It compels everyone to really define the internal and external attributes the organization must confront. Success implies the company will capture its opportunities while eliminating its threats.
Therefore, the correct answer is as given above
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What is the effect on the accounting equation if a company does not write off specific, non-paying customers' accounts receivable?
There is no effect on the accounting equation if a company does not write off specific, non-paying customers' accounts receivable.
Accounts Receivable (AR): What Is It?The amount of money owed to a business for delivered or used but unpaid goods or services is known as accounts receivable (AR). The balance sheet classifies accounts receivable as a current asset. Any money owing by clients for purchases is done using credit known as AR.
What Distinguishes Receivables From Accounts Payable?
Receivables are assets that the company records as money owed to it for services delivered. On the other hand, accounts payable indicate money that the company owes to other parties. For instance, payments owed to creditors or suppliers. Liabilities are recorded for payables.
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A single-price monopoly is producing at an output level where marginal revenue is $15, marginal cost is $13, and price is $20. This monopoly is?
The monopoly is maximizing its profit but still should decrease output to earn even more profit. A market structure characterized by a single seller selling a market-exclusive product. The seller has no competition in a monopoly market because he is the sole seller of goods with no close substitute.
The Monopoly occurs when one market is the sole provider of phone service in a given area. A cat is the only pet that can be aloof, which is an example of monopoly. A monopoly is a phone company that is the only provider of phone service in a given area.
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Classifying assets liabilities and owners equity
1. Cash
2. Alice Jones, Capital
3. Prepaid insurance
4. Steward supply company (a creditor)
5. Supplies
6. Any amount owed
7. Owners capitol account
8. Anything owned
steps on how to create your own app
Explanation:
● Steps on how to create your own app
First you have to know coding and programing...
Work dissatisfaction could result in O a. Seek illegal ways to increase compensation O b. Exiting company Oc reduce work capacity O d. All answers are correct Oe. Work harder
The correct answer is option (d) - all answers are correct. Work dissatisfaction can manifest in various ways, including seeking illegal compensation, exiting the company, or reducing work capacity.
When employees are dissatisfied with their work, they may explore different responses. Some individuals may resort to seeking illegal ways to increase their compensation, such as engaging in fraudulent activities or theft. This unethical behavior is driven by a desire for financial gain and can have serious consequences for both the employee and the company.
Another possible outcome of work dissatisfaction is employees choosing to exit the company. When individuals are unhappy with their work environment or job conditions, they may decide to leave in search of better opportunities elsewhere. High turnover rates can negatively impact the organization's productivity, morale, and overall performance.
Additionally, work dissatisfaction can lead to a reduction in work capacity. When employees are dissatisfied, they may experience decreased motivation, engagement, and productivity. This can result in lower quality work, missed deadlines, and a general decline in job performance.
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The managers at Alpha Corp. are closely observing trends in the industry. They are trying to identify factors that might have a significant influence on Alpha's business operations. Which of the following concepts is illustrated in the scenario?
Answer:
Environmental scanning
Explanation:
Environmental scanning is when information is being gathered about external forces inorder to know the factors that have impacts on a business. It is also the gathering of information on situations which allows a business create and build good customer relationship.
Business environments are dynamic and could have impacts on the success of a firm hence requires business scanning inorder to align with the trend. One the purpose of environmental scanning is to provide future business directions to an organization and also assist in analyzing the strength, weakness, opportunities and threats to an organization.
Factors that might have significant influence on business operation includes but not limited to social and demographic factors, how competitors are reacting, technology, how well customers are reacting to the company's products, creditors, legal issues etc.
Match each example of a study to the type of method used. researchers develop a survey and ask the same questions to 40,000 randomly selected people. researchers interview or survey the same 1,000 families every 5 years over a 40-year period. researchers conduct long interviews with open-ended questions with 40 couples. researchers observed 15 families in their homes over a period of 1 year. researchers survey family members on how many hours per week they spend doing various tasks or ask them to keep a diary of what they do every 30 minutes over an entire day over a period of a week.
Answer:
1. Researchers develop a survey and ask the same questions to 40,000 randomly selected people. - Sample Survey
Sample surveys involve using a subset of the population that is randomly selected as the basis for the research.
2. Researchers interview or survey the same 1,000 families every 5 years over a 40-year period. - Longitudinal survey
In a Longitudinal survey, participants are observed and studied at regular intervals over a period of time which can either be long or short term.
3. Researchers conduct long interviews with open-ended questions with 40 couples. - In-depth Interviews
In-depth interviews aim to find out as much on a topic as possible and as such can take some time to complete. Questions are usually open ended so subjects can express themselves fully.
4. Researchers observed 15 families in their homes over a period of 1 year. - Observation
Observational study involves observing the subjects often in their natural settings.
5. Researchers survey family members on how many hours per week they spend doing various tasks or ask them to keep a diary of what they do every 30 minutes over an entire day over a period of a week. - Time use studies.
Time use studies are studies on the way people spend their time which is what the researchers here hope to find out.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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A perfect competition firm is producing a chemical fertilizer and is locating its factory nearby a river which is also a source of water for the nearby residents. The waste for the factory is polluting the river. An analyst has estimated the marginal benefit, private cost and damage associated to this situation. Those are given as: Faedah Marginal/Marginal Benefit (MB): P = 700 -0.2Q Kos Persendirian Marginal/ Marginal Private Cost (MPC): P = 400+ 0.6Q Kerosakan Marginal/Marginal Damage (MD): P = 0.7Q (a) Calculate the equilibrium output and quantity if the firm does not take into account the pollution. (b) Calculate the equilibrium quantity and price that are desirable by the society. (c) Explain the effect on society if the output is produced at question (b) above. (d) Calculate the effect on question (c) above. (e) Say the government is proposing either to use the Pigouxian tax or subsidy in order to internalize this negative externality. Give your reasoning which method is more appropriate and why it is so based on the amount of tax revenue and subsidy in this case. | (f) Sketch all your answers from question (a)-(e) above in one appropriate diagram.
The equilibrium output and quantity, if the firm does not consider pollution, can be determined by equating the marginal benefit (MB) and marginal private cost (MPC) functions.
a. The equilibrium output and quantity, if the firm does not consider pollution, occur at the point where the marginal benefit (MB) equals the marginal private cost (MPC). By equating the two equations, 700 - 0.2Q = 400 + 0.6Q, we can solve for the equilibrium quantity (Q) and then calculate the equilibrium output.
b. The equilibrium quantity and price desirable for society occur at the point where the marginal benefit (MB) equals the marginal damage (MD). By equating the two equations, 700 - 0.2Q = 0.7Q, we can solve for the equilibrium quantity (Q) and then calculate the equilibrium price using the marginal benefit equation.
c. If the output is produced at the equilibrium quantity and price desirable for society, there will be a negative effect on society due to pollution. The pollution from the factory's waste damages the river, affecting the residents who rely on it for water supply. It can also harm the environment, impacting biodiversity and ecosystem health.
d. The effect on society in question (c) above is the negative externality resulting from the pollution caused by the firm's production. The externality represents the costs and damages imposed on society that are not accounted for in the market price. In this case, the negative externality is the pollution's impact on the river and the residents relying on it.
e. A Pigouvian tax is more appropriate to internalize the negative externality. By imposing a tax on the firm's production, the cost of pollution is internalized, and the firm faces the true social cost of its activities. The tax amount should be based on the marginal damage (MD) function to reflect the pollution's impact accurately. The tax revenue generated can be used for environmental conservation efforts or compensating affected parties.
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A goal is defined as the result or success toward which effort is directed.
O True
O False
Answer:
true
Explanation:
fill in the blank. an investor with mean-variance preferences chooses to invest 70% of her wealth in a risky asset p with an expected rate of return of 15% and a standard deviation of 20%, and she puts 30% in a riskless treasury bill that pays 5%. let c denote this complete portfolio. the expected return of the portfolio c is ____ and the standard deviation of the portfolio is___
The expected return of the portfolio c is 12% and the standard deviation of the portfolio is 14%.
The expected return of the portfolio c is calculated as a weighted average of the expected returns of the risky asset and the riskless treasury bill. Therefore, the expected return of the portfolio c can be determined as follows:
Expected return of portfolio c = (Weight of risky asset * Expected return of risky asset) + (Weight of riskless asset * Expected return of riskless asset)
= (0.70 * 0.15) + (0.30 * 0.05)
= 0.105 + 0.015
= 0.12 or 12%
The standard deviation of the portfolio can be calculated using the formula for the variance of a portfolio. Since the riskless asset has a standard deviation of zero, the standard deviation of the portfolio is determined by the standard deviation of the risky asset:
Standard deviation of portfolio c = (Weight of risky asset * Standard deviation of risky asset)
= 0.70 * 0.20
= 0.14 or 14%
This approach of combining risky and riskless assets in a portfolio allows investors to achieve a desired trade-off between risk and return based on their risk preferences and investment objectives.
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Which of these is NOTa concern for consumers in times of inflation? a.They cannot anticipate the cost of goods and services. b.They lose money on their investments and savings. c.They are at a disadvantage when paying back borrowed money. d.They struggle when they are on a fixed income.
Answer:
c.They are at a disadvantage when paying back borrowed money.
Explanation:
In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.
Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.
What is the difference between features and benefits?
Answer:
The difference between features and benefits: A feature is a part of your product or service, while a benefit is the positive impact it has on your customer
Answer:
Explanation:
A feature is a part of your product or service, while a benefit is the positive impact it has on your customer.
When drawing a portrait, you want to make sure that the face you are drawing is _____________ (the right size).
Answer:
The right size
Explanation:
Discuss whether or not growth of an industry will increase the profit earned by the firms in the industry.
Answer: Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Explanation:
Industries have their various activities, competition, customers (both prospective and existing). A growth in industry would mean that there is a larger demand for what is been sold in that industry, and when the demand is high, their would be lack, which would create that gap and allow marketers or producers get more profit, based on the high demand now. Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
A marketing strategy that stimulates immediate consumer action is
Opublic relations.
O advertising.
O personal selling.
O sales promotion.
Answer:
D) Sales Promotion
Explanation:
Sales promotion involves any incentive used by manufacturers to encourage the sales force to actively sell a brand or distributors/consumers to buy a brand.