Grocery shops and convenience stores are classified as having a monopolistic competition market structure. The market structure where there are many sellers, but each of them sells differentiated products is known as monopolistic competition.
Firms can use non-price competition in this market, such as advertising and product differentiation, in order to create a perceived difference between their goods and their competitors. This differentiation leads to increased product pricing. The characteristics of monopolistic competition are Many buyers and sellers competing companies sell differentiated products. Limited control over product prices.
Firms have relative freedom of entry and exit from the market. Often there are few barriers to entry or exit, which encourages the entry of new firms into the market. Advertising and product differentiation are used by companies to attract consumers. Examples of Monopolistic Competition include Restaurants, clothing, jewelry, and grocery stores.
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When negative externalities are present, it means that: Group of answer choices individuals don't take into account all the costs associated with their market choice. production and consumption is above the socially optimal level. society bears part of the cost borne of private transactions. All of these statements are true.
When negative externalities are present, all of the statements mentioned are true.
Individuals don't take into account all the costs associated with their market choice, production, and consumption exceed the socially optimal level, and society bears part of the cost borne of private transactions.
Negative externalities occur when the actions of individuals or firms impose costs on others that are not taken into account in the market transaction. In such cases, individuals don't fully consider all the costs associated with their choices because they do not directly bear the negative consequences or costs imposed on others.
The presence of negative externalities leads to an overallocation of resources towards the production or consumption of the good or service, exceeding the socially optimal level. This means that the market equilibrium quantity is higher than what is considered socially desirable or efficient.
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i need help ASAP!!!! Generally, parties of 8 or more require many restaurants to include gratuity of 18% on the check before presenting to the guest. For a party of 12 and a total check in the amount of $191.40, what is the gratuity amount added to the check for this large party?a) $18.00 b)$34.45 c)$43.54 d)$191.40
Answer:
b)$34.45
Explanation:
Gratuity is similar to a service charge.
If the bill is $191.40, and gratitude of 18 percent will be added.
The actual gratitude amount that will be added will be equal to
18% of the $191.40 bill.
=18/100 x $191.40
=0.18 x 191.40
= $34.45
Explain two reasons why a government may run hospitals.
Explanation:
1) If a government decides to run a hospital, the
prices are likely to be less or free of cost.
2) the payments are made by the taxpayers.
3)A government will want to run a hospital because the economy might have many poor people and will want to reduce the death rate.
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If Company A has a shareholders' deficit, which of the following can it do to improve its debt-to-equity ratio?
O increase its advertising budget to draw in more customers
O borrow money from the bank to buy new equipment
o invest in new facilities to draw in more customers
O sell off part of its inventory and/or equipment
Answer:
sell off part of its inventory and or equipment
Explanation:
Debt/Equity=
Total Shareholders’ Equity /
Total Liabilities
Which of the following is not an effective strategy for verbal communication?
A) Repeat facts back to the other person.
B) Speak in a respectful tone of voice.
C) Avoid slang or unfamiliar jargon.
D) Choose your vocal tone and pitch carefully.
Answer: A)
Explanation: Its not a effective strategy because if you repeat the acts the other peron will get tired of hearing you and it can turn into a boring conversation.
a business that has too little working capital can take what action?
A business with too little working capital can take several actions to improve its financial situation:
1. Increase sales: By boosting sales through marketing strategies or improving products, the business can generate more revenue and improve its working capital.
2. Reduce costs: Identifying areas for cost reduction and implementing cost-saving measures can help the business preserve its existing working capital.
3. Optimize inventory management: Efficiently managing inventory levels can help to minimize carrying costs and avoid tying up too much capital in inventory.
4. Collect receivables faster: Speeding up the collection of outstanding receivables can improve cash flow and increase working capital.
5. Negotiate better payment terms with suppliers: By negotiating longer payment terms or discounts, the business can reduce its working capital requirements.
6. Secure short-term financing: The business can consider obtaining a short-term loan or line of credit to provide a temporary boost to its working capital.
7. Sell underutilized assets: Selling assets that are not contributing to the company's profitability can free up cash and improve working capital.
By implementing one or more of these strategies, a business with too little working capital can take action to strengthen its financial position and support its ongoing operations.
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Answer ASAP
An entrepreneur wants to start a bakery. He wants to make a sales forecast for his first six months in business, so he obtains the sales records for all the successful bakeries in his state and uses the monthly average for his forecast. What mistake is he making in this process? A. It is impossible to make an accurate sales forecast for a new business, and attempting to do so will only set him up for failure and disappointment. B. He should not use data from bakeries in his own state, as it is unlikely that they will report accurate estimates to their potential competitor C. He should be looking at sales records for all the successful bakeries in the country, not just in his state. D. It is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months.
The Mistake is he making in this process it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months. The correct option is D.
What is the importance of sales forecasting?A precise sales forecast enables businesses to efficiently allocate resources for future growth while also managing cash flow. Forecasting sales help create benchmarks for future trends and allow executives to make early course corrections. Revenue executives can optimize for more wins by aligning sales quotas with revenue goals.
Make a list of the products and services you offer. Estimate how much of each you anticipate selling. Define the unit price or monetary worth of each sold good or service. Divide the number of units sold by the price. Determine the cost of producing and selling each commodity or service.
Thus, the ideal selection is option D.
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Answer:
option d
Explanation:
it is not likely that he will be able to match the sales volume of successful, established bakeries in his first six months
Compare how an Austrian economist and a Friedmanite economist feel about government
intervention in the economy. (1 point)
- An Austrian economist believes the government should only influence the economy during a recession. A Friedmanite economist believes that, whenever
the government tries to get more involved in the economy, it makes it worse.
- An Austrian economist believes that the government should stabilize the economy by controlling the supply of money. A Friedmanite economist believes
that, whenever the government tries to get more involved in the economy, it
makes it worse.
- An Austrian economist believes that the government should stabilize the economy by controlling the supply of money. A Friedmanite economist believes
the government should only influence the economy during a recession.
- An Austrian economist believes that, whenever the government tries to get more involved in the economy, it makes it worse. A Friedmanite economist believes that the government should stabilize the economy by controlling the
supply of money.
The difference between a Friedmanite economist and an Austrian economist is that:
An Austrian economist believes that, whenever the government tries to get more involved in the economy, it makes it worse. A Friedmanite economist believes that the government should stabilize the economy by controlling the supply of money.Who is an Austrian economistThis is a person that believes that the government does not have to try to influence the economy. According to them if the government tries to intervene, things would get worse.
Who is a Friedmanite?This is a person that believes in free trade and a smaller government. This person also believes in the control of money supply by the government.
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Planning for regional natural disasters at work is _______.
a.
good practice
b.
unnecessary
c.
too cautious
d.
unsafe
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. good practice
Explanation:
planning for these disasters can help reduce damage,injuries,even death.
Answer:
A
Explanation:
Just in case something were to happen it would be good to know where to go and what to do. It can prevent deaths and injuries if the real thing were to happen.
There were following activities occurred during the first month of Babara Schmidt’s new hair cutting business called The Cutlery:
On August1, Schmidt put $3,000 cash into a chequing account in the name of The Cutlery. She also invested $15,000 of equipment that she already owned.
On August1, Schmidt paid $600 cash for six months of insurance effective immediately.
On August2, she paid $600 cash for furniture for the shop.
On August3, she paid $900 cash to rent space in a strip mall for August.
On August4, she furnished the shop by installing the old equipment and some new equipment that she bought on credit for $1,200. This amount is to be repaid in three equal payments at the end of August, September, and October.
On August5, Cash receipts from haircutting services provided in the first week and a half of business (ended August15) were $225.
On August15, Schmidt provided haircutting services on account for $100.
On August17, Schmidt received a $100 cheque in the mail for services previously rendered on account.
On August17, Schmidt paid $125 to an assistant for working during the grand opening.
On August18, Schmidt interviewed a job applicant. The applicant was successful in getting the position and will receive $750 per week for part-time work starting in September.
On August18, a regular customer paid $500 for services to be provided over the next three month.
Cash receipts from haircutting rendered during the 2nd half of August were $530.
On August31, Schmidt paid an instalment on the accounts payable
On August31, the August hydro bill for $75 was received. It will be paid on September14.
On August31, she withdrew $200 cash for her personal use.
Required:
· Prepare necessary journal entries for above activities occurred during the August.
· Prepare T-Accounts for all the accounts.
Prepare trial balance, balance sheet and income statement
The following activities occurred during the first month of Barbara Schmidt's hair cutting business, The Cutlery.
Cash was invested into a chequing account and equipment, insurance and furniture were purchased. Rent was paid, and the shop was furnished using a combination of old and new equipment. Cash was received from haircutting services provided, both in cash and on account. An assistant was paid, a job applicant was hired, and a regular customer made a payment. An instalment was paid on accounts payable, and a hydro bill was received. Finally, cash was withdrawn for personal use. To address these activities, journal entries need to be prepared, T-Accounts for all accounts should be created, and a trial balance, balance sheet, and income statement must be prepared.
To fully address the requirements, it would be more suitable to present the journal entries, T-Accounts, trial balance, balance sheet, and income statement in a tabular format or with proper formatting. Since text-based responses may not accurately convey the required information, I recommend utilizing accounting software or spreadsheet programs to organize the information and present it accurately.
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How might a customer react to a salesperson's
weak handshake?
Answer:
I think the customer will get upset.
The customer will think the salesperson is not ready to attend to him.
If we assume that asset X has an expected return of 10 percent and a variance of 10 percent squared, then its coefficient of variation is:
a. 3.162
b. 1.000
c. 0.316
d. none of the above
The coefficient of variation (CV) is a statistical measure that measures the ratio of the standard deviation (SD) to the mean of a dataset .Therefore, the correct answer is Option C - 0.316.
The CV is a useful tool for comparing the degree of variability of two or more datasets when the means are different. It is calculated as follows: CV = (SD / Mean) x 100%
Formula for Coefficient of variation
It is expressed as a percentage, and it is widely used to evaluate the risk-to-reward ratio of an investment. In financial analysis, the CV is a useful tool for comparing the variability of returns of two or more investments with different expected returns.
Assets Expected return and variance :If we assume that asset X has an expected return of 10 percent and a variance of 10 percent squared, then its coefficient of variation is:
Mean = Expected Return = 10%
SD = √Variance = √10% = 0.3162CV = (0.3162 / 10) x 100% = 3.162 %
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please help, this is very simppleee!! ^^
Thomas is a broker who works at a large investment firm. His job is to research different stocks and make recommendations to his customers on which ones they should invest in. Which career cluster would Thomas’s job fall under?
A) Finance
B) Business management
D) STEM
*Pls don't scam me for points!!
Finance, career cluster, would Thomas’s job fall under. Thus, option (a) is correct.
What is job?
A “job” is a designation for working for a specific business. An opportunity for career advancement arises from the job. One could increase their income and gain experience by working. The job was the source of the income. They are the based on the earnings are the career cluster.
According to the Thomas’s job fall under are the based on the finance. It was the largest investment in the firm are the research are the stocks on the recommendations of the customer. It was the investing company are the related to the finance.
As a result, the finance, career cluster, would Thomas’s job fall under. Therefore, option (a) is correct.
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VOTE TOM NOOK FOR PRESIDENT FOR 2024
:0
yas I will vote him!
lol
wait..no! He will just take our money. My answer is a maybe.
.A manufacturing business has purchases of raw materials of $4,500, closing inventory of $1,400 and opening inventory of $800. What is the cost of raw materials used in production?
Answer:
Cost of raw materials used = $5,100
Explanation:
Given:
Purchases of raw materials = $4,500
Closing inventory = $1,400
Opening inventory = $800
Find:
Cost of raw materials used
Computation:
Cost of raw materials used = Opening inventory + Purchases of raw materials - Closing inventory
Cost of raw materials used = 1,400 + 4,500 - 800
Cost of raw materials used = $5,100
What role does product/service management play in marketing?.
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
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how do you get into Harvard law school
robert worked as a campus police officer at cal poly pomona. as part of his union contract, robert was required to submit to a drug test four times per year. he tested positive for crystal meth (an illegal drug) during one of his regularly-scheduled drug tests. according to the same union contract, a positive test for an illegal drug could result in automatic termination, so robert was fired from his job. robert sued cal poly pomona for wrongful employment termination. what should be the result? a. robert should win since drug tests can never be required of any employee b. robert should win since passing a drug test has nothing to do with being a campus police officer at cal poly pomona. c. robert should lose since the union contract allowed his termination under the circumstances. d. robert should win since random drug tests are an invasion of california's privacy rights under the california constitution and, therefore, are prohibited.
The correct option is C. Robert should lose since the union contract allowed his termination under the circumstances.
Employment is a courting between two events regulating the supply of paid labor offerings. commonly primarily based on a settlement, one birthday celebration, the employer, which might be an enterprise, a new not-for-profit agency, a co-operative, or some other entity, pays the opposite, the worker, in going back for carrying out assigned work. employees work in return for wages, which can be paid on the basis of an hourly price, via piecework or an annual income, depending on the type of paintings a worker does, the triumphing situations of the world, and the bargaining electricity among the parties.
Employees in a few sectors may receive gratuities, bonus payments, or inventory options. In some types of employment, employees may additionally acquire benefits further to charge. advantages may include medical insurance, housing, and incapacity insurance. Employment is generally ruled by using employment legal guidelines, agency, or felony contracts.
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There's a lot to know before you use credit for the
first time. First and most obvious, you have to pay
back what you borrow. Every month you'll have a
due. This is the smallest amount
Select One
you can pay without accruing fees. Because of
interest, you'll have to pay back more than the
Select One
you initially borrowed. You should
also know that there's a ceiling for how much you can
borrow at once. This is called your
Select One
It can be a lot to juggle what
you're spending and what you owe, so a budgeting
method like Select One
I can help you get a
handle on everything.
Note that in the above credit scenario, this is the smallest amount you can pay without accruing fees.
What are the fees related to credit?It is the consumer's overall credit cost represented as a percentage of the total credit amount on a yearly basis.
Take note that credit improves your financial flow. It's handy since you don't have to spend a lot of money.
It is extremely useful when you need money for an emergency such as illness, property loss, or death. When you run out of funds, it allows you to buy products that are immediately required.
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Which of the following is an internal factor?
A. Interest rates
B. Employment laws.
C. Employee turnover.
D. Economic recession.
Answer:
Your answer is: C) Employee turnover
Explanation:
Which of the following is a similarity between an industrial metrologist and a legal metrologist?
Both ensure confidence in the quality of measurements
Both are employed by private companies
Both develop measurement standards based on research
Both ensure adequate functioning of measurement instruments
Answer:
is a
Explanation:
Answer:
Both ensure confidence in the quality of measurementsExplanation:
The correct answer is Both ensure confidence in the measurements. A legal metrologist and an industrial metrologist are both concerned with the confidence organizations have in the quality of measurements. Industrial metrologists are concerned with the quality of measurements for the industry in which they work. Legal metrologists are concerned with the quality of measurements for all groups affected by measurement regulations.
Because costs an benefits are both subjective, a person’s decision will always be based on what
personal bias
a person's life and experience will always determine there decisions bceause subjective benefits and costs are subjective due to there own
Answer:
Explanation:
Because costs and benefits are both subjective, a calculation of the value of a decision is always based on personal opinion. Answer: Value of information (VOI or VoI) is the amount a decision maker would be willing to pay for information prior to making a decision.
what five factors do presidents consider when choosing cabinet officers
When choosing cabinet officers, presidents typically consider several factors, including: Expertise and Qualifications, Political Loyalty, Diversity and Representation, Management and Leadership Abilities and Compatibility and Teamwork.
Expertise and Qualifications: Presidents prioritize individuals with relevant knowledge, skills, and experience in the specific area or department they will be leading. They look for candidates who possess the expertise necessary to effectively manage and implement policies related to their respective roles.
Political Loyalty: Presidents often consider the political loyalty of potential cabinet officers. They may seek individuals who have supported their campaign, share their ideological views, and can be trusted to advance their policy agenda.
Diversity and Representation: Presidents aim to assemble a diverse cabinet that reflects the nation's demographics and interests. They consider factors such as gender, race, ethnicity, and regional representation to ensure a range of perspectives and promote inclusivity.
Management and Leadership Abilities: Presidents look for individuals who demonstrate strong leadership skills, managerial competence, and the ability to effectively oversee large government agencies. They seek candidates who can efficiently navigate bureaucratic processes and implement the president's vision.
Compatibility and Teamwork: Presidents consider how well potential cabinet officers will work within their administration as a cohesive team. They assess interpersonal skills, the ability to collaborate with other officials, and a willingness to align with the president's policy priorities.
It's important to note that the specific factors and their relative importance can vary depending on the president's leadership style, policy objectives, and the context of the administration.
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similarities between local market and national market
Many workers do not have to drive to an office location. Their offices may be located in their homes. These workers are known as _____.
Answer:
telecommuter
Explanation:
A person who telecommutes is known as a "telecommuter", "teleworker", and sometimes as a "home-sourced", or "work-at-home" employee. A telecommuter is also called a "telecommuting specialist", as a designation and in a professional context.
Describe the information you will need to provide in order to complete a FAFSA. List at least three of the required documents you must include.
Answer:
Sample response: To complete a FAFSA, I must first include information to verify my identity. This includes my Social Security number or a driver's license. I must include information about my income or my family's income (if they are still responsible for my care). Finally, I must submit financial information, like my account statements.
Explanation:
2020 edg
Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest, compounded daily. To the nearest cent, how much is in the account at the end of three non-leap years?
Answer:
=$1,551.255
Explanation:
The amount can be calculates using the formula
A = p x ( 1 + r) ^n
Where A = Amount
P= principal: $1500
r=1.12% or 0.0112 per year. Dairy interest rate = 0.0112/365
n = 365 days x 3 = 1095
A= 1500 x( 1 + 0.0112/365)^1095
A =$1500 x ( 1.00003068493)^1095
A =$1500 x 1.034170
A =$1,551.255
1. What could Ray Kroc have done better when originally going into business with the McDonald brothers?
2. What mistakes did Ray Kroc make when originally selling his franchises?
It is on history that the Mcdonald's brothers were cheated by Ray Kroc. This perhaps was one of the very few flaws in his beginning as he build the Mcdonald's franchise. He could have grown with them or at least "fought" fairly.
The mistake Ray Kroc did when he originally started selling his franchise is that the system was set up to be an unprofitable business.
How did Ray Kroc solve the above problem?Ray built his first McDonald's in the Chicago neighborhood of Des Plaines in April 1955. He utilized the immaculately clean and efficient restaurant to sell McDonald's franchises to the rest of the country.
Ray would receive 1.9 percent of gross sales for each franchise he sold. He would give the McDonalds a half-share of it. Kroc sold 18 franchises in his first year in operation, but was surprised to see that he was barely making enough money to pay his expenditures.
In his rush to obtain the rights to the Mcdonald's processes, he had made them an unbeatable offer. Unfortunately, he was unable to profit from the transaction.
Then Kroc met Harry Sonnenborne, a financial genius who taught Kroc how to earn money by selling real estate rather than hamburgers. Kroc established a business to buy or lease the property on which all McDonald's restaurants would be built under Sonnenborne's design.
Franchisees then paid Kroc a fixed monthly fee or a percentage of their sales, whichever was larger. Kroc has assured a profit by controlling the property on which the franchises were built rather than merely the franchisees themselves. With his real-estate strategy in place, Kroc went out to achieve his aim of building 1,000 McDonald's around the country.
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Which of the following identifies the reason that we need reconciliations between governmental funds and government-wide governmental activities (select all that apply)?
a. Internal service funds are often categorized as governmental funds.
b. Governmental funds use the modified accrual basis of accounting, and the government-wide governmental activities use the accrual basis of accounting.
c. Internal service funds are often categorized as governmental activities.
d. Governmental funds use the accrual basis of accounting, and the government- wide governmental activities use the modified accrual basis of accounting.
"Governmental funds use the modified accrual basis of accounting, and the government-wide governmental activities use the accrual basis of accounting", identifies the reason that we require reconciliations amaong governmental funds and government-wide governmental activities. The right answer is b.
The terms cash basis and full accrual basis are combined to form modified accrual. When revenues are both quantifiable and accessible, they are recognised. However, as expenses are always quantifiable at the time of incurrence, they are recorded using the full accrual method.
Which transactions are recognised in the operating fund depends on the measuring focus of the governmental funding. Transactions are not included in the operational capital of the fund financial statement if they are not a current resource or use.
The correct answer is option b.
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5. When should permissions be a part of a company's internal control process? (1
point)
Answer:
when they don't have what you want and they don't know what they are doing
Explanation: