Placing ads in newspapers and having knowledgeable salespeople answer customers' questions are ways marketing intermediaries can provide information utility.
The salespeople are in charge of welcoming customers, guiding them toward the merchandise they need, and counting up purchases. You need to be a great communicator if you want to succeed in sales. A successful salespeople achieves sales goals while being courteous and helpful to consumers.
A salespeople is defined as a person who sells products or services. A vehicle salesperson is an illustration of salespeople. a somebody who makes sales. a worker whose job it is to market goods or services.
An effective salespeople's main duty is to boost sales. This will comprise customer identification, presentation, demonstration, handling of objections, and closing the sale for order-getters.
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bravo company had a beginning accounts receivable account balance of $540. during the period bravo' sold goods on account for $2,360. ending accounts receivable had a $630 balance. how much was collected on account during the period
The collected on account during the period will be $1,150.
What is account?
The entry of a transaction in a financial statement is referred to as a “account.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.
Determining the bravo company is:
Beginning Account receivable = $380
Add sales on account = $1,400
Total Account receivable = Beginning Account receivable + Add sales on account.
Total Account receivable = $380 + $1,400
Total Account receivable = $1,780.
Less Ending Account receivable $630
Amount collected = Total Account receivable - Less Ending Account receivable.
Amount collected = $1,780 - $630.
Amount collected = $1,150.
As a result, collected on account during the period will be $1,150.
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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the products produced on the prairies went mostly to which market? overseas overseas to people in the western territories to people in the western territories to other farmers to other farmers to people in the cities to people in the cities
The products produced on the prairies went mostly : to people in the cities.
What is the province of the prairie?
The northern Great Plains region of North America is home to the Canadian provinces of Manitoba, Saskatchewan, and Alberta, collectively known as the Prairie Provinces. They make up Canada's primary wheat-producing region and are a significant supplier of petroleum, potash, and natural gas.
A prairie is a sizable, open grassland region that is primarily covered in sedges, savannas, and shrublands. Vegetative items are the most prevalent in supermarkets. Because cities are unable to produce these products in big quantities, the answer to the question above is "A. to the people in the cities."
Question:
The products produced on the prairies went mostly to which market?. . A.. to people in the cities. . B.. to other farmers. . C.. to people in the western territories. . D.. overseas.
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if mary can bake more cakes in one day than sarah can bake in one day, then sarah should not bake cakes. mary has a comparative advantage in baking cakes. sarah has a comparative advantage in baking cakes. mary has an absolute advantage in baking cakes. neither mary or sarah have the absolute advantage in baking cakes.
Mary has an absolute advantage in baking cakes.
What is absolute and comparative advantage?A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. According to economic theory, a person should specialise in the production of the good for which they have a comparative production in.
A person has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other people using the same quantity and quality of resources.
The concept of absolute advantage and comparative advantage was introduced by Adam Smith, a Scottish economist in 1776 when he used them to describe international trade.
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As a manager, colin realizes that there is no single formula for making easy decisions. In reality, business decisions he has to make involve uncertainty and risk. This describes the ______ model of decision making.
Answer: the RATIONAL model of decision making is the main model that considers risks and alternatives! Hope this helps!
market failure is the inability of question 20 options: a) buyers to interact harmoniously with sellers in the market. b) some unregulated markets to allocate resources efficiently. c) a market to establish an equilibrium price. d) buyers to place a value on the good or service.
The Correct Choice of Answer is Option B
A market to determine an Equilibrium price
When the market is not operating at its equilibrium level, when supply and demand are equal, market failure occurs. Inefficiencies in the market lead to the issue of efficiency loss (deadweight loss). As an illustration, suppose the government levies a tax that causes a difficulty with the inability to establish an equilibrium when supply and demand are equal. a reduction in efficiency (deadweight loss) for both buyers and suppliersWhat transpires when prices are balanced?The price at which the amount provided and requested are equal is referred to as the equilibrium price. It is established by where the demand and supply curves cross. If the amount of an item or service supplied exceeds the amount sought at the going rate, there is a surplus, and the price is under pressure to decline.To learn more about Equilibrium Price, Click the links.
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identify a true statement about the field of business ethics. multiple choice it is not a multidisciplinary field. it is mainly relevant to decision making within an organization. it is rooted in the more gener
It involves decisions at the individual, at the organization, and at a broader social and governmental level.
This is the correct answer, option 4)
What are business ethics?Business ethics assesses social, cultural, legal, and other economic constraints and protects the interests of all parties involved. Furthermore, it emphasizes moral and social values such as consumer protection, welfare, fair business practices, and societal service.
Businesses are expected to be fair and honest in all of their dealings. Businesses that fail to do so will face serious consequences. The statutory laws govern ethics. However, ethics go beyond enforcement; they must be self-imposed and diligently followed. Businesses must conduct internal audits and quality control checks on a regular basis to maintain ethics. In addition, ethics differ from one company to the next.
Thus, the fourth option is correct.
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Danny is experimenting with cashless dining at four locations. If he utilizes the results of this experiment in deciding whether to proceed with this new policy at all his locations, he would be utilizing.
Danny is experimenting with cashless dining at four locations. If he utilizes the results of this experiment in deciding whether to proceed with this new policy at all his locations, he would be utilizing evidence based management.
What is meant by evidence based management?The use of the evidence based style of management has to do with the form of management that is concerned with the use of the approach that has to do with the setting aside of previous convictions and opinions.
It is one that has to do with the use of critical thinking in order to achieve results that people want. Hence we can say that if Danny is experimenting with cashless dining at four locations. If he utilizes the results of this experiment in deciding whether to proceed with this new policy at all his locations, he would be utilizing evidence based management.
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question 3 a business is setting up a campaign, and is thinking ahead to which metrics they would want to track. which kpis would you track for an awareness campaign?
kpis would you track for an awareness campaign are Likes, traffic, or engagement.
What are KPIs?A form of performance measurement is a performance indicator or key performance indicator. KPIs assess the effectiveness of a company or the performance of a certain activity in which it is involved.
The letters in this well-known abbreviation stand for specific, measurable, achievable, realistic, and time-bound. When deciding if a statistic should be a key performance indicator, utilize this as a reference point. KPIs like "revenue per area every month" or "new customers per quarter" are examples of SMART KPIs.
Key performance indicator, or KPI, is an abbreviation for a statistic that assesses how well projects, people, departments, or organizations perform in relation to their strategic goals and objectives. KPIs allow stakeholders to gauge their own success and the health of the company.
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a problem of industries and regions: unemployment and structural change in britain during the interwar years and 1980s
There were many problems of unemployment and structural change in Britain during the interwar years and 1980s. Which includes the changes related to industries and regions.
The most serious employment crises Britain occurred during twentieth-century. In this year there were many wars in early 1980s. In both the cases the unemployment rate climbed to over 10% and this aggregate remain high for many years. These downturn in the period changed the structural economy. Export-oriented a heavy loss in expanding light manufacturing industries during early 1980s. The decline in manufacturing accelerated as the economy pivoted toward service industries and finance. These were the problems faced by Britain during interwar.
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A decrease in the price of a complementary good will cause its complement’s equilibrium price to ______________ and the equilibrium quantity to ______________.
A decrease in the price of a complementary good will cause its complement’s equilibrium price to decrease and the equilibrium quantity to decrease.
Complementary goods are those that are consumed together. Substitutes are goods that can be consumed in place of the original. Prices of substitute goods or complementary goods also cause the demand curve to shift. When the price of a complementary good falls, the quantity demanded of one rises and the requirement for the other rises. When the cost of a substitute good falls, the quantity demanded for that good rises, but the demand for the good for which it is substituted falls.
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explain how a market economy determines who will receive the benefits from what is produced and sold.
Market economies determines who will receive the benefits from what is produced and sold by using the forces of supply and demand to determine the appropriate prices and quantities for most goods and services in the economy.
What is a market economy..??"A market economy is one in which the allocation of resources and the prices of goods and services are determined by market forces, primarily supply and demand. Market economies have little government intervention, allowing private ownership to determine all business decisions concerning how a business is run."
There are two other modern economic models:
1. Command Economy
2. Mixed Economy
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tyler's event planning company hired a new marketing assistant who focuses only on long-term organizational goals and objectives, ignoring the functional or operational level aspects of planning. for having a successful marketing planning experience, in which concept should the new assistant be trained?
The new assistant should be trained on the following concept
Stay Strategic, but also Stay on top of the TacticalThe process of determining a company's purpose for being, identifying objectives targeted at attaining its full potential, and developing progressively distinct duties to achieve those objectives is known as organisational planning. A proper organisational plan comprises four phases: strategic, tactical, operational, and contingency
Why is planning crucial in a company?Planning, in particular, aids in critically evaluating the aim to determine its viability. By estimating when the business will be able to reach its goal, it helps decision-making and enables for creating a time range. It also specifies how to assess performance in relation to the objectives specified, as well as who will be in charge of doing so..To learn more about Organizational Planning, Click the links.
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at a sales volume of 55,000 units, a certain company’s total fixed costs are $55,000 and total variable cost are $75,000. the relevant range of 50,000 and 80,000 units. if the company was to sell 59,000 units, the total expected cost would be:
A certain company's total fixed expenses are $55,000 and its total variable costs are $75,000 at a sales volume of 55,000 units. the appropriate quantity between 50,000 and 80,000 units.
What is variable cost?Variable costs are expenses that change according to production output or sales. Variable expenses increase with increasing output or sales and decrease with decreasing output or sales. Variable costs are impacted by variations in sales or manufacturing volume, but fixed costs are not. Variable cost per unit = Total variable cost ÷ Units = $75,000 ÷ 55,000 = $1.37 per unit Total cost = Fixed cost + (Variable cost per unit × Units) = $55,000 + ($1.37 per unit × 59,000 units) = $135,830
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after the price ceiling is implemented, there is neither a shortage nor a surplus. a shortage. both a shortage and a surplus. a surplus.
After the price ceiling is implemented, Quantity demanded is greater than quantity supplied, thus there is a shortage.
What is supposed by using a price ceiling?
A price ceiling keeps a fee from rising above a sure degree the “ceiling”. A charge ground continues a rate from falling under a sure stage the “floor”. We will use the demand and deliver framework to apprehend price ceiling. In lots of markets for goods and services, demanders outnumber providers.
What's price ceiling with appropriate example?
A price ceiling is the most amount a producer can sell their right or service for. That is normally mandated by means of government on the way to make sure clients can have the funds for the relevant goods and offerings. Examples consist of, meals, rent, and power products which can also become unaffordable to consumers.
What is the effect of price ceiling?
When price ceiling is ready underneath the market rate, producers will start to gradual or prevent their production technique inflicting less supply of commodity within the market. On the other hand, call for of the consumers for such commodity increases with the autumn in fee.
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identify the characteristics of a successful workplace culture. select all that apply. employees want to do a good job. employees do not agree with the goals of the organization. employees feel free to be individuals. employees like the goals of the organization.
The characteristics of a successful workplace culture. select all that apply employees like the goals of the organization.
Culture is the character and personality of your organization. it is what makes your business unique and is the sum of its values, traditions, beliefs, interactions, behaviors, and attitudes. Fantastic place of business way of life attracts skills, drives engagement, influences happiness and pleasure, and impacts performance. The character of your business is inspired by everything. Leadership, management, workplace practices, regulations, people, and extra impact culture significantly. The most important mistake groups make is letting their workplace tradition form naturally without first defining what they need it to be.The way your leaders speak and engage with employees, what they talk and emphasize, their vision for the future, what they celebrate and recognize, what they expect, the stories they tell, how they make decisions, the volume to which they're relied on, and the ideals and perceptions they reinforce.
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which type of retailer is most likely to require its employees to focus most on assisting customers as they shop?
Everyone want to be renowned for their superior customer service. As the following customer service statistics demonstrate, being helpful not only makes you feel good, but it also sets you apart from the competition.
When done correctly, customer service can have just as much of an impact as an effective sales funnel or marketing campaigns. Additionally, if your customer service team performs really well, it might increase the effectiveness of your other teams.
Word-of-mouthCustomers enjoy conversing. They will discuss both positive and negative experiences as well as everything in between. Customers enjoy listening, too.
The following customer service statistics will demonstrate that many people place more faith in social media comments or reviews from other customers than they do in the advertising for your actual business.
Providing first-rate customer service is extremely beneficial for your business's marketing initiatives, especially when done in the open on social media.
The power of a personal touch
"If a customer likes you and stays interested in you, they will keep doing business with you. They won't if they don't.
Everyone desires to be understood. They want to think that the people in their lives are considering them, caring for them, and being aware of their needs and wants.
This also applies to your clients. Going above and above to give your customers a sense of being seen, heard, and cared for may have a profound effect on both their experience and the financial health of your business.
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modern maintenance is defined operationally and it covers all modifications before or after installation of the product.
It is True.
What is meant by Mass modification?You must submit a revision each time your Schedule contract is altered. Most commonly, terms and conditions, pricing, and/or products and/or services are changed.
Modifications are nonetheless necessary for administrative adjustments such authorized negotiators, addresses, phone numbers, and fax numbers, as well as for changes to important individuals.
Modification requests must be filed electronically via eMod by your company's Contracting Administrator, also known as the Point of Contact, when made by the contractor (POC). Please check the "Modification Options" section of the Vendor Support Page for information unique to your Schedule.
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a. galetovic, s. haber, and l. zaretzki, an estimate of the average cumulative royalty yield in the world mobile phone industry: theory, measurement and results
An estimate of the average cumulative royalty yield in the global cellular phone industry: idea, size, and effects: on the way to determine this declaration, we estimate the common cumulative royalty yield—the sum total of patent royalty payments earned by means of licensors.
The phone industry in the united states of America is covered in this text. cellular phones are normally called smartphones or mobile phones.
cell phones have long gone thru a huge exchange and their marketplace has increased globally. seeing that in 1994, the cell phone industry has elevated from 24 million to approximately 182 million in wi-fi telephone and associated gadgets running within the u.s.a. with some 162 million cell-cellphone customers within the u.s.a. alone.
The phone industry has been steadily growing and growing since 2008, both in marketplace length and in the range of models and vendors. cellphone shipments worldwide are projected to add up to around 1. forty-three billion devices in 2022. by way of the quit of 2020, seventy-eight. 05 percent of the world's populace had been cellphone users.
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International integration is most difficult for ______________. These regions, which some call the "bottom billion," are located in the east, central, and west africa, central asia, and the pacific islands.
International integration is most difficult for countries in regions that are divided, removed from world markets, and lack the economic size.
International integration implies the adoption of policies by separate countries as if they were one unit. The degree of integration is commonly tested by seeing whether interest rates or share prices or the costs of products are the identical in several national markets. If we define integration as providing equal economic opportunities, however unequal the initial endowments and achievements of members of the integrated area, the globe was more integrated at the tip of the nineteenth century than it's today.
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To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by entries. True or false?.
To complete the measurement process, companies need to update balances of assets, liabilities, revenues, and expenses for changes created by entries.
The statement is true.
An adjusting entry is honestly an adjustment in your books to higher align your revenues, economic statements along with your earnings and charges, typically — however no longer always — on an accrual foundation. Adjusting entries are made at the give up of the accounting length. this could be at the give-up of the month or the stop of the year.
Adjusting entries are important because they ensure that your enterprise activities are correctly recorded and that you aren't paying for charges earlier than they happen. simply put, your economic statements provide correct statistics.
Modifications entries fall beneath 5 categories: gathered revenues, collected prices, unearned sales, pay as you go fees, and depreciation.
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jackie’s landlord told her she has to pay her rent by the 1st (instead of the 5th) this next month, or she will be evicted. jackie is worried about how she will get the money on time. this demand is for jackie.
In the given question, Jackie is worried about how she will get the money on time, this demand is a stressor for Jackie.
What is a stressor?A chemical or biological agent, environmental factor, outside stimulus, or event that is thought to put an organism under stress is referred to as a stressor. Demands and the stress they cause Tasks that demand effort to complete on the mental, emotional, or physical levels are called demands.
Some stressors are simple to recognize, such as work pressures, relationship issues, a busy schedule, or financial worries.
Hence, In the given question, Jackie is worried about how she will get the money on time, this demand is a stressor for Jackie.
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a customer paid \$53.00$53.00dollar sign, 53, point, 00 for a jacket after a 666 percent sales tax was added. what was the price of the jacket before the sales tax was added?
The price of jacket is $50.
We are given the sales tax percentage and the total price of jacket. So, let us assume the original price of jacket be x. Now, forming the equation to find the value of x.
x + 6% of x = 53
Rewriting the equation -
x + [tex]\frac{6x}{100}[/tex] = 53
Taking LCM on Left Hand Side we get -
[tex]\frac{100x + 6x}{100}[/tex] = 53
Now, performing cross multiplication and taking as numerator on Right Hand Side of equation
106x = 53×100
Performing multiplication on Right Hand Side of the equation
106x = 5300
Shifting 106 as denominator on Right Hand Side of the equation
x = [tex]\frac{5300}{106}[/tex]
Performing division to find the value of x which is the cost of jacket
x = 50
Hence, the price of jacket before addition of sales tax is $50.
The complete question is -
A customer paid $53.00 for a jacket after a 6 percent sales tax was added. What was the price of the jacket before the sales tax was added?
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company a has a beta of 0.70, and company b's beta is 1.20. the required return on the stock market is 11%, and the risk-free rate is 4.25%. what is the difference between a's and b's required rates of return? (hint: first find the market risk premium, and then find the required returns on the stocks.
Option E, or 3.38%, is the difference between the required rates of return for A and B.
The relationship between systematic risk and expected return for assets, particularly stocks, is known as the Capital Asset Pricing Model (CAPM). The CAPM is frequently used in finance to value risky securities and calculate expected returns for assets based on their risk and cost of capital.
The beta for Company A is 0.70.
The beta for Company B is 1.20.
The required stock market return is 11.00%,
4.25% is the risk-free rate.
A risk premium of 11% minus 4.25% equals 6.75%.
You can input the returns of 8.975% for A and 12.35% for B to find them in the CAPM.
What is the Rate of Return?The net gain or loss on an investment over a predetermined period of time is known as a rate of return. The initial cost of the investment is used to calculate the rate of return.
Thus, 3.38% is the answer
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4. Suppose that you own a store that sells athletic shoes. You survey your customers and
analyze your sales data to see how many pairs of shoes you can expect to sell at various
prices. Your research enables you to make the following market demand schedule.
Qd
O
10
20
40
70
110
P($) of pair of shoe
175
150
125
100
75
50
Answer:
70
Explanation:
The market demand schedule shown shows the relationship between the price of a pair of athletic shoes (P, in dollars) and the quantity that consumers are willing to buy (Qd).
The number of shoes customers are willing to buy at different price points is shown in the table. The timeline of market demand is summarized as follows:
Price ($) of a pair of shoe (P):$175, $150, $125, $100, $75, $50
Quantity demanded (Qd):10, 20, 40, 70, 110
For example, a customer may want 10 pairs of shoes at a price of $175 per pair. Following the law of demand, which holds that when the price of a commodity decreases, the quantity demanded increases, all else being equal (all other things held constant), the quantity demanded increases when the price decreases. She goes. The store owner can use this market demand timeline to make pricing decisions that will maximize sales and revenue by better understanding consumer behavior.
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two 20-year bonds are indentical in all respects except that one allows the issuer to call the bond in return for $1,000 cash at any time after five years, while the other contains no call provisions. will the yield to maturity on the two bonds differ? if so, which will be higher? why?
The yield on the bond with the call provision will be higher. The call option gives the issuer a valuable option and investors will demand compensation for this option in the form of a higher yield. For example, suppose the interest rate declines in year six. The price of the non-callable bond will rise as the holder earns an above market current yield, while the price of the callable bond will remain at $1,000 in anticipation that the issuer will call the bond and refinance at the new lower rate. Holders of the callable bonds will demand a higher yield to compensate for such eventualities.
What is a bond?
A bond is an investment security in which an investor lends money to a company or government for a specified period of time in exchange for periodic interest payments. When the bond matures, the bond issuer returns the investor's money.
How do bonds work?
I-Bonds accrue monthly interest from the first day of the month in which they are issued. Interest accrues (added to the bond) until the bond reaches 30 years or until the bond is redeemed, whichever comes first. Interest is compounded semi-annually.
What are bonds and types of bonds?
Bonds can be classified into four types: corporate bonds, municipal bonds, government bonds and agency bonds. Bond prices are inversely proportional to coupon rates. When interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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at flat rock real estate, employees work together to achieve the company goals and purposes. this group of employees group of answer choices are leading. is an organization. form an ad hoc team. are visionaries. stretches goals.
When employees work together to achieve the company goals and purposes like at Flat Rock Estate, this is an organization.
What is an organization?An organization refers to any group of people that are working together to ensure the common goal of a company.
These usually comprise of employees and management with the management being used to direct the activities of employees to ensure that the company goals and purposes are met.
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eduardo sold 500 shares of northcutt corporation stock on the new york stock exchange. this transaction
Eduardo sold 500 shares of Northcutt corporation stock on the new york stock exchange. This transaction occurred in the secondary market.
What is a secondary market?Investors acquire and sell their existing securities in the secondary market. It is what most people refer to as the "stock market," even if shares are also initially offered on the primary market. The national exchanges, including the NASDAQ and the New York Stock Exchange (NYSE), are secondary markets.
There are various kinds of secondary markets, even though equities are among the most widely traded securities. Investing in mutual funds and bonds in secondary markets, for instance, is done by investment banks as well as by businesses and private investors. The secondary market is also where organizations like Freddie Mac and Fannie Mae buy mortgages.
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the theoretically correct method to determine the cost of debt involves solving the present value of a stream of cash flows equation for .
Entire annual interest costs should be calculated, find this number on your income statement if your company releases financial statements.
What is cost of debt?
The cost of a company's money, or from the perspective of an investor, "the needed rate of return on a holdings firm's organizational securities," is what economists and accountants refer to as the cost of capital. It is employed by businesses to assess new initiatives.The entire amount of interest that a business pays over the course of a loan or other type of debt is referred to as cost of debt.
Therefore,
The theoretically correct method to determine the cost of debt involves solving the present value of a stream of cash flows equation for:
Entire annual interest costs should be calculated. You may typically find this number on your income statement if your company releases financial statements.
Add up every loan you have.
To calculate the cost of debt, divide the first number (total interest) by the second one (total debt).
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bcd sportswear has introduced initiatives to attract millennial shoppers, who typically avoid department stores. these include themed pop-up shops, shop-in shops featuring new fashion designers, and concept shops
This is the example of (B) a market-oriented organization that recognizes that different customers want different benefits.
What is a market-oriented organization?A market-oriented organization takes a customer-centered approach, which means that the consumer base's most pressing concerns, immediate needs, and personal preferences must be researched. The strategy must be centered on the consumer base's values, culture, and other behavioral characteristics. Amazon is an example of a market-driven organization. It has consistently added processes and features that clearly address consumer concerns and desires as it has grown and developed. Many consumers, particularly city dwellers, are concerned about having packages delivered when they are not at home.So, in the given situation BCD sportswear company is an example of a market-oriented organization that recognizes that different customers want different benefits.
Therefore, this is the example of (B) a market-oriented organization that recognizes that different customers want different benefits.
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The complete question is given below:
BCD Sportswear has introduced initiatives to attract millennial shoppers, who typically avoid department stores. These include themed pop-up shops, shop-in-shops featuring new fashion designers, and concept shops.
This is the example of _______.
a. a market-oriented organization targets its products at "everybody"
b. a market-oriented organization recognizes that different customers want different benefits
c. most people are not attracted to an average product marketed to the average customer
d. a sales-oriented organization carefully divides the market into groups of people who are similar