The better a firm understands the difference between customers' needs and wants, the more effectively it can tailor its message to convince customers to buy its goods or services.
Understanding the difference between customers' needs and wants allows a firm to align its messaging and marketing efforts with the specific desires and motivations of the target audience. Needs are essential requirements or problems that customers seek to address, while wants are preferences or desires that go beyond basic necessities. By comprehending these distinctions, a firm can develop targeted marketing messages that highlight how its products or services address customers' needs and fulfill their wants. It enables the firm to emphasize the value proposition and benefits of its offerings, appealing to customers on both practical and emotional levels. Effectively communicating the value and relevance of a product or service based on customers' needs and wants increases the likelihood of capturing their attention, interest, and ultimately, convincing them to make a purchase. Tailoring the message to resonate with customers' specific needs and wants is a fundamental aspect of persuasive marketing and successful customer engagement.
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You have just won the state lottery and have two choices for collecting your winnings. You can collect $112,000 today or receive $21,400 at the end of each year for the next seven years. A financial analyst has told you that you can earn 8% on your investments 1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answers to nearest whole dollar.) Present Value Option 1 Option 2 112,000
.Option 1 with $112,000 today has a higher present value compared to Option 2 with $21,400 per year for seven years.
To calculate the present value of Option 2, receiving $21,400 at the end of each year for the next seven years, we need to discount each future cash flow back to the present using the appropriate discount rate. In this case, the discount rate is 8% as provided by the financial analyst. Using the Present Value of an Annuity (PVA) formula, we can calculate the present value of Option 2. The formula is:
Present Value = Payment x (1 - (1 + interest rate)^(-number of periods)) / interest rate
Plugging in the values, we have:
Present Value of Option 2 = $21,400 x (1 - (1 + 0.08)^(-7)) / 0.08
Evaluating this expression, we find that the present value of Option 2 is approximately $111,644 (rounded to the nearest whole dollar).
Comparing the present values of Option 1 ($112,000) and Option 2 ($111,644), we can see that Option 1 has a slightly higher present value. Therefore, if your goal is to maximize the present value of your winnings, it would be more advantageous to choose Option 1, which allows you to receive a lump sum payment of $112,000 today. This way, you can immediately invest or use the funds to pursue your financial goals without waiting for annual payments over a seven-year period.
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How is being comfortable with risk and flexibility important to having an entrepreneurial mindset?
An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. This means that being too stubborn and unyielding in your approach can be a recipe for stress and potential business disaster. Being flexible as an entrepreneur can provide you with an important competitive edge. It helps you to exploit opportunities as and when they arise. Successful entrepreneurs stick to the basic principles of risk management: They look for opportunities where if they fall short they lose only a certain value, but if they win they could stand to gain 10 times as much. And the best entrepreneurs never bet more than they can afford to lose. They always consider Plan B (as well as Plan C, D and E) in case the current program doesn’t work out as expected.
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Where are the industrial centers in the united states?
The major industrial centres in the united states are:-
(i) Southern New England
(ii) Mid-Atlantic States
(iii) Pittsburgh-Lake Erie Region
(iv) Detroit Industrial Region
(v) Lake Michigan Region
(vi) Southern Appalachian Region
(vii) Eastern Texas
Where are the industrial centres in the united states?
The industrial centres of the Middle West and of the Pacific coast are more recent.
The North American continent has many great industrial centres and a few industrial regions. This is partly the consequence of the widespread nature of the resources of the continent, and partly because of the late date at which industrialisation took place.
The development of transport facilities and in recent years the generation and transmission of hydroelectric power have tended to cut industry adrift from the coalfields It is now having few areas of large-scale concentration.
More modern industrial hubs can be found on the Pacific coast and in the Middle West.
There are a few industrial regions and several excellent industrial hubs on the continent of North America. The vast nature of the continent's resources and the later-than-expected timing of industrialization are both contributing factors to this.
The industry has tended to become dispersed from the coalfields due to the development of transportation infrastructure and, more recently, the generation and transmission of hydroelectric power. There are now just a few big concentrations of it.
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which of the following behavior patterns may be a characteristic of minors
Answer:
Self conscious about appearance
Explanation:
A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.
nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. she has planned out word for word what she is going to say. this is an example of a(n) .
Nina is president of her class, and she has to give her principal a speech on what her class plans to do with their budget. She has planned out word for word what she is going to say. This is an example of a manuscript speech.
A manuscript speech is a pre-written speech that the speaker reads from a paper. It is used when precision, timing, and accuracy are crucial, for instance, when the speaker wants to communicate a technical and complex subject.
The following are the defining characteristics of a manuscript speech: It is scripted word-for-word. It is composed of complete sentences and paragraphs.
It is formal in tone and style. It is ideal for speeches with complex content, such as legal or scientific talks.It requires a lot of practice to be delivered effectively.
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I was the Internet or originally constructed
Answer:
i can't help if i don't know what's the question?
(1) An S corporation must possess which of the following characteristics?
a. Not more than one hundred shareholders.b. Corporation organized in the U.S.c. Only one class of stock.d. All of the above are required of an S corporation.e. None of the above are required of an S corporation.
An S corporation is prohibited from going public and is only permitted to have 100 shareholders, which restricts its ability to raise money from new investors.
Thus, the correct option is A.
What is S corporation?A business form known as a S corporation is one that is allowed by the tax code to distribute its taxable income, credits, deductions, and losses to its shareholders directly.
This provides it certain advantages over the more popular C corp. The S corp, an alternative to the limited liability company, is only available to small firms with 100 or fewer stockholders (LLC).
S corporations and LLCs are both referred to as "pass-through entities" because they don't pay corporate taxes; instead, they pay their shareholders, who are then in charge of paying the necessary taxes.
The Internal Revenue Code's Subchapter S, which they have chosen to be taxed under, gives S corporations their name.
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When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.
The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.
A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.It do occur when government give that control to a firm on essential service such as water treatment.
Therefore, option B is correct.
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Answer:
B. a natural monopoly.
Explanation:
1. Identify the nature of each of the transactions (a) through (f). Specifically, what activities cause the accounts to increase and decrease?
Each of the transactions listed in the question affects different accounts in different ways. Here is a breakdown of the nature of each transaction and how it affects the accounts:
(a) Purchase of equipment for cash: This transaction causes the Equipment account to increase and the Cash account to decrease.
(b) Payment of wages: This transaction causes the Wages Expense account to increase and the Cash account to decrease.
(c) Collection of accounts receivable: This transaction causes the Cash account to increase and the Accounts Receivable account to decrease.
(d) Sale of merchandise on account: This transaction causes the Accounts Receivable account to increase and the Sales Revenue account to increase.
(e) Payment of rent: This transaction causes the Rent Expense account to increase and the Cash account to decrease.
(f) Receipt of cash from sale of stock: This transaction causes the Cash account to increase and the Common Stock account to increase.
Overall, the nature of each transaction is determined by the activities that cause the accounts to increase and decrease. By understanding how each transaction affects the accounts, you can accurately identify the nature of each transaction.
Employees tend to stay with one company for their entire careers.
Please select the best answer from the choices provided
OTrue
OFalse
Answer:The answer would be true, unless the employee had to leave for personal reasons
Explanation:
true or false? you should revisit your kpis every 18 months.
Answer:
false
have a nice day!!!
Which of the following refers to analyzing what customers think of your brand?
Brand audit
Brand equity
Brand positioning
Brand survey (Not the answer)
Answer:
Brand survey.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Similarly, secondary market research can be defined as a method designed to determine the demographics of a particular target market.
Hence, brand survey is a form of market research and analysis that involves making inquiries from the users of a company's product to find out whether or not they are satisfied and to determine how to better the service and product.
This ultimately implies that, brand survey is a strategic process that typically involves analyzing what your customers think of your brand.
Answer:
Brand Equity
Explanation:
Just took the test
hurry!!
Emergency management plans exist to address what three things?
starvation
response
dehydration
recovery
pet safety
preparedness
Emergency management plans exist to address the three things are preparedness, recovery and response. The correct option is (B, D & F).
What do you mean by the Emergency plans?
The word describes the actions you take to ensure your safety before, during, and after a crisis or incident. Your safety in both natural and man-made calamities depends on these plans.
The current paradigm categorises disaster management into four phases: mitigation, readiness, response, and recovery. Each of these phases is the subject of entire courses.
Conducting a risk assessment to identify potential emergency scenarios is the first stage in creating an emergency response plan.
Therefore, Emergency management plans exist to address the three things are preparedness, recovery and response.
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Quentin manages a personal care company that focuses on shampoo, conditioner, and body wash. One of his roles is structuring the company's resources and activities to accomplish its objectives efficiently and effectively. What management function does this example pertain to?
The management function that structures the resources and activities to accomplish its objectives efficiently and effectively is known as Organizing.
What is Organizing in management?An Organizing function means a management function that assembles people, organizes resources and distributes the planned work necessary to carry out the managers plan.
In conclusion, the organizing function is very important because its ensures an effective role-job-fit for every employee in the organization.
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E-Tech Initiatives Limited plans to issue $550,000, 10-year, 3 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 95. (Deductions should be indicated by a minus sign. )
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)
As of January 2, 2019
Carrying Value
This is how the bonds issued by E-Tech Initiatives Limited on January 1, 2019, will be shown on its balance sheet on January 2, 2019:
E-TECH INITIATIVES LIMITED
Balance Sheet (partial)As of January 2, 2019
Long-term Liabilities:
Bonds Payable (Carrying Value)
Face value = $550,000
Discounts (27,500) $522,500
How is the carrying value of bonds payable shown on the balance sheet?The carrying value of this bond equals its par or face value ($550,000) plus any unamortized premiums or less unamortized discounts ($27,500).
Thus, the net amount between the par value and the premium or discount is called the carrying value which is reported on the balance sheet.
Data and Calculations:Face value = $550,000
Maturity period = 10 years
Interest on bonds = 3% annually
Issue value = 95
Price = $522,500 ($550,000 x 95%)
Discount = $27,500 ($550,000 x 522,500)
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An organizational ______ is someone whose accomplishments embody the values of the organization and whose accomplishments are put forth to motivate other employees to do the right thing.
An organizational hero is someone whose accomplishments embody the values of the organization and whose accomplishments are put forth to motivate other employees to do the right thing.
A "hero culture" refers to a company or functional division of a company that is driven by a team of diligent, extraordinarily gifted "heroes" that operate solely on their strength, determination, and expertise.
Because others in the company frequently purportedly lack the information, judgement, experience, training, or skills necessary to perform the job, the business's heroes put in the long hours to get the job done.
It is challenging to change an operational culture centered on business processes from a hero culture.
The core group of highly brilliant and motivated individuals that make up the core of organizations that meet the hero culture profile are known for their quick development.
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how do i get an egg out of my fridge????? HELP NEED TO KNOW ASAP
Answer:
open fridge!!!
Explanation:
STEP 1: open fridge
STEP 2: find the egg then grab with hand!!!!!!!!
(Its really hard!!)
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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you purchase the following bond. the bond makes interest payments on may 15 and nov. 15 of every year: a b 1 purchase date 4/7/2022 2 price (% of par) 88.15 3 face value $1,000 4 coupon rate 5.4% 5 maturity date 11/15/2032 6 payment frequency semiannual 7 day count basis 30/360 attempt 1/10 for 10 pts. part 1 what is the bond's ytm using excel's yield function?
You purchase the following bond. the bond makes interest payments on May 15 and nov. 15 of every year purchase date 4/7/2022 .
In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.
For example, if you borrow $100 at an interest rate of 5%, you will return $105 to the lender who borrowed the money. The lender makes him $5 in profit. There are many different types of interests that you may encounter in your life. Each loan has its own interest rate, which determines how much you actually borrow.
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Which is a better deal on a $200 item: 33% off original price or 20% off and additional 15% off at the register?
33% off original price
20% off and additional 15% off at the register
Answer:
Finding the original price given the sale price and percent discount
Type the correct answer in the box. Spell all words correctly.
What need is influenced by an individual’s personality, culture, and environment?
______ are needs that are influenced by an individual’s personality, culture, and environment, while needs are essential to human life.
Answer:
WANTS are those needs(things that u don't need that moment like cars etc) which influence one personality, culture and environment.An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answer:
the answer is planning, ensuring, and acting
mario's home systems has sales of $2,880, costs of goods sold of $2,220, inventory of $516, and accounts receivable of $436. how many days, on average, does it take mario's to sell its inventory? assume a 365-day year.
84.83 days on average, Maria takes to sell all its inventory if the cost f goods sold is $ 2,220. Option D is correct.
Inventory Turnover Ratio = COGS / Inventory
= 2220/516
= 4.3023
Time taken to sell inventory = 365 / Inventory Turnover Ratio
= 365/4.3023
= 84.83 days
In business, a measure of a company's efficiency is a turnover ratio. It is determined by dividing the annual liability by the annual income. We divide the number of employees at the beginning of a given period by the number of terminations during that period to determine the turnover rate.
Turnover analysis looks at how people change when they leave or stay in an organization to find: how many workers quit. the factors that lead people to leave or stay The expense of turnover connected with an interruption of business coherence.
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Complete question as follows:
Mario's home systems has sales of $2,880, costs of goods sold of $2,220, inventory of $516, and accounts receivable of $436. how many days, on average, does it take mario's to sell its inventory? assume a 365-day year.
A. 83.68 days
B. 71.68 days
C. 55.26 days
D. 84.83 days
E. 65.40 days
Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age
An Investment Adviser Representative buys shares of ABC in his own personal account and then contacts his clients and advises them to buy ABC. This practice is known as
Answer:
Front running
Explanation:
In simple words, Front-running can be understood as the broker's selling in stock items or some other ongoing financial commodity that has insider information of a potential sale that is going to greatly impact its value. A broker might be front-running on the basis of insider information that his or her business is about to present customers with a buy or sell suggestion that would almost definitely impact an investment's price.
When might a manager change a principle?
A manager might change a principle when it is no longer feasible or effective for the organization.
What do you mean by principle?
A principle is basically a fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning. It is a standard or rule that you use to make decisions about what is right and wrong, and to guide your behavior.
For the given statement, we can take an example of how if a company decides to focus on a new business model, the principles that guide its operations may need to be updated to reflect the new direction. Additionally, if a principle is out of date or no longer applicable, a manager may choose to change it in order to ensure the organization remains competitive.
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The Bridal Shop bought a dress from a supplier for $105 wholesale and applied a 65% markup to the price. If a 7. 5% sales tax were added after a 20% discount was used, what would be the total cost to purchase the dress?.
Based on the various additions as well as discount, the total cost of the dress would be $149.00
The cost of the dress after the markup would be:
= Wholesale cost x ( 1 + markup)
= 105 x (1 + 65%)
= 105 x 1.65
= $173.25
After the discount, the cost is:
= 173.25 x (1 - 20%)
= $138.60
The cost after the sales tax is:
= 138.60 x (1 + 7.5%)
= $148.995
= $149.00
In conclusion, the cost of the dress is $149.00
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firms are typically more successful when they focus on opportunities that build on their strengths relative to those of their competition. (true or false)
The given statement ''firms are typically more successful when they focus on opportunities that build on their strengths relative to those of their competition.'' is true.
What do you mean by business firm?A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership.A company, such as a corporation, is a business organisation that manufactures and sells products and services with the intention of generating income and turning a profit.A business firm is either a partnership or a Sole proprietorship. It may be owned by a person or a business (e.g. Pte Ltd). Being a "legal person," a company is able to establish and own a business entity. A business firm cannot register another business firm since it is not a legal entity.
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2-3 personal experience of exploitation as a consumer
Answer:
Explanation:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
At a local grocery store, travis, the produce department manager, has eight direct reports in his department, while rayah, the meat department manager, oversees 12 employees. which of these statements about span of control is accurate?.
Rayan had more span of control than Travis.
What is span of control?It helps to describe the channel of command in an organization.
It can also help to know how many individual works directly under a superior or head.
The number of people that are managed by a superior will determine his or her span of control.
Therefore, Rayan had more span of control than Travis
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