Businesses have a responsibility to make a profit in order to serve society.
a. true
b. false

The compression approach to managing innovation assumes that innovation is a predictable process that can be planned using a series of steps and reducing the time it takes to complete those steps can speed up the innovation process.

A compression approach to innovation works nicely for the duration of intervals of incremental change. This method assumes that innovation may be planned using a series of steps and that compressing the time it takes to complete those steps can accelerate innovation.

The experiential approach is used to establish a new dominant layout, whereas the compression approach is used to enhance the feature of an existing dominant design.

An innovation process is a fixed of steps between a concept's conception and its implementation. it is a streamlined method that is managed in a manner that displays an organization's structure and innovation goals.

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Fiona signed an agreement to either buy or not buy nick’s vacant lot for $310,000 by a specific date. This agreement is called a bilateral contract.

A bilateral contract is a contract which is made between two parties. Under this contract, both parties make promises to each other on the terms and conditions. In this contract, the promise of one party turns into a consideration of the other party. It is the most common kind of contract which is binding in nature.

Fiona signed a contract promising to either purchase Nick's vacant lot for $310,000 by a certain date or not. It's referred to as a bilateral contract.

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The comparison of the actual results of capital investments to the projected results is referred to as post-audit.

The payback method determines how long it will take for the company to recoup its investment. Annual cash flows are compared to the initial investment, but the time value of money is not considered and cash flows beyond the payback period are ignored.

Companies apply the time value of money in a variety of ways to make yes or no decisions about investment projects and between competing projects. Two of the most common methods are net present value and internal rate of return (IRR).

The minimum return on the capital investment required by management is called the return on investment. The collection method considers cash flows that occur both during and after the collection period.

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the major reason that smoke control should be considered in planning a fire protection system is smoke can spread out to great distances from the origin of a fire.

Smoke is a collection of airborne particulates and gases released when a material burns or pyrolyzes, as well as the amount of air entrained or otherwise mixed into the mass.

Smoke is a medium greenish-gray hue with the hex code #848884, one of many shades having the word "smoke" in their name.

Smoke is a collection of tiny unburned particles, including very small carbon particles and tar droplets. Smoke is made up of microscopic solid, liquid, and gas particles. Despite the fact that smoke can contain hundreds of different compounds and gases, visible smoke is largely composed of carbon (soot), tar, oils, and ash.

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The total amount of carbon fixed into organic matter through photosynthesis (or chemosynthesis) in a given unit of time is known as Gross primary production.

Gross productivity generally is the rate of energy capture.

Net efficiency is lower: its net efficiency is balanced for the vitality utilized by the living beings in respiration/metabolism, so it reflects the sum of vitality put away as biomass.

The whole vitality settled by plants (autotrophs) in a community through photosynthesis is alluded to as net essential efficiency (GPP).

Since all the vitality settled by the plant is changed over into sugar, it is hypothetically conceivable to decide a plant’s vitality take-up by measuring the sum of sugar delivered.

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To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations.

The marginal cost in economics is the change in total cost that occurs when the quantity produced is increased, or the cost of producing additional quantity.

According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.

Marginal cost is an important concept in economic theory because a corporation seeking to maximise profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.

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Bill signed up for a mobile phone contract with at&t. bill pays a fixed monthly charge for the phone service plus a per-minute charge for use of the phone. this is an example of Two part pricing

Two-Part Pricing (also known as Two-Part Tariff) = A form of pricing in which consumers are charged both an entry fee (fixed price) and a usage fee (price per unit). An example of two-tiered pricing is a phone plan that charges a fixed monthly fee and a fee per minute of phone usage.

Two-part pricing (TPT) is a form of price discrimination in which the price of a product or service consists of two parts: a flat fee and a unit fee. Generally, such pricing techniques only occur in partially or completely monopolistic markets. It is designed to help businesses capture more consumer surplus than they would in a non-discriminatory pricing environment. Split fees can also exist in a competitive market if consumers are not sure of the ultimate demand.

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Carmex is utilizing a penetration pricing  strategy with its lip balm products.

The correct option is B

A pricing approach known as penetration pricing involves initially setting a product's price low in order to quickly reach a large portion of the market and spur word-of-mouth marketing. The marketing plan is that because of the cheaper price, consumers will migrate to the new brand.

One month of free internet service has been offered by a brand-new telecommunications provider to users. Since the telecommunications business offered its internet services for free for the first month in order to enter the market, this is an example of penetration pricing.

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I understand that the question you are looking for is:

Most new Carmex products are priced between $0.99 and $2.99, well within reach of the price sensitive mass consumer market. Carmex is utilizing a _________ strategy with its lip balm products.

A) skimming pricing

B) penetration pricing

C) prestige pricing

D) price lining

The  strategy that  provides an example of a current marketing era, which focuses on exceeding customer expectations is B.Adventure Hotels is all about the experience. Then goal is to make certain that every guest leaves their properties with a better feeling than when they first arrived. The CEO of Adventure says, "We want you to think of our brand first when you make a hotel reservation."

A marketing strategy serves as the  business's overall game plan  that is been used by the firm in prospective consumers as well as  turning them into customers.

They use this so as to be able to sell of their products or service, it should be noted that company's value proposition as well as  key brand messaging is very essential here.

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CHECK THE COMPLETE QUESTION BELOW:

Which of the following strategies provides an example of the most current era whose principles today s businesses are embracing? Slick Willy Car Sales always has a large stock of pre-owned cars at great prices. You can almost always get a car for about 30-40% cheaper than at another car sales company, but you buy it "as is." without any warranties. Adventure Hotels is all about the experience. Then goal is to make certain that every guest leaves their properties with a better feeling than when they first arrived. The CEO of Adventure says, "We want you to think of our brand first when you make a hotel reservation." Backstreet Books, Ltd., is known for stocking the top ten books on the monthly best sellers list. These books are almost always available at a reasonable cost to the bookstore, and they usually fly off the shelves. Backstreet Books sees this as a win-win situation for themselves and their customers. At International, a smart phone manufacturer, the production line is a 24-hour operation, even if demand is tepid.

The correct option is C.

institutionalizing ethics.

The incorporation of ethical principles into organizational decision-making procedures is known as institutionalizing ethics. Both explicit and tacit institutionalization of ethics is possible (Singhapakdi & Vitell, 2007)

The process of establishing consistency and uniformity in the organization's approach to process implementation is known as institutionalization. It is advantageous for all individuals and groups within the organization to adhere to the same standards.

Institutionalizing ethics refers to integrating moral safeguards into a business' daily operations.

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The Industrial Revolution changed society and brought about the transformation of an economy based on producing raw materials to one based on the production of finished products.

The Industrial Revolution converted economies that were based on agriculture and handicrafts into economies based on massive-scale industry, mechanized manufacturing, and the manufacturing facility gadget. New machines, new energy sources, and new ways of organizing work made current industries extra efficient and efficient.

These are the first three industrial revolutions that transformed our modern society. With each of these three advancements—the steam engine, the age of science and mass production, and the rise of digital technology—the world around us fundamentally changed.

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"Defamation of character"

Is a catch-all term for any statement that hurts someone's reputation. Written defamation is called "libel," while spoken defamation is called "slander." Because written statements last longer than spoken statements, most courts, juries, and insurance companies consider libel more harmful than slander.

Defamation is not a crime in most states, but it is a "tort" (a civil wrong, rather than a criminal wrong). The person who has been defamed (the "plaintiff") can sue the person who did the defaming (the "defendant") for damages.

Defamation law tries to balance competing interests: On the one hand, someone shouldn't be able to ruin your life by telling lies about you; on the other hand, people should be able to speak freely without fear of litigation over every insult, disagreement, or mistake. Political and social debate is important in a free society, and we obviously don't all share the same opinions or beliefs. For example, political opponents often reach opposite conclusions from the same facts, and editorial cartoonists often exaggerate facts to make their point.

How Do You Prove Defamation?

Defamation happens when a person makes a false statement—verbally or in writing—about someone else that damages that person's reputation. Defamation laws vary from state to state, but the basic principles of defamation law are the same in every state.

A plaintiff suing for defamation typically must show:

Defenses to Defamation Lawsuits :

Defamation claims are complicated and hard to prove because defamation laws have to strike a balance between allowing people to protect their reputations and allowing the free exchange of information, ideas, and opinions.

You can defend yourself against a defamation lawsuit if the statement you made was:

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Inflation expectations create a self-fulfilling prophecy because people who expect rising prices will increase the  demand  and  increase in demand will raise the price level.

This is because of law of demand.

The law of demand is  the most common fundamental concept used  in  the economics. It works in relation to the law of supply in order to explain how market economies allocate the given resources and determine the prices of goods and services that are observed in everyday transactions.

The law of demand also states that the quantity purchased by consumers  varies inversely with price. In other words, the greater the price, the lower the demanded quantity will be.

This happens because of diminishing marginal utility. It means that consumers use the first units of an economic good  purchased by them to serve their most urgent needs first, and then after they use each additional unit of the good to serve their each lower-valued ends.

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An investor learns that specific events have a significant impact on stock values. The weak variant of the efficient market hypothesis is broken by this discovery. An investor is any individual or other entity (such as a business or mutual fund) who invests money with the hope of making a profit.

Investors depend on a variety of financial instruments to generate a rate of return and achieve crucial financial stock like saving for retirement, paying for a child's school, or just collecting more wealth over time. To achieve their financial goals and objectives, investors use a variety of financial instruments to produce a return.

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The sell signal is triggered when the price breaks downwards through the neckline heading down from the right shoulder.

A sell signal is any indication that a trader should sell an asset. Fundamental or technical analysis is generally used to generate sell signals. Sell signals can be automatic, as with a stop-loss order, or they can simply notify the trader to sell and they must then execute the sell order manually.

The term "strong sell" refers to equities that a sell-side analyst predicts will drastically underperform the general market in the near term. A strong sell rating is a pessimistic recommendation for a stock that the analyst believes investors should avoid in their portfolio.

MACD provides four signals at its most basic level: When the MACD line crosses above the zero line, it indicates a positive trend.

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Therefore, the net effect of an increase in the price level in the united states is that the amount of u.s. goods and services that are purchased will decrease.

Assuming the price level in the United States increases compare to  other countries which  means that the United States will tend to export   little goods and services and and the US will import more or extra products  goods and services.

Hence, the net effect of an increase in the price level in the united states is that the amount of United States goods and services that are purchased will reduce or  decrease.

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Contracts for the sale or transfer of a hobby in the land, and. A contract that can't be achieved within 365 days of the making

The Statute of Frauds can be satisfied via any signed writing that

(1) fairly identifies the problem count number of the settlement,

(2) Is sufficient to suggest that a contract exists,

(3) States with reasonable reality the fabric phrases of the contract.

The statute of fraud is a commonplace law idea that calls for written contracts for sure agreements to be binding. The statute applies to land sales and maximum purchases of products over $500. There are widespread exceptions, such as oral contracts wherein paintings have already started out.

Contracts that cannot be completed within three hundred and 65 days have to be in writing. however, any contract with an indefinite period does no longer want to be in writing. irrespective of how long it takes to perform the obligations of the settlement if it has an indefinite length, it does not fall beneath the Statue of Frauds.

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Direct labor cost is $196,000.

Direct labor cost= Total manufacturing costs- Direct materials- manufacturing overhead

                          = $350000- $86000- $68000

                          = $196,000

The amount of money spent by a business on its manufacturing operations including materials —basically, how much it costs to make the goods that will be sold to customers—is known as total manufacturing cost.

Direct materials are any costs related to raw materials that are used directly in production (and have turned up as one of the main components of the product).Direct labor refers to the expenses incurred during the physical production of a good, i.e., the labor required to convert a raw material into a marketable good.

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The business letters are known to be essential base on the following

This is the term that is used to refer to the business letters which the people of a company are known to write to a different company. It is the way that the companies would carry out communications and interactions with themselves for several reasons.

These letters are said to essential based on the following points:

Recipients are located in another country. A permanent record is required.

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City will likely use these funds to to pay for road improvements.

Municipal bonds are debt instruments issued by states, cities, counties, and other public bodies to support operating expenses and capital projects such as the construction of schools, roadways, and sewer systems. When you buy municipal bonds, you are effectively lending money to the bond issuer in exchange for the promise of regular interest payments, generally semi-annually, and the return of your initial investment, or "principal." The maturity date of a municipal bond (the day when the bond's issuer repays the principal) might be years in the future. Short-term bonds mature in one to three years, whereas long-term bonds take more than a decade to maturity.

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As a general rule, the percentage of your time that should be set aside for each step of the three-step writing process is 50 percent for planning , 25 percent for writing , and 25 percent for completing the three - step writing process. Writing is a process that can be divided into three stages: Pre-writing, drafting and the final revising stage which includes editing and proofreading.

The first stage, one researches one's topic and makes preparatory work before one enters the drafting stage followed by the actual writing. The major groups are Prewriting, Writing, and Revising. The three key tasks or steps under each group are as broken down into those identified three-step writing processes.

Therefore, the correct answer as given above

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If the price of the common stock declines by 50 percent, the price of the convertible bond will also decline by the same percentage

If the stock price falls, the short seller profits by buying the stock at the lower price closing out the trade. Convertible bonds tend to offer a lower coupon rate or rate of return in exchange for the value of the option to convert the bond into common stock.

Thus, if the price of a convertible bond will move in tandem with the price of the common stock, so if the stock price declines, the convertible bond price will follow suit.

Hence, convertible bonds typically carry lower interest rates payments.

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I hope this helps Thankyou

Manfred can hire 5 workers to maximize profits as the products are sold for $6 each and there is enough production in an hour to hire 5 workers.

Worker is an employee who works for the company, the worker is also called a labor. Labor is paid on an hourly rate, or sometimes a piece of rate is paid in which the labor is paid as much as much production is done or in other words the units are made.

If Manfred hires 5 workers each will be paid $11 per hour, if the worker works for 7 hours a day the total pay for a worker is $77 per day per employee.

The total wages for the 5 workers will be $385 ($11/hour * 7 hours a day * 5 workers).

The total for the month assuming 22 working days will be $8,470 ($11/hour * 7 hours a day * 5 workers * 22 Days)

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A secondary meaning refers to a public meaning that is different from its meaning as a person's name or as a distinctive term, a public meaning that makes the name or term distinctive.

Secondary meaning is a concept which recognizes that words with a regular and distinctive meaning can become associated with a specific product. Secondary meaning refers to the process of acquiring distinctiveness.

For instance, the word apple has a public meaning, many people also recognize it for its second meaning. And, that the secondary meaning is specific to a brand of mobile phones, computers, watches, etc.

Hence, a secondary meaning refers to a public meaning that is different from its meaning.

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Environmental forces from the least to the most difficult to analyze based on the accessibility and subjectivity of the data are:

Basic needs potential, financial and economic forces, political and legal forces, cultural forces, competitive forces.

First Screening is done of basic needs potential : The basic need potential of some goods is influenced by various physical forces, such as climate, topography and natural resources.

Second Screening is done of  financial and economic forces : After the initial screening a  second screening is based on financial and economic forces.

Third Screening is done of political and legal forces: The elements of political screening are the barriers to entry-import/export barrier etc.

Fourth Screening is done of  cultural forces. Screening of the remaining candidates based on cultural factors is next and is a difficult process.

Fifth Screening is done of competitive Forces: In this screening, markets on the basis of competitive forces are examined such as the number,  financial strength and size of the competitors

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Mountain memories can be classified as a retailer.

What are the benefits of retailing?

Customer rapport is one benefit of retailers that both buyers and sellers can enjoy. Unlike internet retailers, retail establishments offer quick pleasure because customers may leave with their purchases right away. They also let customers examine the items they are purchasing up close.

What is effective retailing?

Running a successful retail business depends on having the right goods in the right quantity, at the right price, at the appropriate time and place. Process: A business is made up of a number of procedures that must be followed correctly in order to achieve its goals.

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Though markets can provide goods that are excludable but nonrival, they do so at the price of inefficiency

Explanation:

An excludable but non-rival product is also known as 'club goods'

Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.

This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.

An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.

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Firm's maximum profits are 40

Profit = revenue - cost

Revenue = price x quantity = 40 x quantity

Cost = 60 + 4 x quantity x quantity

So you have:

P = 40 x Q - 60 - 4 x Q x Q

To get the maximum value for P with respect to Q, differentiate and set it to 0.

That is, set dP/dQ = 0 and solve for Q.

Since P(Q) is quadratic, dP/dQ is linear, so solving dP/dQ = 0 is easy and there is one solution.

Q=5

revenue = 5 x 40 = 200

cost = 60 + 4 x 5 x 5 = 60 + 4 x 25 = 160

Profit = 200 - 160 = 40

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In an ideal world, market segmentation groups customers into relatively homogeneous groups or segments such that customers within a segment are similar to one another in business market.

In advertising, market segmentation is the technique of dividing a vast customer or enterprise marketplace, usually consisting of current and capacity clients, into sub-agencies of purchasers (referred to as segments) based totally on a few forms of shared traits.

In dividing or segmenting markets, researchers typically look for not unusual traits consisting of shared desires, common interests, comparable lifestyles, or maybe similar demographic profiles. the general intention of segmentation is to discover excessive yield segments – that is, those segments that are probably to be the maximum profitable or which have growth ability – in order that those may be decided on for special attention (i.e. come to be goal markets).

Many extraordinary ways to phase a marketplace have been identified. business-to-enterprise (B2B) sellers may segment the marketplace into unique types of organizations or countries, at the same time as business-to-customer (B2C) dealers might section the marketplace into demographic segments, consisting of life-style, behavior, or socioeconomic repute.

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