Find out what young musicians want to accomplish and what is important to them as first stage in the marketing process. Marketing process indulges strategies to generate value for consumers to meet their needs. Customers and businesses engage in a cycle of actions and responses as a steps to add value and meet customer needs.
In marketing process, environment is analyzed to find opportunities, value proposition strategy is developed, tactical decisions are made, plan is carried out, and results are tracked. Strategic marketing analysis, marketing mix planning, marketing implementation, and marketing control make up the four steps of marketing process.
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In a cost-benefit analysis, hardware maintenance and repairs is generally considered a(n)?
In a cost-benefit analysis, hardware maintenance and repairs are generally considered operating costs.
Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility. They represent the cost of the resources an organization uses just to stay in business.
Companies must keep track of both running expenditures and expenses related to non-operating activities, such as interest payments on loans. Because the two costs are recorded differently in a company's books, analysts can assess how the costs are related to its revenue-generating operations and whether they can be handled more effectively.
When operating costs are cut too deeply, a company's productivity suffers, which also affects its profitability.
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Giving workers explicit instructions to meet the goals and objectives of the organization is _______.
Giving workers explicit instructions to meet the goals and objectives of the organization is directing.
What do you mean by directing?
Planning, organizing, and staffing are merely pre-work activities; directing initiates the action of individuals. For the purpose of achieving organizational objectives, direction is a component of management that deals specifically with persuading, directing, monitoring, and motivating people.
Directing assistance to encourage organization members to take the first steps toward achieving targeted goals. For instance, if a manager helps his employees complete tasks and answers any questions they have, it will enable them to meet their assigned job goals.
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A single-price monopoly is producing at an output level where marginal revenue is $15, marginal cost is $13, and price is $20. This monopoly is?
The monopoly is maximizing its profit but still should decrease output to earn even more profit. A market structure characterized by a single seller selling a market-exclusive product. The seller has no competition in a monopoly market because he is the sole seller of goods with no close substitute.
The Monopoly occurs when one market is the sole provider of phone service in a given area. A cat is the only pet that can be aloof, which is an example of monopoly. A monopoly is a phone company that is the only provider of phone service in a given area.
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Samantha is the project manager. however, she has decided to allow her team members to work under their own direction without interference. which leadership style is samantha using?
The laissez faire style of leadership can be said to be the style that Samantha is using given that she has decided to allow her team members to work under their own direction without interference.
What is the term leadership styles?This is the term that is used in an organization to talk about the way that the people in the top positions are able to manage the teams of people that they have working in the organization.
The laissez faire is one of the types of leadership. This particular style of leadership has to do with the fact that the leader would try not to interrupt the team. They would leave them to work on their own with reduced guidance.
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What is the most appropriate use of competitors in the development of new-product ideas?
Assessing the strength and weaknesses of competitors' products is the most appropriate use of competitors in the development of new product ideas.
There are simple steps you need to take before developing the marketing mix. the primary is to identify your overall goal or marketing approach. the second is to identify your target market.
Companies need to follow steps like idea development, the screening of the latest ideas, enterprise evaluation, product improvement, test marketing, and commercialization.
SWOT analysis is a framework for figuring out and studying a business enterprise's strengths, weaknesses, opportunities, and threats. These phrases make up the SWOT acronym. The primary intention of SWOT analysis is to increase awareness of the elements that go into making a business decision or organizing a business strategy.
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What is the 3rd party confidential hotline that the Board has established for employees to use to report conflicts of interest or other ethical concerns fort bend isd
The SAFE hotline is the 3rd party confidential hotline that the Board has established for employees to use to report conflicts of interest or other ethical concerns for bend ISD.
Employees and other interested parties can report possible fraud, ethics violations, and other problems to SAFE Hotline, an independent third-party Ethics Hotline provider, in a private, confidential manner.
SAFE Hotline serves nonprofit organizations as well as for-profit companies. The service is a practical technique to help uncover occurrences before they cost the company money, assets are stolen, there are legal repercussions, or its reputation is tarnished.
With the help of a case management application, your business may monitor, examine, and add case notes and documents to submitted reports. Additionally, the case management system enables you to provide users access to only the cases they are currently looking into.
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When out-groups are disregarded in a team, ______ is often decreased in the team.
When out-groups are disregarded in a team, as a whole is more likely to experience is often decreased in the team.
Effective teamwork can have an immediate positive impact on patient safety and outcomes. Rising comorbidities and increasing complexity in nursing specialties increase the need for effective teams. Gone are the days when doctors, dentists, or other healthcare professionals in a healthcare facility could only provide quality care that satisfied their patients.
The evolution of healthcare and the global demand for quality patient care requires parallel development of healthcare professionals with an emphasis on a patient-centered teamwork approach. This can only be achieved by putting patients at the center of their care and by sharing a broad culture of values and principles. This helps form and develop effective teams that can provide excellent patient care.
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To establish an effective customer service program, what should be completed first?
To establish an effective customer service program customer service quotient should be completed first.
A customer service program formalizes the level of customer service which you aim to provide the customers. In creating and evaluating your customer service program, avoid too much internal analysis. Instead, ask customers their perceptions of responsiveness, efficiency, and courtesy.
In order to establish an effective customer service program customer service quotient is important. Customer service quotient is the capacity of a company or a brand to build strong relationships with its customers. Thus, this required research and strong commitment to work
Hence, the answer is given and explained above.
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If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price of $10, the total quantity supplied by all three firms is?
If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price of $10, The total quantity supplied by all three firms is =10+20+5=25
in a competitive market p= mc.
Here p is given as $10
Thus MC = 10
first firm-
MC1 =Q1
ie, 10=10
=10 quantity supplied
Firm 2
MC2 =.50Q2
10=0.50(Q2)
Q2=10/0.50=
= 20 quantity supplied
Firm 3
MC3 =2Q3
10=2(Q3)
Q3 =10/2=5
= 5 quantity supplied.
In economics, marginal cost is the change in total cost that occurs when output increases, the cost of producing additional quantity.
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The family and medical leave act of 1993 requires that employers allow eligible employees to take a maximum of _____ during any 12-month period
The family and medical leave act of 1993 requires that employers allow eligible employees to take a maximum of twelve weeks during any 12-month period.
The entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not taken leave.
An family and medical leave act worker is entitled to as much as 12 workweeks of depart for most qualifying reasons or up to 26 workweeks of family and medical leave act leave for army caregiver go away. The employee's actual workweek is the basis for figuring out the worker's family and medical leave actdepart entitlement.
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Failure of leaders to recognize, attend to, and honor diversity can hinder innovation because?
Failure of leaders to recognize, attend to, and honor diversity can hinder innovation because Employees are less likely to openly share ideas.
We found that the vast majority of businesses fall short of realizing their full potential for innovation after surveying 1,800 men and women in white-collar jobs at companies with 50 or more people and speaking with dozens of Fortune 500 executives, team leaders, and employees.
Either CEOs lack the ability to recognize the value in ideas from people who think differently than they do, or they fail to foster the kind of culture that would allow for the development of concepts capable of capturing the markets with the greatest growth rates.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
What is rule-of-thumb?A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
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The short run is a time period that is Group of answer choices long enough to change the size of the firm's plant. too short to change the size of the firm's plant. too short to change the amount of labor hired. too short to change the amount of any resource the firm employs. equal to a day.
The short run is a time period that is too short to change the amount of any resource the firm employs.
What is a short run?This refers to the concept that states that at least one input is fixed while others are variable and also expresses the idea that an economy behaves differently depending on the length of time it has to react to certain stimuli.
Hence, as it means the time period during which at least one of the firm's inputs is fixed, it is also the time period that is too short to change the amount of any resource the firm employs.
In the concept, all the production process that takes place in the short run applies more of the variable factors (such as labour for example) to the fixed factor (capital, land)).
Therefore, the Option D is correct.
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During July of the current year, the management of Genuine Spice Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 1,500 cases at $100 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: Cases Cost
Estimated finished goods inventory, August 1 300 $12,000 Desired finished goods inventory, August 31 175 7,000 Materials Inventory: Cream Base (ozs.) Oils (ozs.) Bottles (bottles) Estimated materials inventory, August 1 250 290 600 Desired materials inventory, August 31 1,000 360 240
There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data from January.
Required:
1. Prepare the August production budget.
2. Prepare the August direct materials purchases budget.
3. Prepare the August direct labor budget. Round the hours required for production to the nearest hour.
4. Prepare the August factory overhead budget. If an amount box does not require an entry, leave it blank. (Entries of zero (0) will be cleared automatically by CNOW.)
5. Prepare the August budgeted income statement, including selling expenses. NOTE: Because you are not required to prepare a cost of goods sold budget, the cost of goods sold calculations will be part of the budgeted income statement.
Based on the August Production Budget, from the information provided, the total units to be produced are:
1, 375 cases. See the attached image for the production budget.
The production budget computes and estimates the number of units of a good that must be produced, and is calculated by summing up:
the sales forecast and the planned amount of finished goods inventory to have on hand.What is Direct Materials Purchases Budget?The amount of material that must be purchased to meet the production budget is determined by a direct materials purchasing budget. This is computed for every manufacturing period, which is often monthly or quarterly.
See the attached image for the direct materials purchasing budget.
What is the Direct Labor budget?To determine how many work hours will be required to create the items listed in the production budget, the direct labor budget is utilized. A more intricate direct labor budget will compute both the overall number of hours required and the breakdown of those hours by labor type.
See the attached image for the direct labor budget.
What is factory overhead budget?With the exception of direct expenditures, which are already covered by the direct material budget and the direct labor budget, the factory overhead budget lists all projected manufacturing expenses required to generate the budgeted output level for a period.
See the attached image for the actual budget.
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4. Throughout life, most people will experience many different parts of the employment process. Examine and explain the steps that occur in the early stages of employment, such as the steps in the job application process (including references and proper documentation), and how one might prepare for explaining gaps in employment in a job interview.
The steps that occur in the early stages of employment, such as the job application steps and preparing for a job interview, can be arranged in the following order:
Assessment of recruitment and selection needsAssembly of the personnel request documentSetting up the recruitment and selection planJob descriptionAdvertising in channels aligned with potential candidatesReach through headhunters and recruitersPreparing the interview processInterview with the candidateWhat is the importance of human capital in an organization?Nowadays, where there is a great increase in competitiveness, organizations are able to stand out through innovative ideas coming from their team, which generate market positioning, reliability and the creation of an organizational culture focused on development, cooperation and creativity.
Therefore, in the recruitment and selection process, the HR department must prepare a strategic hiring plan to reach professionals aligned with organizational needs and values, while the professional must prepare for the interview process by knowing about the company and the characteristics of the job.
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The 20/60/20 rule states that the total percent of employees who might be influenced to commit a fraudulent act is:__________
The 20/60/20 rule states that the total percent of employees who could commit a fraudulent act is 60% - 80%.
More about the fraudulent employees :
Basically, it's a non-scientific ratio intended to illustrate how the workforce will typically fall into one of three categories whenever a significant organizational change is anticipated
What it tries to say is:
20 percent will be on board and prepared to make the modifications as needed. 60 percent of people will be aware of the need for change, even though they are still dubious about it. 20% won't be participating at all. While it is the responsibility of the leader to advocate for change, it is unlikely that there will ever be a time when all employees are on board.
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What problems might face a company that focuses mainly on its most profitable customers?
Although the customer is unquestionably the cornerstone to a successful organization, client centricity has several drawbacks, ranging from financial to innovation-related areas.
The drawabacks can be listed as:
Budget-CostBusinesses create customer-focused policies in an effort to impress and keep consumers, but doing so can be expensive and may not be financially prudent.
Not every customer is equivalent!Although the customer is always right, not all customers are suitable for your company. So, building just a customer based approach can harm your business.
Customers are unsure too!Many marketers feel that if a company is consumer-focused, it will learn what the clientele truly desires and prosper.
While it's crucial for businesses to pay attention to their customers, they also need to know when to shift their attention away from them.
Love the Customer, but Don't Expect Love in ReturnAccording to conventional knowledge, clients are more loyal to companies that go above and beyond their expectations; nonetheless, your customers may betray you in order to get the cheap, satisfying solutions they actually desire.
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If a government wants to obtain the maximum tax revenue it should Part 2 A. not assess the highest possible tax rate. B. assess the highest possible tax rate. C. use static tax analysis. D. use an ad valorem system for collecting taxes.
If a government wants to obtain the maximum tax revenue it should not assess the highest possible tax rate
The majority of the government's revenue comes from taxes. Taxes, which are imposed on people and businesses without their consent to fund governmental operations, are the government's main source of income. There are two different sorts of revenue receipts: tax revenue and non-tax revenue. Tax revenue is the money the government receives by collecting taxes.
The Receipt Budget, which is a component of the Union Budget's Annual Financial Statement, includes tax income. The outcome of applying a tax rate to a tax base is tax revenue. The proportion of GDP attributable to total tax revenue shows how much of the nation's output is taken in via taxes. One indicator of how much the government has resource control over the economy is tax revenue.
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To measure the strength of a currency, you can
measure the face value against what other
value?
A. market
B. intrinsic
C. foreign
What is the final stage (or level) inside supply chains that manage the production, marketing and delivery of tangible products?
Disposing of or recycling old products is the final stage (or level) inside supply chains that manage the production, marketing and delivery of tangible products.
What is Supply Chain Management?A supply chain is a group of people and businesses responsible for producing a product and getting it to the consumer. The raw material producers are the first links in the chain, and the last is the van that delivers the finished product to the customer.The importance of supply chain management may be seen in the reduced costs and improved productivity that come from an optimized supply network. Companies work to enhance their supply chains in order to lower costs and maintain competitiveness.To know more about Supply Chain Management with the given link https://brainly.com/question/18850093
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What is the maximum charitable deduction for a car donated by a taxpayer without itemizing?.
Most taxpayers can deduct up to $300 in charitable contributions without enumerating deductions.
What is maximum charitable deduction?The charitable contributions deduction reduces taxable income by permitting individual taxpayers and businesses to subtract contributions of cash and property to qualified charitable organizations. Taxpayers stand for individuals who pay a percentage of their income to the government as tax. This is not bearing to cost the taxpayer anything. Tax-payers exist individuals who pay a percentage of their income to the government as tax.
A taxpayer exists as a person or organization subject to pay a tax. Modern taxpayers may include an identification number, a reference number allocated by a government to citizens or firms. The term "taxpayer" generally represents one who pays taxes. Most taxpayers can deduct up to $300 in charitable contributions without enumerating deductions.
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If you hold mutual fund shares in your Roth individual retirement account, the taxes on reinvested income will be: Multiple Choice Deferred. Evaluated. None of these is correct. Payable immediately. Eliminated.
If you hold mutual fund shares in your Roth individual retirement account, the taxes on reinvested income will be evaluated.
A Roth IRA offers a variety of investments, including actively managed mutual funds and index funds. Index funds track a particular index and tend to be cheaper than actively managed mutual funds. Even seemingly small differences in fees can have a big impact on your retirement savings over time.
Mutual funds typically distribute these net capital gains to investors on an annual basis. Capital gains are taxable income even if they are reinvested. In January, you received your IRS Form 1099-DIV showing your share of the Fund's capital gains for the previous year.
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When both parties to a contract have erroneous assumptions about the same fact, it is known as a(n) ________.
When both parties to a contract have erroneous assumptions about the same fact, it is known as a mutual mistake.
What is mutual mistake?When both parties to a contract are erroneous regarding the same crucial piece of information, this is known as a mutual error. They disagree with each other. Although the parties are in agreement, they are in error. The contract is therefore voidable. Collateral errors do not grant the right to cancel. One that "does not go to the heart" of the contract is referred to as a collateral error. An error made by both parties must be material in order for it to invalidate a contract.The assumption pf risk is questioned when a significant error is made on a significant aspect of the contract or the contract's primary goal. Contractual provisions or prevailing tradition may be used to determine this risk.
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The _____ is an agreement that dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO). Group of answer choices Mercosur Maastricht Treaty International Monetary Fund Uruguay Round North American Free Trade Agreement
The Uruguay Round is an agreement that dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO). This is further explained below.
What is Uruguay Round?Generally, The following are the primary characteristics of the Uruguay Round Final Settlement: An agreement on agriculture with the goals of expanding market access, lowering export subsidies and tariffs, and removing non-tariff obstacles. An agreement about textiles that places a strong emphasis, in particular, on the gradual removal of quota limits
In conclusion, The Uruguay Round was an agreement that resulted in a significant reduction of trade barriers all over the globe and led to the establishment of the World Trade Organization (WTO).
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An example of price floor is a. minimum wages b. rent controls in new york c. both a and b d. none of the above
Option c. Both a and b are right as
a. Minimum wages and b. rent control in New York is an example of a price floor.
What is Price Floor?A fixed lower limit on a commodity's market price is known as a price floor. In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically create a price floor.
Types of Price FloorPrice floors are classified into two types:
A non-binding price floor is one that is lower than the current market price.A binding price floor is one that is higher than the prevailing market price.Price floors can be classified into two extremes:
A price floor of infinity is similar to making the exchange or sale of the commodity unlawful.A non-inclusive price floor of zero can be thought of as a requirement that the product not be given away for free.Therefore, Option c. Stating both options a. and b. are correct examples of Price Floor is the right answer.
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How much tax revenue does this tax produce for the government?
a. $18.
b. $30.
c. $6.
d. $36.
This tax produces $18 for the government.
What is tax?Taxes are necessary contributions levied by a government entity, whether local, regional, or national, on individuals or corporations. Taxation funds government activities such as public works and services such as roads and schools, as well as programs such as Social Security and Medicare.
A tax is a mandatory financial charge or other sort of levy imposed by a governmental entity on a taxpayer in order to fund government spending and related public expenses. as well as tax
Divide the cost of your goods or service by the tax rate. Divide the tax rate as a percentage by 100 to get the tax rate as a decimal. Then, in the multiplication procedure, use this number.
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If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will:____.
If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48. Average cost comprises fixed costs, such as production costs that are constant regardless of output.
The equipment and building space required to assemble a product are two examples of fixed costs. The average cost includes variable costs. All costs that change with that amount of production are included in the marginal cost of production. For instance, if a business needs to construct a brand-new facility.
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The conflict between owners employees suppliers and customers of a company is known as?
The conflict between owners employees suppliers and customers of a company is known as conflict of interests.
How do you resolve conflict of interest in the workplace?Every organization should strive to create an ethical and trusting culture by setting the right tone at the top. The tone at the top should include clear messaging on how to manage a conflict of interest, making everyone in your organization aware of this type of corruption.
Communicate with the other person.Concentrate on behavior and events rather than people.Pay close attention.Determine areas of agreement and disagreement.Determine the areas of contention.Create a strategy for resolving each conflict.Stick to your game plan.Expand on your success.To learn more about conflict of interest from the given link
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After the war was over, the population continued exchanging these certificates instead of converting them to silver. what type of money did this economy use?
The type of money the economy used, wherein certificates were used instead of silver would be called representative money.
Representative money is any medium of exchange. It was often printed on paper, normally called paper money. This could be exchanged for the commodity behind it. For instance, after the war, the population continued exchanging certificates instead of converting them to silver.
As the representative money is tied to a physical object, it is quite less prone to depreciation by inflation. This money is backed up by one or the other different things of value.
Hence, the type of money wherein certificates were used instead of silver is called representative money.
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Consider the information below for a purely competitive firm : if output is two units, then mr > mc > avc and output should be _________ .
Consider the information below for a purely competitive firm : if output is two units, then mr > mc > avc and output should be increased.