In digital markets: network costs decline. information asymmetry increases. switching costs decline. menu costs decline. search costs increase.

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Answer 1

In digital markets menu costs decline.

Digital marketing is also called online marketing which uses the internet and other online based digital technologies such as desktop, mobile phones and other digital media platforms in order to promote their products and services to a wider community.

In digital marketing, menu costs are a type of transaction cost which are  incurred by firms when they change their prices. Most firms change their prices infrequently because of the costs of changing those prices. In digital markets menu costs usually decline.

For instance, in a restaurant that has to physically print new menus when it changes the prices of its dishes.

Hence, in digital markets menu costs decline.

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Related Questions

The portion of a corporation’s net income that is paid out to the stockholders, instead of being retained in the business, is referred to as ______

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Answer: retained earnings

Explanation: Retained earnings are the amount of profit a company has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.

In the long run, the competitive firm's supply curve is the a. entire marginal-cost curve. b. portion of the marginal-cost curve that lies above the average-total-cost curve. c. upward-sloping portion of the average-total-cost curve. d. upward-sloping portion of the average-variable-cost curve. e. portion of the marginal-cost curve that lies above the average-variable-cost curve.

Answers

The long run will see the supply curve of a completive firm changing to the b. portion of the marginal-cost curve that lies above the average-total-cost curve.

What is the long-run supply curve in a perfect competition?

In a perfect competition, a company will only produce goods and services at a level where the marginal cost curve is above the average total cost in the long run.

This means that the supply curve will be the marginal cost curve but only the portion of this curve that is above the long-run average total cost curve.

The reason for this is that in the long-run., all the costs in a perfectly competitive firm are considered variable and so they can afford to avoid supply mishaps in the short term.

In conclusion, option B is correct.

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Suppose you purchased 500 shares of stock in 2020 for $15 a share, and the price now is $20 a share. if you sell the stock, then your capital gain is:_____.

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Suppose you purchased 500 shares of stock in 2020 for $15 a share, and the price now is $20 a share. if you sell the stock, then your capital gain is $33.3

Capital Gains Yield Formula =

CGY = (Current Price – Original Price) / Original Price x 100.

Given,

Original Price = 15*500 = 7500

Current Price = 20 * 500 = 10000

CGY = (Current Price – Original Price) / Original Price x 100.

CGY= (10000 - 7500) / 7500 * 100

= 2500 / 7500 * 100

= 33.33

Capital Gain is the component of total return on an investment, which occurs as a result of a rise in the market price of the security.

Take the selling price and subtract the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment. Finally, multiply the result by 100 to arrive at the percentage change in the investment.

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What are some of the obstacles perfroming to perfomring stress management strategies?

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Some of the obstacles in performing stress management strategies are, internal factors which influence your ability to handle stress, which include your nutritional status, overall health and fitness levels.

Stress management has obstacles as first, your body can't physically handle stress the same way it did when you were younger. Your body may have a harder time recovering from stressful events, as your heart and lungs may not have the capacity they once did.

There are also internal factors which influence your ability to handle stress. These factors include your emotional well-being, your ability to control stress through relaxation or other strategies, and the amount of sleep and rest you get.

Hence, these are the obstacles in performing stress management.

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What is the space between the buyer’s reservation price and the seller’s reservation price called?

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The space between the buyer’s reservation price and the seller’s reservation price is  called the Total surplus.

What is reservation price for buyer?

A reserve price or reservation price is a word frequently used in auctions and refers to the lowest amount a seller will accept as a successful bid. An alternate, less well-known definition is the highest price a customer will pay for a good or service.

What is producers reservation price?

The minimal price that buyers and sellers are ready to accept in order to buy or sell a good is known as the reservation price. It is the highest price a potential buyer or consumer is willing to pay for a good; for a seller or producer, it is the lowest price they are willing to accept.

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When a company seeks to match the benefits of a successful position while maintaining its existing position in offering customers a variety of differing services, what is this process called?

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The process when a company seeks to match the benefits of a successful position while maintaining its existing position by adding new features, services, and technologies into its current portfolio is called flexibility.

Why is flexibility important to a business?

It promotes achievement. People perform better because flexibility grants them autonomy, freedom, and balance. Higher productivity, loyalty, and satisfied workers are the results.

How does flexibility lead to success?

When you develop your leadership flexibility, you'll be able to respond to unforeseen occurrences and adjust to changes while still reaching your objectives.

Why is flexibility important in leadership?

In a social and economic context that is changing quickly, flexibility is a quality that is becoming more and more valued. Flexible leaders are individuals who can alter their leadership style or strategy in response to ambiguous or unforeseen situations. Additionally, adaptable leaders can evolve with the times.

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According to cohen, why is it important that our exposure to monsters, whether in books, in movies or on television, be temporary?

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Monsters don't like to fit easily into one type of category in the world. They are unnatural. They are unlike things that already exist in the world

What is unnatural?

Unnatural means weird, phony, or aberrant. If you colour your hair hot pink, it will appear unnatural, particularly to your conservative grandparents. A wild animal living inside someone's home is unnatural; it contradicts how the animal ordinarily lives in its native surroundings.

You can utilize not unnaturally to show that the situation you're describing is exactly what you'd expect given the conditions. It was a question Roy, understandably, found tough to answer. Jane was naturally irritated by Harry's meddling.

As a result, activities that work against that goal — that is, actions that prohibit another human from living a decent, happy life — are deemed 'unnatural' or 'immoral.'

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If a good is a necessity with few substitutes, then demand will tend to:a)be more price-elastic. b)be more price-inelastic. c)have price elasticity equal to 1. d)be the same as that of a luxury good

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If a good is a necessity with few substitutes, then demand will tend to be more price-inelastic

It means that demand will become more inelastic.

A necessary good has few substitutes. For necessary goods, the increase in price does not decrease the quantity demanded effectively.

Because the consumer has to buy that good in a particular amount even if the price of the good changes. Hence, the  demand for necessary goods is inelastic.

For the inelastic demand, the change in price does not change the quantity demanded effectively. Moreover, the good has few substitutes. The good is both necessary and with few substitutes.

The price elasticity of demand  is calculated by the below formula.

Price elasticity of demand=Percentage change in Quantity demanded/Percentage change in price

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Across the dow jones industrial average, what is the average stated book value as a percentage of the market value of a company's equity?

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5% is the average stated book value as a percentage of the market value of a company's equity. The amount of money that would be left in the hands of a company's shareholders if all of its assets were sold and all of its liabilities were paid in full is known as equity, sometimes known as shareholders' equity or owners' equity for privately held enterprises.

In the case of an acquisition, it is the value of the firm sales less any liabilities that the company has that were not transferred along with the transaction. Equity is the ownership stake that the shareholders.

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If the exchange rate​ rises, then the quantity of dollars demanded​ ________ because with the higher u. S. Exchange​ rate, u. S. Exports​ ________.

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If the exchange rate​ rises, then the quantity of dollars demanded​ decrease. because with the higher U.S. Exchange​ rate, U.S. Exports​ decrease.

What is the Exchange rate?The rate at which one currency will be exchanged for another is known as the exchange rate in the world of finance.Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.The value of one country's currency in respect to another currency is also thought of as the exchange rate.An interbank exchange rate of 114 Japanese yen to the US dollar, for instance, indicates that 114 will be converted into $1 or that $1 will be converted into 114. In this instance, it is said that the cost of a dollar in terms of the yen is 114, or, translated into dollars, that the cost of a yen in terms of the yen is $1/114.What is an export?When it comes to international trade, export is a good made in one nation and sold in another, or a service rendered in one nation to a national or resident of another nation.The person who provides these goods or services is an exporter; the overseas customer is an importer.Financial, accounting, and other professional services, tourism, education, and intellectual property rights are all examples of services that are involved in international trade.

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Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

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Current account and financial account account exist the two major elements of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

What is Current account?

A current account exists as a kind of bank account that keeps your money secure and helps you organize your finances. Personal current accounts promote the making of payments (direct debits, standing orders) and they let individuals, businesses, and organizations pay you easily. A country's current account documents the value of exports and imports of both goods and services and international transfers of capital. It exists one of the two elements of its balance of payments, the other existing the capital account.

The capital account estimates the capital transfers between U.S. residents and foreign residents. The financial account reminisces increases or decreases in a country's license of international assets. A financial account exists as an element of a country's balance of payments that covers declarations on or liabilities to nonresidents involving financial assets. Financial account components contain direct investment, portfolio investment, and reserve assets shattered down by sector.

Hence, Current account and financial account account exist the two major elements of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

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When a firm lacks the ability to prevent people from consuming a good or service, the good is called a:________

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When a firm lacks the ability to prevent people from consuming a good or service, the good is called a non-excludable.

A service is "an act or use for which a consumer, business, or government is willing to pay". Examples include work by hairdressers, doctors, lawyers, mechanics, banks, insurance companies, etc. Public services are paid for by society as a whole.

Goods are physical, tangible objects, whereas services are inherently non-physical, intangible and, like goods, can satisfy needs. Financial Services – Banks, Telecoms, DTH, Couriers, Hotels, Airlines, Multiplexes, Railways, Doctors, Lawyers, Healthcare, and Business Consulting are examples of services.

A service company in the commercial sense is a company that provides the performance of activities or tasks for commercial purposes. This job is designed to assist businesses or individuals in topics such as consulting, accounting, transportation, cleaning, hospitality, travel and maintenance.

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Sabrina’s soccer produces soccer balls and soccer nets, which are sold at sporting goods stores. which factors directly affect the company’s profit?

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A surge in soccer league numbers. According to Iowa State University, profitability is simply your revenue from your operations less your expenses. You are profitable if the number is a positive; if there is a minus sign before the number, you are not. The Revenue from the sale of goods or services is the main determinant of a company's profitability.

Gaining from investments produces income but does not translate into profitability. The long-term objective of the majority of entrepreneurs and small-company owners is to increase business profitability. Greater profitable the businesses provide more income for you and any other investors.

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The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is?

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The type of training that demonstrates how technology is improving the efficiency of many off-the-job training programs is Online.

Off-the-job training is a form of education in which employees attend a facility other than their place of employment to learn more about their line of work or the most recent developments in it.

In essence, this kind of training improves how well personnel carry out their duties. Off-the-job training, as contrast to on-the-job training, might take place in close proximity to the workplace or farther away, such as at a resort or training facility.

Employers can reduce distractions by holding training sessions away from the office so that employees can concentrate entirely on the information they are studying.

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Pd is an example of which type of capital that can be possessed by an individual?

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Pd is an example of cultural capital that can be possessed by an individual. A person can use their cultural capital to show their cultural competency and their social standing. Cultural capital is the collection of information, behaviors, and abilities.

An individual who is informed about a variety of cultures and is at ease debating their value and virtues the embodies cultural capital in this new definition. It is characterized by the knowledge and the ability to apply the proper information in any situation, including a job interview, a talk with a neighbor, creating a professional network, and so forth.

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Jack and sue, who are selling their home, pay the property taxes (beginning on the date of sale) for max, the buyer. if max reimburses jack and sue, then the taxes?

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Max reimburses Jack and Sue, then the taxes do not affect the basis of the home.

When you sell your house is it taxable income?

Profits from home sales are taxed as capital gains in 2021 at federal rates of 0%, 15%, or 20%, depending on income. The IRS provides homeowners with a write-off, allowing single filers to exclude up to $250,000 of profit and married couples filing jointly to exclude up to $500,000 of profit.

How do you avoid capital gains tax when selling a house?

You can exempt a portion of your taxable gains if you sold the house due to job, your health, or a "unforeseeable occurrence." Save all receipts for house improvement. Your property's cost basis includes more than just the acquisition price. It also incorporates any enhancements you made.

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As a corporation grows in size of employment, perhaps becoming influential nationally or globally, what public perception is developed?
A. perceived prominence
B. perceived relevance
C. perceived permanence​

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As a corporation grows in size of employment C. perceived permanence​ is developed.

A enterprise, every so often called a C corp, is a legal entity it really is cut loose its proprietors. corporations could make a income, be taxed, and may be held legally liable. corporations offer the most powerful safety to its proprietors from personal legal responsibility, but the value to form a enterprise is higher than other structures.

A employer is a standard reference to a enterprise whereas a corporation is a reference to a particular type of commercial enterprise entity. A corporation is owned through its shareholders while a organization may be owned either by the commercial enterprise owner in complete (sole proprietorship), several people

Agencies offer the most powerful safety to its owners from private liability, however the cost to shape a agency is higher than different systems. groups additionally require greater enormous file-keeping, operational techniques, and reporting.

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A manager is concerned that there isn’t enough time spent on production and too much time spent on setups. The manager decides to double all production batch sizes. This change has no impact on demand. What impact will this likely have on the average inventory in the process?.

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The impact would be that the average size of the inventory will increase.

If the manager has decided to double the production batch size then the average size of the inventory will also increase.

What is an inventory? In general terms an inventory refers to all the goods, items, products, which are a part of the business organization. For different industries the inventories have different meanings. Manufacturing industry: the inventory is not only the finished or the final product but also the raw materials are included. Service industry: the inventory of the service industry includes the steps involved in the sales of the product. Raw materials, finished goods, work that is in process etc.. all of this is inventory. Inventory is an important asset for all businesses and it is important to understand the meaning of it.

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Cyclical unemployment is unemployment resulting from fluctuations in economic activity.

a. True
b.False

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(A) TRUE

Cyclical unemployment is unemployment resulting from fluctuations in economic activity.

This type of unemployment can be defined as the cyclical trends in the industry or the business cycle. The lower amount of cyclical unemployment is at its lowest when the economy is operating in its good way and is at its highest.

Fluctuations occur when an economic activity cannot take place due to the fall in the economy condition that is the bear phase which in turn lead loss to the producers and they cut down the labour which generates unemployment.

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While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a?

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While preparing a bank reconciliation, a bank service charge was discovered. This adjustment would be recorded with a Credit to cash, debit to bank fees expense.

Bank Reconciliation is an important manner in accounting wherein agencies healthy their bank statements with the transactions which can be recorded in their preferred ledger. making ready a financial institution reconciliation statement facilitates businesses to put off viable errors in transactions or bookkeeping.

There are 5 principal kinds of bank reconciliation: financial institution reconciliation, consumer reconciliation, dealer reconciliation, inter-company reconciliation, and business-unique reconciliation.

In bookkeeping, a financial institution reconciliation is a procedure by using which the financial institution account balance in an entity’s books of account is reconciled to the balance said by using the monetary organization inside the maximum latest bank declaration. Any distinction between the 2 figures needs to be examined and, if appropriate, rectified.

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In the ocean, the greatest amount of heat from incoming solar radiation would transfer to ___

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In the ocean, the greatest amount of heat from incoming solar radiation would transfer to the top 10 cm of the surface.

Solar radiation often referred to as solar resources or simply sunlight, is the general term for electromagnetic radiation emitted by the sun. Solar radiation can be captured using a variety of technologies and converted into useful forms of energy such as heat and electricity.

The portion of the spectrum reaching the Earth from the Sun is between 100 nm and 1 mm. This band is divided into three regions: ultraviolet, visible, and infrared.

Radiation can alter the cardiovascular system, damage the heart, harden and constrict arteries, and remove some of the cells lining the blood vessels, causing cardiovascular disease. Radiation exposure can interfere with neurogenesis, the process of forming new cells in the brain.

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Calculate the total change in spending because of an initial $100 increase in aggregate demand,given that the mpc = 0.60.

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$250  increase in aggregate demand.

What is aggregate demand?

Aggregate demand, also known as domestic final demand in macroeconomics, is the entire demand for final products and services in an economy at any particular time. It is frequently referred to as effective demand, albeit this phrase is distinguished at times. This is a country's demand for its gross domestic output.

The entire amount of products and services in an economy that customers are willing to pay for within a given time period is known as aggregate demand. The sum of consumer spending, investment spending, government spending, and the difference between exports and imports is used to compute aggregate demand.

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The semistrong form of the efficient market hypothesis asserts that stock prices:

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According to the semi-strong efficiency EMH form the hypothesis, changes in a security's price are a result of information that is readily accessible to the general public. It implies that a stock's price cannot be the predicted using the technical or fundamental analysis.

The weak version of EMH makes the assumption that all information about the securities market is reflected in the current stock prices. It argues that historical price and volume information have little bearing on the trend or level of securities prices. It comes to the conclusion that technical analysis cannot be used to generate the excess returns.

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Mark, a real estate broker, teamed up with chris, another real estate broker, in an effort to not do business with a cross-town broker. what may mark and chris be accused of?

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Mark and Chris be accused of Group Boycotting.

In terms of competition law, a group boycott is a particular kind of secondary boycott in which two or more rival businesses in a particular market refuse to do business with a company unless the latter agrees to stop working with one of their current or future rivals.

In the real estate brokerage industry, a typical group boycott allegation is that two or more real estate firms have agreed to refuse to collaborate or to work with a third firm in less favorable conditions.

A collective boycott is an action taken by a number of entities against their suppliers, consumers, or rivals for business reasons.

Boycotts allow people to demonstrate their values with their money. Boycotts give members of the community a way to defend their values. People can easily and very painlessly defend their values by participating in a boycott if it is well-organized.

A boycott will probably be regarded as First Amendment protected if it aims to influence political reform. However, the court will probably view the boycott as solely commercial action rather than a First Amendment statement or petition if its purpose is economic.

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The fact that wages have not equalized, despite making discrimination illegal, suggests the possibility that bigotry may be stronger than ______.

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The fact that wages have not equalized, despite making discrimination illegal, suggests the possibility that bigotry may be stronger than Economic profit incentives.

Discrimination is the situation when some people are treated worse than other people based on who they are: typically it's the minorities and women that are discriminated.

Discrimination is the unfair or prejudicial treatment of people and businesses based totally on traits inclusive of race, gender, age, or intercourse.

Examples of discrimination

sorts of DiscriminationAge Discrimination.disability Discrimination.Sexual Orientation.fame as a figure.

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When a company issues 29,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include a?

Answers

A credit to Additional Paid-in Capital for $522000, we have to deduct par value cost i.e. $2 from per share cost i.e. $20, now multiply $18 with number of shares i.e. 29000.

More about Additional Paid-in Capital:

The excess amount that a company receives from investors over and above the par value of shares (equity or preferred) at the time of an IPO is referred to as additional paid-in capital, also known as capital surplus.

It can be thought of as the profit that a company makes when it issues the stock for the first time in the open market. The bare minimum required to purchase a share of stock is known as the par value. It implies that this base sum must be paid in order to acquire a share.

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The right to ____ is never directly granted to all shareholders of a publicly held corporation.

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The right to declare dividends on the common stock is never directly granted to all shareholders of a publicly held corporation. To declare dividends on the common stock.

When a corporation declares a dividend, it offers the amount of the dividend and the elegance of stocks for which the employer will pay the dividend. every person keeping shares of dividend-paying common inventory has a right to the dividend as long as he holds the inventory at the "report" date.

The board of administrators issues a declaration declaring how a whole lot can be paid out and over what timeframe. This statement implies liability for the dividend payments.

Legally, businesses must have a credit score stability in Retained earnings with a purpose to claim a dividend. Nearly, a employer must even have a coins balance huge enough to pay the dividend and nevertheless meet upcoming desires, including asset growth and payments on existing liabilities.

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Both transportation and assignment problems are members of a category of lp problems called?

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Both transportation and assignment problems are members of a category of lp problems called network flow problems

What is  network flow problems?

Network flow problems are a type of combinatorial optimization problem in which the input is a flow network (a graph with numerical capacities on its edges) and the goal is to construct a flow with numerical values on each edge that respect the capacity constraints and have incoming flow.

A company, for example, may want to ship packages from Los Angeles to New York City by using trucks to transport between intermediate cities. If the route connecting two cities only has one truck and each truck has a maximum load, the graph describing the transportation options will be a flow network.

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Best buy trains its sales staff on dell computers as well as on apple computers and also on customer service etiquette. a salesperson at best buy speaking with a customer is an example of _______?

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A salesperson at best buy speaking with a customer is an example of interpersonal marketing communication.

Interpersonal communication in marketing is approached from an angle that focuses on communication signs. A typing scheme is supplied and applicable literature is surveyed. directions for destiny research are suggested. An enormous percentage of marketing communications involves face-to-face interaction.

When it comes to basic elements of interpersonal communication, the various varieties of possible conversation will cluster underneath 4 fundamental classes: verbal, listening, written, and nonverbal conversation. allow's have a look at these interpersonal verbal exchange concepts in more detail.

Interpersonal skill for marketing is essential for advertising and marketing specialists accountable for interacting with customers to increase high-quality customer support at all levels of creating a sale. Interpersonal talents used to construct wonderful purchaser members of the family consist of three fundamental factors: empathy, honesty, and conversation.

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A company shows a $690 balance in prepaid rent in the unadjusted trial balance columns of the work sheet. the adjustments columns show expired rent of $245. This adjusting entry results in:_________.

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A company shows a $690 balance in prepaid rent in the unadjusted trial balance columns of the work sheet. the adjustments columns show expired rent of $245. This adjusting entry results in $200 decrease to net income.

Prepaid rent is defined as rent that has been paid prior to the rental period to which it applies. The first day of the month it covers is the due date for rent, which is typically paid in advance.

In order to mail the payment to the landlord and ensure that it arrives by the due date, the renter writes a check payment around the end of the preceding month. This is because the landlord typically sends an invoice several weeks in advance.

The payment would often show up in the tenant's income statement as a rent expense in that period because it was recorded and the check was cut in the month before the period for which the invoice was entered in the accounting software.

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Write an expression to represent: 3 minus the quotient of x and 4 Please help pls help mEE THIS IS REALLY CONFUSING MARKING BRAINlIST AND GIvinG 50 POINTS IF CORRECT!! The ratio of the number of cupcakes to the number of pastries in a box is 7:2. Which table shows the possible amounts of cupcakes and pastries in a box, given the ratio? Two airplanes leave an airport at the same time and travel in opposite directions. One plane travels 66 kmh faster than the other. If the two planes are 10,716 kilometers apart after 6 hours, what is the rate of each plane If a skydiver jumps out of a plane horizontally (in other words with no initial vertical velocity), then what will her vertical speed be after having fallen a vertical distance of 50.8m if you neglect air resistance over that distance? Find the inequality represented by the graph. A liquid takes 10.14 x 10^6 j of energy to boil 28.47 kg at 298 k. using the latent heats of vaporization of 5 liquids below, determine what the substance is. acetone: 538,900 j kg-1 ammonia: 1,371,000 j kg-1 propane: 356,000 j kg-1 methane: 480,600 j kg-1 ethanol: 841,000 j kg-1 The ordered pair that is a solution of the equation y = | - 3x + 3 | is: (r, 24) (7,0) (7, - 18) ( 7,18) you over hear a conversation between your parents about your performance at school dialogue "Aquaculture is not experimental, and it is not new (Rabanal, "History ofAquaculture")."The author wants to add an attributive phrase at the beginning of thesentence. Based on MLA format, which of the following should the authoradd?O In an article about the history of aquaculture,O In the FAO,O According to Hermino Rabanal,If you read the publication written by Hermino Rabanal, listed at theend, you will see that Because one original strand of the double-stranded helix is found in each daughter cell, the replication process is called. No entries shall be allowed for district meets which are not submitted to the director on or before the ____ day before the first day of the meet. Assume that a manufacturer of stereo speakers purchases $40 worth of components for each speaker. the completed speaker sells for $70. the value added by the manufacturer for each speaker is:______. Tamarisk, inc. has assets of $4393000, common stock of $1077000, and retained earnings of $604000. what are the creditors claims on their assets? What approach would a medical anthropologist take to understand why some middle-class american parents with health insurance do not vaccinate their children for measles, mumps, and rubella? what can be stated for a particular element if only the group number of 14 is known A. The element has 14 neutronsB.the element has 4 valence electrons C. The element has 4 electronsD. The element has 14 protons An unknown gas effuses 2. 165 times faster than xe. what is the molar mass of the gas? show the set up and answer with unit Two types of toad live in the same habitat, but one type breeds in the spring and the other breeds in the fall. what conclusion can be drawn from this information? What must a manager do to have key managerial skills become a part of their repertoire? Streptomycin is an antibiotic that interferes with the function of the 30s subunit of the prokaryotic ribosome. what is the consequence of treating a bacteria with streptomyci? Stella the appraiser completes her appraisals through a process involving ______, home inspection, and analysis.