The way to increase the profitability of a firm is to create less-expensive products. True or false?.

Answers

Answer 1

False

Value creation is the key to increasing a company's profitability.

What is  profitability?

Profit is defined as the difference between an economic entity's revenue from outputs and its opportunity costs for inputs. It is equivalent to total revenue less total costs, which include both direct and indirect costs.

How do you explain profitability?

A company's profitability is determined by comparing its revenue against its outgoing costs. A more efficient business will make more money relative to its costs than a less efficient one, which would have to spend more to make the same amount of money.

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Related Questions

Sales to customers in which the customers pay within 30 to 60 days are referred to as?

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Sales to customers in which the customers pay within 30 to 60 days are referred to as credit sales and sales on account.

Receivables turnover ratio is the name of an accounting metric that measures how well a business collects its accounts receivable. This ratio assesses the efficiency with which a business uses and manages the credit it lends to consumers, as well as the speed at which short-term debt is collected or paid.

Accounts receivable Turnover Ratio: An efficient company has a higher ratio whereas an inefficient company has a lower ratio. This indicator is frequently used to compare businesses in the same sector in order to determine whether they are on par with their rivals.

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An increase in the number of sellers of a good will __________________ for that good equilibirum

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An increase in the number of sellers of a good will reduce price of the good for that good equilibirum.

A change in supply will cause equilibrium price and output to change in opposite directions means that if the output will increase then the price will decrease.

An increase in supply will always  cause a reduction in the equilibrium price and  in this case an increase in the equilibrium quantity of a good.

The increase in supply leads to an excess supply at the initial price. which further  causes the price to fall and quantity demanded to increase.

However, a decrease in supply will always cause an increase in the equilibrium price and a great fall in the equilibrium quantity of a good.

The decrease in supply  always leads to an excess demand at the initial price which further leads to the price to rise and quantity demanded to decrease.

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Dr. Pearl White just graduated from dental school. She is hoping to acquire the necessary funding to start her own dental practice. One advantage of this type of business is

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The advantage of the type of business that Dr. Pearl White wants to open after dental school is the service is individualized and not easily mass-produced.

What is the advantage of a dental practice?

Dental practices rely on the use of industrial machines to create things like synthetic tooth. Added to that, the service is not easy to mass-produce as the tooth needs to be customized to people.

Both these things are barriers to entry mean that dental practices are not an easy business to get into.

This then reduces the competition for customers to Dr. Pearl White.

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Which word describes a system in which buyers compete to purchase works of art by offering increasingly higher bids?

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An auction is a system in which buyers compete to purchase works of art by offering increasingly higher bids. Live and online bidding are also options for auctions. Bidders are aware of each other's bids in an open auction, such as a livestock auction.

All bidders are aware of the submitted bids in an open format. The buyers are unaware of competing bids in a closed format. Live and online platforms are both options for conducting auctions. In an open auction, the highest bidder receives the asset or service in question, while in a closed auction, the highest bidder typically does.

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Abc assumes all costs in a ________ can be grouped together because they all impact the activit

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Abc assumes all costs in a B. Cost Pool can be grouped together because they all impact the activity.

The cost pool is the amount of money spent on the "activity". B. Customer Service or Manufacturing. Cost blocks are used in Activity-Based Costing to determine exactly where costs are being spent, rather than splitting overhead costs evenly across all departments.

A cost driver is any activity that costs money to make a product. Cost blocks are cost drivers and fall into groups of related costs

The question is incomplete. Please read below to find the missing content.

ABC assumes all costs in a ________ can be grouped together because they all impact the activity.

A. Department

B. Cost pool

C. Time period

D. Product line

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Today, benefit and service offerings add nearly _________ to an organization payroll costs

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Today, benefit and service offerings add nearly 40% to an organization's payroll costs.

Employee benefits are indirect financial payments given to personnel. they will include supplementary fitness and lifestyles insurance, vacation, pension plans, education plans, and reductions. three mandatory benefits (CPP/QPP, RI, and workers compensation) account for over 50% of the organization's part of benefits.

It includes salaries, wages and social protection contribution (i.e. health insurance), paid leaves, earnings sharing and bonus, es and non-monetary advantages like automobiles, unfastened scientific facilities, free or backed items, free or subsidized lunch, etc.

Employee benefits are also known as perks or fringe benefits. this is the greater pay given to the personnel over the month-to-month salaries and wages. a few examples of worker benefits are medical health insurance, stock alternatives and medical insurance; these are a few basic blessings presented to employees.

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To protect consumers, the sec requires brokers and dealers to information about securities.

Answers

SEC requires brokers and dealers to reveal information about securities to protect consumers, the statement is true.

What is SEC?

SEC stands for the securities and exchange commission of the United States, governing in the cases of misconduct in the financial clauses of business by sharing false information or involving in fraud.

SEC aims to protect investors by enforcing strict laws on securities and punishing the violators of the law. They help in supervising the securities markets and organizations to ensure that fair and honest treatment is received by investors.

Objectives of SEC :

The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities.

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Answer:

reveal

Explanation:

EDGE

What two activities are included in the approach stage of the personal selling process?

Answers

Gathering info about potential customers and Deciding on the best method for an initial meeting are included in the approach stage of the personal selling process.

Prospecting, pre-approach, approach, presentation, handling objections, closing the sale, and follow-up are the seven steps in the personal selling process. It is a method of face-to-face selling where a salesman uses their interpersonal abilities to convince a consumer to purchase a specific product.

When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts.

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The ability to anticipate a fraud perpetrator’s likely method of concealing a fraud is called?

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The ability to anticipate a fraud perpetrator’s likely method of concealing a fraud is called Strategic reasoning.

Being strategic requires confidence in a decision-making process that cannot be based on a 100% proof of concept. Being strategic means being insightful, visionary, open-minded, proactive, working from scratch, and making decisions based on facts and calculated intuition. To do.

Strategic thinkers are. They don't wait or respond to be told what to do. They introduce new ideas, start new projects, and try to find the next big thing. They are closer to what they need to do today than what is needed to reach a much larger long-term goal.

Strategic thinking skills are skills that enable you to use critical thinking to solve complex problems and plan for the future. These skills are essential to achieving business goals, overcoming obstacles, and overcoming challenges. Especially if you anticipate it will take weeks, months, or even years to accomplish.

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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.

Answers

No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day day before the first day of the meet.

What is director?

The term director refers to the senior management team of companies and other significant organizations. The phrase is commonly used with two separate meanings, the choice of which is affected by the organization's size and worldwide reach, as well as the historical and geographic context.

The directors are normally in charge of the company's management and have the authority to exercise all of the company's functions. The amount of their jurisdiction, however, may be limited by the Companies Act of 2006 and the articles of association.

A director is defined as someone who supervises a job or project. A department head is an example of a director. A director is someone who is in charge of constructing anything.

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Which type of business plan is used primarily for the owner and other employees to organize the structure, finances, and plans for future growth?

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The type of business plan that is primarily used by the owner and other employees to organize the structure, finances, and future growth plans is the lean business plan.

What is a lean business plan?

Corresponds to a document where the essential characteristics are laid out for a business to be well positioned and competitive in the market. It contains the strategy, tactics and execution so that the objectives and goals are achieved in the medium and long term.

It is essential that organizations develop a lean business plan that is targeted to their needs and aligned with their market demands.

Therefore, the lean business plan assists in the continuous management to achieve quality, structure and effective systematization of processes.

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Assume that a college student spends her income on books and pizza. The price of a pizza is $8, and the price of a book is $15. If she has $120 in income, she could choose to consume?

Answers

Based on the options available to the college student, the amount that she could consume of books and pizza is c. 9 pizzas and 3 books.

What amount of each good can the student consume?

The combination of pizza and books should add up to less than $120 for the student to be able to consume it. It should however, be as close to $120 as possible.

When the student buys 9 pizzas and 3 books the total is:

= (9 x 8) + (3 x 15)

= $117

This is the closest amount to $120 and so this is the combination the student should go with.

Options for this question include:

a. 4 pizzas and 5 books.b. 5 pizzas and 4 books.c. 9 pizzas and 3 books.d. 8 pizzas and 4 books.

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What are the two components of risky return (u) in the total return equation?
a) unsystematic risk
b) expected risk
c) expected return
d) market risk

Answers

the two components of risky return (u) in the total return equation are The

risk-free rate (RF) and the risk premium.

The risk-free interest rate is the rate of return earned by an investment that does not bear any risk. The risk-free rate is something of a theoretical concept because all assets, no matter how small, carry risk. In practice, it is considered the interest paid on short-term government debt.

The risk-free interest rate value is calculated by subtracting the current rate of inflation from the total return on government bonds over the investment period. For example, a government bond yields 2% over 10 years. In that case, the investor should consider 2% as a risk-free return.

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The marketing planning process starts with the ________, then the situation analysis.

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The marketing planning process starts with the corporate mission, then the situation analysis.

A marketing plan is an advertising strategy that a company implements to sell its products and services. A marketing plan helps determine who your target markets are, how best to reach them, what price to sell your product or service at, and how your company will measure its efforts.

Constantly monitoring and adjusting market plans is an important part of running a business. Because it reveals the best and worst ways to generate revenue. Without a successful marketing plan, a business may not last very long.

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It is important for an entrepreneur to have ___________ when approaching an angel investor or venture capitalist

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It is important for an entrepreneur to have area of specialization when approaching an angel investor or venture capitalist

Just as the venture capitalist has to be careful in selecting his investment, the entrepreneur should also take several factors into account while selecting a venture capitalist. The entrepreneur should take care in selecting the right venture capitalist to approach based on the venture capitalist's area of specialization.

The entrepreneur while approaching venture capitalist should have a  detailed and well organized business plan as is the only way to gain a venture capitalists attention and obtain funding. They do not invest on a two page summary.

Hence, it is important for an entrepreneur to have area of specialization.

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How does the recognition of amortization of an intangible asset expense affect the elements of the financial statements?

Answers

Decreases assets and equity, and does not affect cash flow.

What Is the Intangibles Amortization Process?

The process of depreciating the cost of an intangible asset over the asset's anticipated life for tax or accounting purposes is known as amortization of intangibles, or simply amortization. Patents and trademarks are examples of intangible assets that are amortized into the amortization expenditure category. Depreciation is used instead to write off tangible assets. There may be a difference between how much amortization is used for tax purposes and how much is used for corporate accounting purposes.

Amortization Types.

A corporation has a choice of six amortization techniques for accounting (financial statement) purposes: straight line, falling balance, annuity, bullet, balloon, and negative amortization. For accounting purposes, there are only four depreciation techniques that are acceptable: straight line, decreasing balance, the sum of years' digits, and units of production.

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The ________ of a business message summarizes what you want your audience members to do or think and why they should do so.

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The main idea of a business message summarizes what you want your audience members to do or think and why they should do so.

The primary purposes for sending commercial enterprise messages are commonly to tell and to persuade and visible cues, in addition, to permit the sender to tailor the message to the target market.

A message (verbal or nonverbal, or both) is the content material of the communication technique. The originator of the message in the communique procedure is the sender. The sender conveys the message to a receiver.

Knowing your target audience lets you make selections approximately what records you need to include, how you need to set up those records, and what sort of assisting details might be important for the reader to recognize what you're providing. It additionally influences the tone and structure of the record.

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True or False: If people have rational expectations, the economy may not have to endure an unemployment rate as high as predicted by the short-run Phillips curve.

Answers

If people have rational expectations, the economy may not have to endure an unemployment rate as high as predicted by the short-run Phillips curve.

The statement is false.

The Phillips curve shows the relationship between inflation and unemployment. In the short-run, inflation and unemployment are inversely associated; as one amount will increase, the alternative decreases.

In the end, the unemployment rate is independent of inflation and the Phillips curve is vertical on the herbal fee of unemployment. Whilst actual inflation exceeds predicted inflation, unemployment exceeds the natural fee.

An increase in fee expectancies shifts the Phillips curve upward and makes the inflation-unemployment alternate-off much less favorable. in the end, the unemployment charge is unbiased of inflation and the Phillips curve is vertical at the natural price of unemployment.

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Overnight trucking recently purchased a new truck costing $150,800. The firm financed this purchase at 8. 6 percent interest with monthly payments of $2,100. How many years will it take the firm to pay off this debt?.

Answers

8.44 years will take the firm to pay off this debt.

What is debt?

Debt is an obligation that forces one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment or series of payments that differs from an immediate purchase.

Student loans, mortgages, and company loans are examples of "good" debt, which is defined as money due for things that can help develop wealth or boost income over time. "Bad" debt is defined as credit card or other consumer debt that does little to help your financial situation. These are overstatements.

While both words refer to money owed, credit and debt are not synonymous. Debt is money owed, whereas credit is money borrowed.

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Eugene wants to control the workplace by preventing problems before actual work activities take place. The kind of control he is looking for is?

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The kind of control Eugene is looking for is feedforward control.

Feedforward control is a mechanism in a system in order to prevent problems before they occur by monitoring performance inputs. Thus, it is a process of replacing positive or negative feedback with future-oriented solutions. To focus more on the future instead of the past.

The feedforward control measures important disturbance variables and takes corrective action before they upset the process. It takes proactive control actions and provides better control in a workplace.

Hence, through the concept of feedforward control, Eugene wants to control the workplace by preventing problems before the actual work activities take place.

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A marketing strategy to increase sales of current products in current markets is referred to as.

Answers

The correct answer is Market penetration.

A marketing strategy to increase sales of current products in current markets is known as Market penetration.

What is Market penetration?It is a key in the business growth strategy.It refers to successfully selling goods or services in a specific market. The goal of market penetration is to obtain higher market share. Market penetration is when there is a requirement to increase sales in business for the existing products or even for the new products. This strategy is often used with new business that has recently entered the market. Market penetration can be measured by = (number of customers for a product/ total market size) X 100

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In conducting business, a firm and its owners have the right not to be subjected to?

Answers

In conducting business, a firm and its owners have the right not to be subjected to politically correct statements.

Businesses should be run ethically for many reasons. To maintain a good reputation. Retain existing customers and attract new ones. to avoid litigation. Reduce employee turnover. To avoid government interference. To please customers, employees, and society.

Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethics to business conduct. Ethical business conduct promotes and promotes the well-being of society, improves profitability, and enhances business relationships and employee productivity.

Social responsibility programs increase employee morale, lead to increased productivity, and impact company profitability. Companies that implement social responsibility initiatives can increase customer retention and loyalty.

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Negotiating strategies, mentoring, and coaching are all part of the ________ that one adds to the company.

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Negotiating strategies, mentoring, and coaching is all part of the human capital that one adds to the company.

Human capital includes the information, talents, and health that people invest in and accumulate for the duration of their lives, permitting them to understand their capacity as efficient members of society.

Human capital is an asset that includes the knowledge and abilities held by way of someone that may be used by a corporation to advance its desires. Human capital is important due to the fact some degree of human understanding and competencies is vital in order for a corporation to accomplish something.

Coaching is a form of improvement in which an experienced man or woman, known as a coach, supports a learner or consumer in reaching a specific personal or expert intention through providing schooling and steering. The learner is once in a while known as a coachee.

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During your investigation you found the effective dates on stock options were deliberately changed for the purpose of securing extra pay for management. This is called?

Answers

Backdating is when the effective dates on stock options were deliberately changed for the purpose of securing extra pay for management.

Backdating is the practice of amending the date of a contract, a legal document, or a cheque to a preceding date. changing the date on this sort of record to misrepresent any data makes this practice unlawful in some cases.

Backdating is the practice of marking a cheque, settlement, or other legally binding settlement with a date this is prior to the contemporary date. Backdating is typically no longer allowed and even can be illegal or fraudulent in a few conditions.

And public organizations responsible for backdating may additionally violate federal securities disclosure and reporting necessities, exposing themselves to regulatory or criminal investigations as well as securities fraud litigation. If you decide to award backdated stock options, touch us about a way to do it in the right manner.

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Marc and Julian are considering the following investments for their portfolio. Help them evaluate each one by weighing the risks versus return. Rank each as low, moderate, or high in each category.

Answers

In the given investments for Marc's and Julian's portfolio the risk-return tradeoff The assertions made will follow the risk to returns principle that says the greater the risk the greater the returns. In the categories let,

L= low

M= moderate

H= high in each category.​

Therefore, appropriate ranking will show

More about evaluating risk and return:

The risk-return tradeoff, often known as the relationship between risk and prospective return on investment, is one of the tenets of investing. Investors are aware that, for the majority of stocks, bonds, and mutual funds, taking on more risk or volatility increases the possibility of better returns. Investors look at an investment's alpha, beta, standard deviation, and Sharpe ratio to calculate the risk-return tradeoff.

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How does targeted or differentiated marketing help companies reach markets globally.

Answers

When targeted or differentiated marketing is used, it helps companies reach markets globally by taking into account unique cultural differences.

What is the benefit of targeted or differentiated marketing?

The main benefit of targeted or differentiated marketing is that they help a company to make its goods more suitable for the local markets of other nations.

This improves success because it will then give the company access to other markets around the globe thereby increasing its chances of selling more goods and services.

For instance, an advert with a woman in a bikini might help sales in the United States but not in Iran so there is a need to use targeted marketing.

In conclusion, targeted or differentiated marketing helps take cultures into account.

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Hakaku needs a tool with a single management interface that provides capabilities for managing and securing mobile devices, applications, and content. Which tool would be the best solution?

Answers

Unified Endpoint Management would be the best tool for managing and securing mobile devices, applications and content.

IT can manage, secure, and deploy company resources and apps on any device from a single console thanks to unified endpoint management (UEM).

Traditional mobile device management is surpassed by unified endpoint management. Unified endpoint management was developed to address the challenges that contemporary IT departments have when securing and connecting these environments as people work more remotely from both traditional and mobile devices, and businesses adopt IoT and other new technologies

Higher IT expenditures result from the challenges IT teams confront integrating legacy systems on these new devices. The complexity of connecting various systems is lessened through unified endpoint management, which also lowers costs and decreases risks.

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What is an quantitative variable for which the median is used to measure central tendency?

Answers

The median is usually preferred to other measures of central tendency when your data set is skewed (i.e., forms a skewed distribution) or you are dealing with ordinal data. However, the mode can also be appropriate in these situations, but is not as commonly used as the median.

INTERPRETATION-

If the data being analyzed is qualitative, then the only measure of central tendency that can be reported is the mode.  However, if the data is quantitative in nature (ordinal or interval/ratio) then the mode, median, or mean can be used to describe the data.

With quantitative data, the shape of the distribution of scores (symmetrical, negatively or positively skewed) plays an important role in determining the appropriateness of the specific measure of central tendency to accurately describe the data.  If the distribution of scores is symmetrical or nearly so, the median and mean (as well as the mode) will be real close to each other in value.

In this case, the mean is the value of central tendency that is usually reported.  However, if the distribution of scores is positively or negatively skewed, the mean will tend to either overestimate (in positively skewed distributions) or underestimate (in negatively skewed distributions)  the true central tendency of the distribution.  In extreme cases of skewed data, the mean can lie at a considerable distance from most of the scores.

Therefore, in skewed distributions, the median will tend to be the more accurate measure to represent the data than the mean because the median can never have more than one half the scores above or below it.

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Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of which assessment method?

Answers

Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of a situational interview.

We regret to inform you that (organization) is not considering your application for this position. Your qualifications are excellent, but the selection process is very competitive and we have decided to hire candidates whose qualifications better suit our needs at this time.

Because structured interviews are more efficient than semi-structured and structured interviews in predicting job performance. Meta-analysis studies show that structured interviews are up to twice as effective at predicting job performance as situational interviews.

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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.

Answers

Lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.

What is motivation?

Motivation is the reason why humans and other animals begin, continue, or discontinue an activity at any particular time. Motivational states are typically viewed as internal forces that induce a desire to engage in goal-directed conduct.

Extrinsic. Performing an action in order to achieve or prevent a specific result. Many of the things you perform every day are probably extrinsically driven.

Intrinsic. Internal motivation for success or a sense of purpose

Family. Motivated by a desire to provide for your family.

Finding strategies to improve motivation is critical because it allows us to modify our behavior, develop competences, be creative, create objectives, expand our interests, make plans, develop talents, and increase involvement.

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