When the quantity supplied of a good exceeds the quantity demanded, there is a surplus.
A surplus exists if the quantity supplied of a good or service exceeds the quantity demanded at the current price. Thus, this causes a downward pressure on price. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.
When there is a surplus in the economy, suppliers push prices down to increase sales. In the process, the fall in prices reduces the quantity supplied and increases the quantity demanded, thus eventually eliminating the surplus.
Hence, a surplus is when the quantity supplied of a good exceeds the quantity demanded.
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___ involves designing activities relating to marketing objectives and the changing marketing environment
Marketing planning involves designing activities relating to marketing objectives and the changing marketing environment.
The advertising technique a company will use to market and sell its goods or services is called a marketing plan. The target market, the best way to reach them, the price point at which the good or service should be sold, and the method by which the business will evaluate its performance will all be determined by the marketing strategy.
An overall business plan could include a marketing plan. A well-written marketing plan must have a strong foundation in marketing strategy in order to fulfill its objectives. A marketing strategy may include a list of tasks, but without a solid strategic base, it is of little service to a company.
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CRM systems have business goals to assist businesses in capturing new leads and move them through the sales process as well as managing and supporting relationships with current customers to maximize their lifetime company value. What other overall business goals do CRM systems help organizations achieve
The other general business goals CRM systems help organizations achieve is to reduce sales costs, control spending, increase productivity and strengthen marketing.
What is CRM?It corresponds to an acronym for Customer Relationship Management, which is the set of practices that are developed by companies to establish a relationship with potential customers, through actions, programs and investments in marketing aligned with their needs and desires.
CRM is also a way to strengthen relationship marketing, as such practices favorably change the perception of stakeholders and generate value for the brand, increasing its positioning and competitiveness in the market.
Therefore, CRM practices help a company to achieve continuous improvement through policies and practices that encourage communication, to demonstrate reliability, quality and increase consumer engagement with the brand.
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If the amount of variability due to within group differences is equal to the amount of variability due to between group differences, your f value will be equal to?
If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).
What is the F value?In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.
The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.
In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).
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For a sales promotion, the manufacturer places winning symbols under the caps of of all its soda bottles. If you buy a six-pack of soda. What is the probability that you win something?.
The probability that you win something will be 1.
What is an probability in statistics?
The probability serves as a gauge for how likely an event is to occur. It gauges how likely an event is. P(E) = Number of Favorable Outcomes/Number of Total Outcomes is the formula for probability.
Can the probability of an event be 1?
If the chance is 1, the event will occur. There would be nothing you could do to prevent a road traffic collision if the likelihood of one was 1. It will occur. In reality, probability connected to commonplace events ranges between 0 and 1.
Can a probability be negative?
Although a quasiprobability distribution permits a negative probability or quasiprobability for some events, the probability of the result of an experiment can never be negative. These distributions may be applicable to conditional probability or unobservable events.
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Entrepreneurs must make sense of complex information and make decisions about how to invest their time, effort, and other resources. consequently, it is important to understand that?
Entrepreneurs must make sense of complex information nd other resources. consequently, it is important to understand that good entrepreneurs must be good judges.
An entrepreneur is an individual who creates a new enterprise, bearing maximum of the risks and enjoying maximum of the rewards. The technique of putting in a business is called entrepreneurship. The entrepreneur is normally seen as an innovator, a source of latest ideas, items, offerings, and commercial enterprise/or strategies.
The highest-paying activity in the global, in a traditional sense, holds the number one spot in this article: anesthesiologist. they're additionally the only process listed above. The listing, however, does not don't forget like who make substantially extra than that.
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If the firms, chipco and dramco, represented by the payoff matrix decided to collude to reach a common strategy, which strategy would they jointly pursue?
Chipco and Dramco will jointly pursue a National strategy.
What is National strategy?National Strategies or Activity Plans are strategic plans developed by governments to steer action, and typically resource allocation, over a predetermined time period and toward the achievement of a policy objective.The art and science of building and employing a nation's diplomatic, economic, and informational powers, in conjunction with its armed forces, to secure national objectives during peace and conflict. Also known as a grand strategy or national security strategy.Strategic planning is crucial because it challenges government bureaucracy to think creatively about how the world works and what the nation is capable of doing. Strategic planning provides leaders with the opportunity to establish priorities and align varied talents to broad goals.Therefore, Chipco and Dramco will jointly pursue a National strategy.
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Imagine the economy is at macro equilibrium. Suppose individuals become optimistic about the future, and as a result, increase consumption expenditure. The result will be?
An increase in Total Expenditure and an increase in employment will result when the economy is at macro equilibrium.
A state of the economy known as macroeconomic equilibrium occurs when aggregate supply and demand are equal in size. Price, unemployment, and inflation could all vary if there are changes in either aggregate supply or demand. Macroeconomic equilibrium can be divided into three categories based on SRAS, LRAS, and AD.
For a market to be both efficient and balanced, equilibrium is crucial. A market cannot move away from its equilibrium price and quantity since it is maintaining a balance between the quantities provided and demanded. Assume that full employment prevails in an economy because the macro equilibrium occurs at the potential GDP.
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_____ includes assessing the potential value the system can create for the organization and value-loss risks
Economic feasibility includes assessing the potential value the system can create for the organization and value-loss risks. The correct answer is option(d).
The period of time when a break-even financial model of the business venture is developed based on all costs related to bringing the product from idea to market and achieving sales sufficient to satisfy debt or investment requirements is known as the economic feasibility step of business development.
The development of your projects depends on their economic viability. Thro This is the goal of an economic feasibility study (EFS). ugh forecasts, this research enables you to see the possible return on investment in real-time. You will find it simple to decide whether to move forward with the project in this way.
The goal of an economic feasibility study (EFS) is to show the overall net benefit of a proposed project for accepting or disbursing electronic cash or benefits, taking into account the costs and advantages to the agency, and other state agencies, and the general public.
The complete question is:
_____ includes assessing the potential value the system can create for the organization and value-loss risks.
A)organizational feasibility
B)technical feasibility
C)system feasibility
D)economic feasibility
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At the __________ stage of transforming raw materials into finished goods, managers typically use __________ control methods to determine customers' reactions to the organization's goods and services.
At the conversion stage of transforming raw materials into finished goods, managers typically use concurrent control methods to determine customers' reactions to the organization's goods and services.
What is a raw materials?Raw material seems to be a basic resource that is used create items, completed goods, power, or transitional resources that are fodder for upcoming finished products. It is additionally referred to as a fuel, untreated material, or main item.
In the input phase of the method of changing the raw product, the managers usually employ feedforward supervision. Taking care of issues when they arise.
Concurrent control provides managers with real - time updates on how effectively inputs are being converted into outputs during the conversion step, allowing managers to address issues as they arise.
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Brandon’s manager wants him to find out the churn levels related to activities in the past 12 months and report his findings at the next meeting. what does brandon need to find out?
Brandon needs to find out customer churn rate.
To find churn rate take the number of customers that we lost last quarter and divide that by the number of customers that you started with last quarter. The resulting percentage is our churn rate.
Churn fee, every so often known as attrition charge, is the rate at which customers prevent doing business with a company over a given time period. Churn might also observe to the range of subscribers who cancel or do not renew a subscription. The better your churn price, the more customers prevent buying from your business.
Churn rate, now and again known as attrition fee, is the fee at which customers forestall doing enterprise with a employer over a given time frame. Churn may also follow to the wide variety of subscribers who cancel or don't renew a subscription. The higher your churn fee, the greater clients forestall shopping for from your commercial enterprise.
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Un a supermarket, a vendor's restocking the shelves every monday morning is an example of?
In a supermarket, a vendor's restocking the shelves every Monday morning is an example of fixed order interval.
The situation where an inventory item has independent demand and orders are placed on a constant time period basis is referred to be an FOI system, also known as a periodic review system.
A technique for inventory control is the Fixed Order Interval System. The inventory model also goes by the name fixed reorder cycle. By monitoring the product demand in this, a set interval is formed. It is employed to control the raw material supply. Many businesses utilize the fixed order quantity system because it reduces reorder errors, effectively manages storage space, and avoids wasteful blocking of funds that may be used elsewhere.
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When the brazilian real changes from 1000 real per u. s. dollar to 1500 real per u. s. dollar, the real is?
When the Brazilian Real changes from 1000 real per U. S. dollar to 1500 Real per U. S. dollar, the real is devalued.
If the Brazilian Real appreciates relative to the U.S. dollar, the number of reals furnished increases because the lower fee (in real) for U.S. goods induces Brazilians to shop for extra U.S. products.
If an international location's actual trade price is growing, its method of its of goods has become extra costly relative to its competitors. Growth within the actual alternate charge means humans in a country can get more foreign goods for an equal quantity of domestic goods.
While the dollar appreciates, exports lower because they may be now more pricey for foreigners to shop for and imports growth inflicting internet exports to decrease. When the dollar appreciates, exports lower because they're now greater high-priced for foreigners to shop for and imports grow to inflict net exports to decrease.
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If a company chooses to sell through a(n) blank______, this means that it employs its own salespeople.
If a company chooses to sell through a blank company sale force, this means that it employs its own salespeople.
A corporation is a community for short, a legal entity that is a collection of people with a specific purpose, natural, legal, or a mixture of both. Company members have common goals and work together to achieve specific goals.
A company is a legal entity formed by a group of individuals to conduct and operate a commercial or industrial business. A company may be organized in various ways for tax and financial liability purposes, depending on the corporate law of its jurisdiction.
Associations of individuals to operate commercial or industrial enterprises — cf. corporations, partnerships.
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When the symbolic meaning behind a brand ties individuals to the brand community, interactions between the customers and the product lead to ______________________.
When the symbolic meaning behind a brand ties individuals to the brand community, interactions between the customers and the product lead to "a sense of identity and inclusion".
What is brand communities?Brand communities are incredibly useful tools for marketing, managing innovation, and managing consumer relationships. Applying effective marketing techniques, meanwhile, also requires examining and taking advantage of the previously untapped potential of social distributed systems.
Some characteristics of brand communities are-
In order to better understand the existence, operation, and various sorts of brand engagement within social networks, this study merges these two sociological trends that have typically been studied independently.By combining two distinct research streams, the netnographic approach provides clear evidence of this existence, allowing for a better understanding of these embedded brand engagement, their quirks, and the motivational factors that influence participation. As a result, the results add to theory. Brand management can now implement strong brands with less time and money invested thanks to the benefits of social networks, but choosing the right type of brand community, encouraging consumer interaction, and monitoring this social contact are crucial steps to achieving expected brand outcomes.To know more about brand community, here
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What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?
Future value = $1000× 1+([tex]\frac{5}{100}[/tex])³
= $1157.3
What is future value ?
Future Value = Present Value (1 + (cost of capital / 100)number of years
For example-
i.e. Future Value = $ 1000(1.10)3
i.e. Future Value = $ 1331
This means that the equivalent sum of money that we should expect in 3 years, given our cost of capital is $1331. This means that we should accept proposals where future value is more than $1331, reject proposals where future value is less than $1331 and be indifferent towards proposals where future value is equal to $1331.
From henceforth, we will refer to this by stating that the future value of $1000, at our given cost of capital, for a period of 3 years is $1331. Also, it must be noted that future values are nominal in nature.
What is present value ?
Present values are the exact opposite of future values. During future values we were compounding a present value at a given rate to reach a future value. But in present value calculations, we will discount the future values, which are nominal in nature, at the given cost of capital for the given period to reach the present value. Let’s look at it with the help of an example.
Now, we have a proposal that offers to pay us $1000, 3 years from hence. Our given cost of capital is 10%.
The formula for calculating the present values is as follows:
Present Value = Future Value / (1 + (cost of capital / 100)number of years
i.e. Present Value = $1000 / (1.10)3
i.e. Present Value = $ 751.31
Conclusion :
This means that the equivalent sum of money that we should expect today, given our cost of capital is $751.31. This means that we should accept proposals where present value is more than $751.31, reject proposals where present value is less than $751.31 and be indifferent towards proposals where future value is equal to $751.31.
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When firms determine how much investment spending to make, they will strongly consider?
According to Keynes, businesses will strongly weigh macroeconomic externality when deciding how much investment spending to make. Economy of Zambezi, hypothetical nation, is running at its potential and seeking to increase output levels. When a good or service is produced or consumed in an economy, externalities happen,
when those actions have effect on party that is not directly investment in those activities. When the production or consumption of a particular good or service has an impact on third party who 's not directly connected to production or consumption of that good or service, it is often considered be technical externality.
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While working on a Six Sigma Project, it is important to be aware of interdependencies of processes because: Select one: a. you might need help from processes or people upstream when making improvements b. you have to know how your improvements will impact processes and people downstream. c. Both A and B d. Neither A nor B
The question on the six sigma project having a correct answer is option C. Both A and B.
The Six Sigma technique focuses on understanding clients' requirements better and eliminating defects and waste. These targets are achieved through profound knowledge of statistics, engineering, and project management, as well as the underlying techniques and systems.
It's known as Six Sigma because the term sigma refers to one standard deviation in a data set. The idea is that six such deviations should occur before the process consequences of a defect. While a technique achieves Six Sigma, it reaches a point where the best 3.4 mistakes per one million process events result in a defect.
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A project manager must publish a project schedule. activities, start/end times and resources are identified. what should the project manager do next?
A project manager must publish a project schedule. Activities, start/end times and resources are identified then the project manager should confirm the availability of the resources.
A project schedule is that schedule which provides a general overview of the project, including its timeline, tasks of project , dependencies, and team members to whom it is assigned.
A project schedule should be able to tell everything which we need to know about the project at first glance. By outlining all the high-level details of the project, project progress could be traced in real-time and track for success can be ensured.
Different steps of setting projects schedule are given below:
Project goals are defined.
All stakeholders are identified.
Final deadline is set.
Each step or task is listed.
A team member is given responsibility for each task.
Project schedule is organized in one tool, and shared it with team.
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Fire __________ systems are devices installed and maintained to detect and respond to a fire, potential fire, or combustion danger situation.
Fire suppression systems are devices installed and maintained to detect and respond to a fire, potential fire, or combustion danger situation.
A fire suppression system is a carefully crafted network of components used to put out fires by dousing them with a chemical agent. In most cases, a fire suppression system will already have components that can detect the earliest signs of a fire, such as heat, smoke, or other emissions. These are linked to an alarm system that will sound off and trigger additional measures to put out the fire once it has been spotted. After a fire is detected and/or an alarm is activated, the majority of fire suppression systems will automatically release the application of an external substance to extinguish the fire. Some fire suppression systems, though, require the user to activate the system themselves.
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A sales invoice included the following information: merchandise price, $12,400; terms 1/10, n/eom, FOB shipping point with prepaid freight of $1,200 added to the invoice. Assuming that a credit for merchandise returned of $900 is granted prior to payment and the invoice is paid within the discount period, what is the amount of cash that should be received by the seller
$12,700 is the cash received by the seller.
Calculation:
merchandise price $12,400 + freight $1,200 - credit return $900
= $12,700
The Cash (currency or coins) is legal tender that can be used to the exchange goods, debt, or services. It may also include the value of assets that can be quickly converted into cash, as reported by a company. A seller is any person or company who sells a product, service, or financial asset. Short selling is the practice of borrowing securities that are not owned in order to sell them and then repurchase them at a lower price.
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Next year baldwin plans to include an additional performance bonus of 0. 5% in its compensation plan. This incentive will be provided in addition to the annual raise, if productivity goals are reached. Assuming the goals are reached, how much will baldwin pay its employees per hour?.
Baldwin pays to its employees per hour is $29.63, if productivity goals are reached.
What is productivity goals?Productivity objectives are aimed at increasing the amount of value you create in a given amount of time, such as an hour or a month.
For a more realistic picture, write down a thorough description of your goal, including particular duties, roles, and responsibilities, as well as any challenges or issues that may arise.
Productivity is the ability to generate, particularly at a high quality and rapid pace. Being able to complete high-quality school work in a short period of time is an example of productivity. Productivity can be measured by how rapidly a toy manufacturer can produce toys.
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What activity, process, or asset best allows successful planners to simultaneously move quickly and patiently?
The activity, process, or asset best allows successful planners to simultaneously move quickly and patiently is known as the planning process
What is planning process?The procedures a business takes to create budgets that will direct its future operations are called the planning process. Strategic, tactical, operating, and project plans are some examples of the documents that may have been created.
Operational Planning.The procedure of transforming your strategy plan into a thorough road map that specifies each and every step your team will take on a weekly, or perhaps even daily, basis.
Strategic Planning.A procedure by which the leaders of an organization establish their long-term vision and determine the targets for the organization.
Tactical PlanningA strategy for planning that entails dividing a long-term strategic plan into several smaller, more focused short-term plans
Contingency PlanningA contingency plan is one that is created for a scenario that is not anticipated in the main plan. It is frequently applied to the management of extraordinary risks that, while unlikely, could have disastrous effects.
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Intel wants to become associated with the up-and-comping world of esports. Intel can form this bond most effectively through?
If Intel wants to become associated with the up-and-comping world of esports. Intel can form this bond most effectively through: Sponsorship .
What is sponsorship?Sponsorship can be defined as the process of assisting a company or organization with money or cash. On the other hand sponsorship can be defined as the way in which a company sponsor another company because of the benefit they will derived from the sponsorship
The best next of action to take if Intel wants to become associated with the up-and-comping world of esports. Intel can form this bond most effectively through Sponsorship.
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The function that serves as an intermediary between an organization shipping a product and the actual carrier is.
The function that serves as an intermediary between an organization shipping a product and the actual carrier is Customer Broker.
What is Custom brokers? Custom brokers , also known as customs house brokers, are roles that may be held by or linked to customs brokerage firms, independent companies, shipping lines, importers, exporters, independent businesses, and freight forwarders.Those who hold a license as a customs broker are not considered to be "customs officials" by the government (in other countries the two terms may be interchangeable). The tariff schedule, a list of duty rates for imported goods, CATAIR, the legal and administrative requirements controlling importations, and other trade-related issues must all be known to customs brokers.For instance, a customs broker can be required to inform an importer of the country-specific marking requirements or complete the paperwork for a consignment of clothes that is subject to quotas and visa restrictions.It is possible to prevent delays, item seizures, and fines and penalties that may be imposed against the importer and/or broker by being aware of the criteria for each type of import.To know more about Customer Broker with the given link
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A movement along the phillips curve shows that the unemployment rate and inflation rate are.
The Phillips curve relates the rate of inflation with the rate of unemployment. The Phillips curve argues that unemployment and inflation are inversely related: as levels of unemployment decrease, inflation increases. The relationship, however, is not linear.
What is the relationship between inflation and unemployment shown by the Phillips curve?
The Phillips curve states that inflation and unemployment have an inverse relationship. Higher inflation is associated with lower unemployment and vice versa. The Phillips curve was a concept used to guide macroeconomic policy in the 20th century, but was called into question by the stagflation of the 1970's.
Phillips curve :
graphic representation of the economic relationship between the rate of unemployment (or the rate of change of unemployment) and the rate of change of money wages. Named for economist A. William Phillips, it indicates that wages tend to rise faster when unemployment is low.
Inflation rates :
inflation, in economics, collective increases in the supply of money, in money incomes, or in prices. Inflation is generally thought of as an inordinate rise in the general level of prices.
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The benefits of portfolio diversification are highest when the individual securities have returns that:________
The benefits of portfolio diversification are highest when the individual securities within the portfolio have returns that: are largely uncorrelated with the rest of the portfolio.
Portfolio diversification is the process of investing your money in a variety of securities and asset classes in order to reduce the portfolio's overall risk. Just consider the results of placing all of your funds in a single security. As long as the stock's performance is favorable, everything will be fantastic.
Find asset classes with low or negative correlations to create a Portfolio diversification such that if one declines, the other tends to offset it. Although choosing asset classes to diversify your portfolio with ETFs and mutual funds is simple, one must be wary of hidden fees and trading charges.
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If 51 percent of all goods in the consumer price index (cpi) became more expensive and 49 percent became cheaper?
If 51 percent of all goods in the Consumer Price Index (CPI) became more expensive and 49 percent became cheaper then inflation or deflation could occur.
Inflation refers to an increase in the overall price level where goods becoming expensive. By calculating changes in a measure called the Consumer Price Index (CPI), the official inflation rate is tracked. Thus, the CPI tracks changes in the cost of living over time.
The CPI is the most commonly referenced index in the U.S. The economy is experiencing deflation when the change in prices in one period is lower than the next. This reveals that the CPI index has declined.
Hence, depending upon the changes in the economy, inflation or deflation could occur.
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Tamara has submitted several resumes and anticipates receiving calls regarding interviews. to ensure that she makes the best first impression, she should ________.
Tamara has submitted several resumes and anticipates receiving calls regarding interviews.
To ensure that she makes the best first impression, she should allow calls from unfamiliar numbers to go to voicemail and call back after she has had time to gather her thoughts.
What is a resume?A resume is a personal description of your education, experience, training, and talents. A way to inform companies what you've done in the past and what you can do for them today. Your most significant job search tool for getting an interview and making a good impression on a potential employer.The reverse-chronological resume structure is unquestionably the finest. This is why: It's simple to read and skim. This format is known to recruiters and hiring managers because it is used by the majority of people.
Therefore, to ensure that she makes the best first impression, she should allow calls from unfamiliar numbers to go to voicemail and call back after she has had time to gather her thoughts.
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When dealing with the history of capital market returns, an average stock market return is useful because it:_______.
When dealing with the history of capital market returns, an average stock market return is useful because it simplifies detailed market data & is the best estimate of any one year's stock market return during the specified period.
Historical returns are frequently linked to a security's or index's previous performance, such the S&P 500. When attempting to forecast future returns or predict how a security could respond to a specific circumstance, such as a decline in consumer spending, analysts look at historical return data.
When predicting the standard deviations of upcoming data points, historical returns might also be helpful.
A security or market's past performance can be understood by analyzing historical data, which ranges from predictable economic cycles to unexpected exogenous global occurrences.
Investors interpreting historical returns should keep in mind that past performance does not guarantee future performance.
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Industry and market analysis, competitor analysis, and social analysis are examples of which step in the strategic planning process?
Analysis of external opportunities and threats