Personal Selling involves the two way flow of communication between a buyer and seller, often in a face to face encounter, designed to influence a person's or group's purchase decision.
What is Two way flow of communication?Two-way communication involves feedback from the receiver to the sender. This allows the sender to know the message was received accurately by the receiver. Communication is also negotiated which means that the sender and receiver listen to each other, the messages then gathers information to respond.
The two-way communication process involves the sender transmitting the message or information that may be of significance to the receiver. The receiver, upon getting the message, deciphers it and replies with the feedback.
What is Personal Selling?Personal selling is also known as face-to-face selling in which one person who is the salesman tries to convince the customer in buying a product. It is a promotional method by which the salesperson uses his or her skills and abilities in an attempt to make a sale.
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Decisions regarding managing and monitoring day-to-day business activities are referred to as ________ intelligence. analytical transactional operational business production
Operational intelligence.
What is Operational Intelligence?Operational intelligence (OI) is a subset of dynamic, real-time business analytics that provides visibility and understanding of data, streaming events, and business operations. OI systems use streaming data streams and event data to conduct queries on them in order to offer analytical results as operational directives. OI gives businesses the capacity to make decisions and take fast, manual or automated action in response to these analytical insights.Purpose of Operational intelligence:The goal of OI is to keep an eye on business operations, spot situations including inefficiencies, chances, and threats, and offer operational solutions. Operational intelligence is also described as an event-centric approach to information delivery that enables individuals to make better decisions based on complete and accurate information.Therefore, decisions regarding managing and monitoring day-to-day business activities are referred to as operational intelligence.
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complete the following analogy. disobedience : punishment :: unemployment : ___________
The Analogy of unemployment is Penury
Analogy can be described as when two objects are compared together, it could also mean the similarities between two things.
Unemployment is a state of having no job or something doing tp bring money. In a state of unemployment, the individual us said to be struggling and poor
Penury means lack of essential resources and having no money
Hence unemployment and penury are similar in meaning
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Of the following, which is the BEST example of an extended family?
Jermaine, a divorced father, has custody of his two sons and lives with them in a small home.
Amy and Lisa, a married gay couple, live with their adopted daughter in an apartment in Manhattan.
Dimitri, his parents, his two brothers, and his mother’s parents live on a farm in southeast Iowa.
Michail and Sasha, along with their daughter Tatiana, live in a townhouse in the suburbs of Chicago.
Answer:
Dimitri, his parents, his two brothers, and his mother’s parents live on a farm in southeast Iowa.
Assume that a company buys a new machine for $220,000 that has a useful life of five years and a $20,000 salvage value. The new machine will replace an old machine that can be sold for a salvage value of $10,000. The machine will generate incremental contribution margin of $37,500 per year. The only fixed expense associated with the new machine is its annual depreciation of $40,000 per year. What is the payback period for this investment
= $ 220000 – 10000
= $ 210,000
Annual Cash inflow = Contribution margin = $ 52500Payback period = Initial cost of investment /Annual cash inflow=$210000 / 52500
= 4.0 years
Answer = 4.0 yearsHence, in four years pay back period for this investment will take place
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Manu works for an auto parts company in New York. He provides information and advice that are not available online to his clients, who are mainly small businesses like Briarcliff Auto. Manu provides credit to Briarcliff Auto, coordinates supplies of parts from several sources to Briarcliff Auto, delivers parts to Briarcliff Auto, and processes returns. Manu is a _______. a. distributor b. reseller c. marketer d. businessmen
Manu is a distributor.
What is a distributor?
A distributor is an organization that purchases non-competitive products or product lines and sells them directly to consumers or clients. The majority of distributors also offer a number of other services, including technical support, warranty, and service.
To access markets that manufacturers could not otherwise target, distributors are crucial. Because a local business already has clients, relationships, and contacts, and is more familiar with the customs and business culture of the area, businesses frequently hire distributors. A potential customer's first point of contact with the manufacturer is the distributor.
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What actions would the fomc likely take if it were to pursue contractionary monetary policy using open market operations?.
The key movements via are to increase the economy consist of a decreased bargain fee, buying government securities, and a decreased reserve ratio.
When the Fed makes use of contractionary policy?When GDP in a kingdom is growing too fast, inflicting inflation to grow past a suited charge of two%, central banks will put in force a contractionary economic coverage. The Federal Reserve, or any principal financial institution, has three primary pieces of equipment to reduce the money supply.
A direct advantage of contractionary economic coverage is that it strengthens government budgets. As an instance, whilst the Fed's bargain price increases, the government earns extra cash from the banks that borrow budget from the Fed's cut price window. The government can use this supply of sales to offset spending and decrease price range deficits.
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The greatest amount of satisfaction comes from which utility?
The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer.
What is the term about?A utility maximizer is known to be a person that seeks to get the highest satisfaction or happiness.
Utility is known to be the happiness or benefit consumers gotten from a good's consumption.
Therefore, The greatest amount of satisfaction comes from good's consumption of utility or say utility maximizer
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In order to manufacture their high-end mountain bikes, Pedal On Inc., needs a special oil it can only import from a company in India. In turn, that company can only produce the oil with ingredients it obtains from the exclusive producer in Thailand. The company in Thailand agrees to provide the ingredients to the company in India in exchange for a quantity of mountain bikes from Pedal On. This beneficial exchange is a form of
Based on the fact that this exchange will be beneficial to both the Thai company and Pedal On Inc, this is a form of quid pro quo.
What is quid pro quo?This is a form of exchange where a party gives the other party something they want and the other party returns the favor by giving something that first party wants.
In this exchange, Pedal On Inc. will get the exclusive oil that they want, while the Thai company will get a quantity of mountain bikes.
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An investment adviser representative has been reviewing the likelihood that an equity investment will produce the desired return. He has determined that the mean return on the investment is 15%, with a 12% standard deviation, and a 95% probability of occurrence. This means that he would expect the range of returns to be approximately:
The investment adviser would expect the range of returns on the equity investment to be between 5% and 35%.
What is the range of the desired return?The lower bound of the range is:
= Mean return - Standard deviation
= 20% - 15%
= 5%
The upper bound of the range is:
= Mean return + Standard deviation
= 20% + 15%
= 35%
The range is therefore 5% to 35%.
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The range of returns to be approximately 3.00% - 27.00%
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
A 12% standard deviation means that the investment return can vary plus or minus 12% from the mean (average) return over the course of a year. With a 15% average (mean) return, it might fall as low as 3% (15% - 12% deviation); or it might rise as high as 27% (15% + 12% deviation).
The probability of the return falling in this range is 95%. This has nothing to do with the actual calculation of the range of returns.
As a result, 3.00% - 27.00% is correct.
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BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis initiatives. Group of answer choices True False
The answer is, False.
A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions. BI is a tool for achieving goals, not a goal in and of itself.BI is a crucial tool since technology is advancing quickly and steadily.For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years. Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.What do you mean by business intelligence?Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.What is business intelligence give examples?BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition. Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.Learn more about business intelligence here:
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Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savion discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.
Based on the amount that Savion would have to spend additionally, he should sell the car now because he would make more profit.
Why should Savion sell the car now?If Savio makes additional work on the car, the profit would be:
= 5,800 - 2,400
= $3,400
This is as opposed to the $3,800 he could make from selling the car at $3,800 so the best thing to do is to sell the car.
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A company is targeting its marketing by running an advertising campaign showing a hmong family celebrating its traditions during the 4th of july holiday. The ad campaign features the company products being used by the children. What area of consumer decision influence is the marketing campaign using?.
The area of the consumer decision that is being used by this company is the target of American culture, an ethnic subculture, and family.
What is consumer decision?This is the term that is used to refer to the decisions that are being made by people in the consumption of goods and services.
People make these decisions based on their families, their culture and the area that they find themselves.
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When the project may be completed early with some parts of the project eliminated this is considered to be
A premature closure occurs when the project may be completed early with some parts of the project eliminated.
What is a premature closure?
This refers to a situation whereby the project is of strategic importance and must be delivered earlier than expected.
Hence, this also occurs when the project may be completed early with some parts of the project eliminated.
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Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers are able to beat the market consistently, the majority of mutual funds underperform the market index at every point in the market cycle as well as in the long-run. B. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index. C. Some mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run approximately half of all mutual funds underperform the market index. D. No mutual fund managers are able to beat the market consistently, the majority of mutual funds may outperform the market at certain points in the market cycle, but in the long-run the majority of mutual funds underperform the market index.
The correct option is (d).
Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit. Each variety has unique characteristics, dangers, and benefits.The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation. The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.Learn more about mutual funds performance brainly.com/question/9000802
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Consider these statements about annuities and perpetuities and decide which is accurate. Group of answer choices The future value of a perpetuity can be computed using low discount rates.. A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan. An ordinary annuity is worth more than an annuity due given equal annual cash flows for eleven years at 8 percent interest, compounded annually.
The accurate statements on annuities and perpetuities are:
A perpetuity comprised of $200 monthly payments is worth more than an annuity comprised of $200 monthly payments, given an interest rate of 12 percent, compounded monthly. Most business loans are a form of an amortized loan.What is true of annuities and perpetuities?A perpertuity's present value is:
= Amount / periodic rate
= 200 / (12% / 12 months)
= $20,000
This is larger than the present value of an annuity of the same amount if the payment period is not long.
Business loans come as amortized loans for the most part because the business will have to pay back a specific amount every period that includes interest and principal repayment.
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The approach used when overhead is applied to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs is called.
A method of costing whereby overhead costs are allocated to a job by multiplying the actual cost of the allocation base incurred by the job by a specified overhead rate is known as Normal Costing.
What is predetermined overhead rate?
An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods.
Predetermined overhead is frequently calculated at the start of each reporting period by dividing the anticipated manufacturing overhead expenses by an allocation base.
The allocation base refers to the time taken to perform an activity such as the machine hours, direct labor hours etc.
Normal Costing also known as the product costing method in which the several cost such as the direct cost, material cost, manufacturing overhead cost as well as the work in progress is added.
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Ensuring that every fact fits with every other fact best describes: A. the impartiality characteristic a systems analyst needs during requirements determination. B. the reframing characteristic a systems analyst needs during requirements determination. C. the attention to details characteristic a systems analyst needs during requirements determination. D. the impertinence characteristic a systems analyst needs during requirements determination. E. the relaxing of constraints characteristic a systems analyst needs during requirements determination.
Ensuring that every fact fits with every other fact best describes: the attention to details characteristic a systems analyst needs during requirements determination.
What is requirement determination?The process of determining needs entails researching the current system in order to identify its requirements, functioning, and potential areas for improvement.
Requirement determination involves following activities:
The system is being examined, and its attributes are being recorded for future research.At the core of system analysis, fact-finding methods, prototyping, and computer-aided tools are used to record and describe system features.The important characteristics of requirement determination-
The first stage is acquiring information.The second stage is creating the draft.The third stage is to examine the draft.The Code is formally approved in step four.Presenting the Code is step five.Sixth step is implementing the Code.To know more about fact-finding technique to obtain various information, here
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Consider a hypothetical market for salt in Canada. If the world price of salt is $40 per ton and Canada allows free trade, Blank______ tons of salt would be imported to Canada. Suppose the Canadian government imposes a tariff of $20 per ton on salt. The new price would be equal to Blank______.
Based on the world price of $40, if Canada engaged in free trade, the tons of salt imported would be 1,200 tons.
If a tariff of $20 per ton was imposed, the new price would be $60.
How much salt would Canada import?Canada would import:
= Domestic demand at $40 - Domestic supply at $40
= 1,800 - 600
= 1,200 tons
If the government imposed $20 tariffs on salt, the price would go to:
= Price of salt + tariff
= 40 + 20
= $60
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PLEASE HELP ME!! sos
The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
What Is a Blank Endorsement?A blank endorsement refers to a signature on a financial instrument together with a check. No payee is specified, so any holder of the instrument ought to declare payment. The signature basically turns the instrument right into bearer security.
That is, it isn't registered to any individual however is payable to the individual that possesses it.
Therefore, The statement that best describes a blank endorsement is putting a signature of your name in the endorsement area of the check. Thus, Option C is the correct statement.
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According to Michael Kremer, large populations: a. require the capital stock to be spread thinly, thereby reducing living standards b. place great strains on an economy's productive resources, resulting in perpetual poverty c. are a prerequisite for technological advances and higher living standards d. are not a factor in determining living standards
According to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
Who is Michael Kremer?Michael Kremer is an American development economist and a Nobel Prize winner for developing an innovative economic theory for poverty alleviation, especially in large populations.
Michael Kremer did not think that large populations disadvantaged the nation, but it could be a factor in increasing the living standards through technological advances.
Thus, according to Michael Kremer, large populations c. are a prerequisite for technological advances and higher living standards.
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Consumers experience ______ marginal utility the more they consume of a particular good or service.
Consumers experience diminishing marginal utility the more they consume of a particular good or service.
Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.
Positive marginal utility occurs when the consumption of an additional item increases the total utility. On the other hand, negative marginal utility occurs when the consumption of one more unit decreases the overall utility.
The law of diminishing marginal utility states that all else equal, as consumption increases, the marginal utility derived from each additional unit declines.
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Which of the following is a reason the government can’t completely control the business cycle
The basic reason is the government can’t control interest rates is the business cycle. Changes in interest rates should be reflected in the business cycle.
What is business cycle?
The term "business cycle" is used by economists to describe the increase and decrease in economic activity over time.
The interest rate cycle is closely related to the business, trade, and economic cycles. Theoretically, changes in interest rates should be reflected in the economic cycle. But the government can’t completely control interest rates.
Governments attempt to control business cycles through spending, tax increases or decreases, and interest rate changes. In order to stifle inflation and slow down the economy, the government will raise interest rates.
As a result, option (b) the government can't control interest rates is correct.
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Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it is responsible for creating trade deficits. helps eliminate the uncertainty about the value of a currency. leads to uncertainty about the value of goods traded internationally. keeps a nation from trading fairly with other nations. is based on the value of gold held by a nations.
Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.
What is a floating exchange rate?A floating exchange rate refers to the foreign exchange rate as determined by the forex market based on supply and demand relative to other currencies.
A floating exchange rate system gives the government more scope to use monetary and fiscal policies to achieve domestic economic stability, unlike a fixed exchange rate regime.
Thus, proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it C. leads to uncertainty about the value of goods traded internationally.
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Identify the correct definition of an asset. Multiple choice question. An asset is an amount owed to a creditor. An asset is a resource that a business owns or controls. An asset refers to the claims of a business's owners.
The proper definition of an asset is a resource that a corporation owns or controls, one that has economic worth and improves the financial situation of the firm. The best way to describe an asset is option B.
Something with an economic worth that a person, bunch, or company may claim or manage is alluded to as an asset. It stands for an inescapable choice in the longer term which can make strides within the money-related consistent quality of the organization.
Both tangible and intangible assets are considered assets, and they are often divided into distinct categories on a balance sheet, such as current assets (short-term assets like cash, accounts receivable, and inventory) and non-current assets (long-term assets like property, equipment, and investments).
Hence, the correct option is B. An asset is a resource that a business owns or controls.
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The given question is not in proper format; below is the question.
Identify the correct definition of an asset. Multiple choice questions.
A. An asset is an amount owed to a creditor.
B. An asset is a resource that a business owns or controls.
C. An asset refers to the claims of a business's owners.
Assume that the promissory note from Vexnet to Onyx Advertising was payable on a date certain (and all other requirements were met) so that it was a valid negotiable instrument. How would the instrument be negotiated
The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.
What is negotiable instrument?A negotiable instrument is known to be a kind of a signed document that tells or promises a given amount of payment to a particular individual or the assignee.
Note that in the case above, The way the instrument need to be negotiated is that Since it is an order instrument, it is negotiated by delivery and indorsement.
See options below
Since it is an order instrument, it is negotiated by delivery only.
Since it is a bearer instrument, it is negotiated by delivery and indorsement.
Since it is a bearer instrument, it is negotiated by delivery only.
Since it is an order instrument, it is negotiated by delivery and indorsement.
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What feature allows the customer to edit the payment date field when viewing an online invoice?.
In the Online invoice, the edit features allows the customer to edit the payment date field.
What is the edit features?In an Online invoice such as in the CRM, this is a features that ensures that customers can edit their input after initial submission.
Hence, the edit features in online invoice allows the customer to edit the payment date field.
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(Scenario: Assets and Liabilities of the Banking System) According to the Scenario: Assets and Liabilities of the Banking System, suppose that the reserve ratio is 10 percent when the Federal Reserve sells $25,000 worth of U.S. Treasury bills to the banking system. If the banking system does NOT want to hold any excess reserves, _______ will be _______ the money supply.
If the banking system does NOT want to hold any excess reserves, $250,000 will be added to the money supply.
What is an excess reserves?Excess reserves is known to be the capital reserves that is said to be held by a bank or financial institution and it is one that is too much or is in excess of what is needed by regulators, creditors, or others.
Since there is $25,000 worth of U.S. Treasury bills, one will multiply it times 10 = $250,000
Therefore, If the banking system does NOT want to hold any excess reserves, $250,000 will be added to the money supply.
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Which of the following will probably happen to a product when demand is low?
A. The price will go up.
B. The price will go down.
C. The price will stay the same.
D. The price will change based on inflation.
Answer:
Answer = B
Explanation:
If nit many people want a product the seller would lower the price to make it seem like a bargain or make it more affordable
The most lucrative podcasts can make about how much money per podcast off ads?
A. $25,000
B. $70,000
C. $14,000
D. $52,000
The owner of a national software company has been watching current economic information for the past two quarters and a rapid rise in demand for its software suites. Last month 30 new software engineers were hired to meet the demand. Even though these new hires will finish their project work in a few months, the owner plans to retain them in anticipation of future demand. Why is the owner making these type of decisions for the long-run
The owner is making this long-run decision based on his rational expectations of economic growth to meet future demands.
What are long term decisions?They are a strategic process that means designing an economic scenario based on perspectives, vision and organizational goals, with short-run decisions being the actions present to achieve long-run objectives.
Therefore, the owner is making long-run decisions in line with his expectations for the future of the business by looking at the current economic scenario.
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