Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry.
Service industry is an industry in the part of the economy that creates services rather than tangible objects. These service industry provides a service but does not produce anything.
The industries based on service are an important part of society for a variety of reasons, including- delivering essential services to the public. Pet care salons, skin clinics, and day care centers are all examples of businesses operating in the service industry. These services too generate income.
Hence, service industry play an important role in society.
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When collective decision making is utilized to resolve economic questions regarding the allocation of resources,
When collective decision making is utilized to resolve economic questions regarding the allocation of resources, the role of markets will be replaced by political decision making.
What is a collective decision?
When two or more individuals analyze, choose, or use a good or service, collective decision-making is taking place. Members participate in the decision-making process in both families and organizations in a variety of ways.
How do economists solve the problem of scarce resources?
The government decides what to produce and allocates the resources according to its decisions. Another method the governments use to solve the problem of scarcity is by raising prices, but they must make sure that even the poorest consumers can afford to buy it.
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In the case of distributive bargaining, the ________ point indicates what a person would like to achieve out of a negotiation.
In the case of distributive bargaining, the target point indicates what a person would like to achieve out of a negotiation.
What is collective bargaining?This is when an agreement is reached between employer and employees in an organization on issues that requires urgent attention.
Collective bargaining involves employees working together in an organization coming together to agree about some important matters.
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Too much inventory on hand a.increases the losses due to price declines b.ties up funds that could be used to improve operations c.increases the cost to safeguard the assets d.all of these
A correct option is an option (d) i.e., all of these
What do you mean by inventory?
The accounting of goods, components, and raw materials that a business either sells or utilizes in production are known as inventory. You use inventory management as a business leader to make sure you have enough goods on hand and to spot when there is a shortfall.
Why is keeping too little and too much inventory bad?
Inventory is bought to resell it for a profit, and keeping too much of it on hand can cause working capital to become locked up in items. As degradation happens and demands decline over time, inventory loses value and eventually loses money.
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Total revenue minus the total _____ and total _____ costs of production is economic profit.
Total revenue minus the total implicit and total explicit costs of production is economic profit.
What are the key features of Accounting & Economic profits?
Production is the process of fusing inputs to create outputs, which should ideally be worth more than the inputs.
Revenue, which is calculated as price times quantity sold, is the income from selling a company's goods.
The total revenues less all explicit costs, including depreciation, is the accounting profit.
Total revenues less total costs, including both explicit and implicit costs, equals economic profit.
The main difference between Explicit & Implicit?
Explicit costs are expenses incurred directly by a company, such as payments for goods, rent, labour and salaries.
Implicit costs are a special kind of opportunity cost: they represent the cost of the company's existing resources that could have been used in another way.
An entrepreneur who runs a firm, for instance, could use her labor to pay the bills at a job.
Hence, the answer is explicit and implicit.
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Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing ________.
Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision and goals for the team, set the structure for the team, and communicate with executives. However, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work
Who is a manager?A manager is a leader who have people who directly reports to him. He is charged with the duty of supervision am ensuring that a company goal and objective is achieved.
Therefore, Charlie seems to be in meetings all of the time and has little time to review and approve reports. Charlie is most likely experiencing a hard time at work.
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The recognition that an organization's success is dependent on, and tied directly to, how well it values, engages, and includes the rich diversity of its community members is known as:
Inclusive excellence
The concept of inclusive excellence acknowledges that a community's success is closely related to how well it appreciates, engages, and includes all of its members, including its students, teachers, staff, alumni, friends, and affiliates.
Inclusive excellence is the understanding that an organization's success depends on and is directly correlated with how well it values, engages, and incorporates the rich diversity of its community members.
The Inclusive Excellence framework, which focuses on five imperatives for diversity, equity, and inclusion, is used as the basis for campus and community efforts in the Strategic Plan for Inclusive Excellence.
It offers a method for achieving excellence and equity in the workplace, on campuses, and in the classroom.
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how is join stock company different from other organizations?
A joint stock company is an particular legal entity, apart from the persons involved. It can own support and can because it is an entity it can sue or can be sued. Whereas a federation or a sole proprietor, it has no such legal reality apart from the person involved in it.
Why joint stock company is more relevant than other?
As compared to sole proprietorships and partnership firm, a joint stock company can earn huge amount of accounts. It encourages the mobilization of savings of millions for the productive purposes. Since its capital is separated into share of small value, even an ordinary investor can contribute to its capital.
What are the factors of joint stock companies?The Companies Act 1956 defines a joint stock company as an insincere person created by law, having separate legal entity from its owner with an unchanging sequence and a common seal. Shareholders of Joint Stock Company have limited liability i.e liability limited by warranty or shares.
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Best Buy provides their loyal customers with a relevant coupon based on previous purchases through their mobile phone, while they are in the store. This represents the _____ aspect of the 4E framework of digital marketing.
This represents the exciting aspect of the 4E framework of digital marketing.
What does the digital marketing 4E framework stand for?The foundation of applied behavioral science is behavior change frameworks. These summaries of cutting-edge decision-making insights, created by behavioral scientists for policymakers and business leaders, are crucial for implementing research in both the public and private sectors. Frameworks reduce human decision-influencing tactics to easily remembered, carryable mnemonics or acronyms.
Education, empowerment, entertainment, and engagement are all part of the 4E paradigm for social media marketing. Each makes an effort to use a different technique to persuade customers to buy your good or service.
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The new equilibrium price and quantity suggest that the shape of the long-run supply curve in this industry is:_________
The new equilibrium price and quantity suggest that the shape of the long-run supply curve in this industry is horizontal.
In astronomy, geography, and related sciences and contexts, a direction or plane passing through a particular point is said to be perpendicular if that point contains the local direction of gravity. Conversely, a direction or plane is said to be horizontal if it is perpendicular to the vertical. In general, vertical objects can be drawn from top to bottom (or bottom to top). B. The y-axis of the Cartesian coordinate system.
A horizontal line is a line that runs from left to right. When you watch the sunrise over the horizon, you see the sun rise above the horizon. The x-axis is an example of a horizontal line.
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What is a difference between being cheap and rich?
Most federal expenditures in texas go to education and health and human services. However, in order to receive these funds, texas must:______.
a) allow the federal government to manage these programs.b) implement progressive taxes in order to generate more revenue.c) coordinate efforts with neighboring states to achieve economies of scale.d) spend state money in these areas first.
For the federal government to fund education and health in Texas, the state government has to d) spend state money in these areas first.
How does Texas access federal funds?Existing federal arrangements with Texas allow it to access federal funding in certain areas such as education, health, and human services.
In order to access these funds however, the Texas government needs to show a commitment to improving these areas by spending on them first.
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____ are the standard for business documents and come in both personal and network versions.
Laser projectors are the standard for business documents and come in both personal and network versions.
How do laser projections work?The method that laser projection creates the image we see on screens is different from bulb-based projection. When using bulb-based projection, a panel must be illuminated by the light source (the bulb) in order to create the image. In contrast, laser projectors produce light using lasers.
Many people think that laser projectors represent the future of projectors because of the numerous advantages offered by this technique.
Nevertheless, consumers find laser projectors to be particularly appealing due to their many advantages over bulb projectors.
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As defined by sanford meisner, acting is, "living __________________in imagined circumstances.
Living turthfully in imagined circumstances is the answer. Sanford Meisner, an American theatrical professional, created the Meisner technique as a method of acting. The Meisner method aims to get the actor to put their attention on the other performers around them rather than on themselves.
In order to achieve this, several Meisner technique exercises are built on repetition, making the words appear trivial in comparison to the underlying feeling.
In the Meisner approach, the other actor is given more attention than one's own internal feeling or thoughts related to the character. Lee Strasberg method acting is distinct from Meisner technique.
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The table below shows the weekly demand for hamburgers in a market where there are just three buyers.
At a price of $6, the quantity of hamburgers demanded in the market is 17.
What is the quantity of hamburgers demanded ?A market demand schedule is a table that shows the total quantity of a good that is demanded at a certain price in the market. Looking at the table, it can be seen that there is an inverse relationship between price and quantity demanded.
In order to determine the total quantity demanded when price is $6, add the quantity demanded by buyer 1, 2 and 3 together.
Total quantity demanded : 7 + 4 + 6= 17
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The percentage of commercial banks' checking and savings accounts that must be kept in the bank is referred to as ______.
The percentage of commercial banks' checking and savings accounts that must be kept in the bank is referred to as :- Statutory Reserve Ratio.
The statutory reserve ratio (SRR) is the proportion of the deposit liabilities that commercial banks are required to keep as a cash deposit with the Central Bank. Under the Monetary Law Act (MLA), commercial banks are required to maintain reserves with the Central Bank at rates determined by the Bank.
Why is SRR important?Reserve requirements are the amount of funds that a bank holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals. Reserve requirements are a tool used by the central bank to increase or decrease the money supply in the economy and influence interest rates.
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Answer:
reserve requirement
Explanation:
Aggregate supply (as) denotes, while holding the price of inputs fixed, the ________ that firms choose to produce and ________.
Aggregate supply (as) denotes, while holding the price of inputs fixed, the price level of output that firms choose to produce and GDP.
What is aggregate supply?Aggregate supply is when goods and service produced or manufacture are made available to buyers or can be defined as the amount of goods produce and supply to the market at particular period of time.
Aggregate supply can tend to increase in a situation were the price of goods and services decrease or when the price of product fall.
Therefore, Aggregate supply donate, while holding the price of inputs fixed, the price level of output that firms choose to produce and Gross domestic product (GDP).
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The textile industry is composed of a large number of small files. In recent years, these firms have suffered economic losses, and many sellers have left the industry. Economic theory suggests that these conditions will
The textile industry is composed of a large number of small files. In recent years, these firms have suffered economic losses, and many sellers have left the industry. Economic theory suggests that these conditions will "shift the market supply left and the price of textiles will rise".
What is economic theory?An economic theory is a body of concepts and precepts that describes how various economies operate. An economist may use theories in many ways depending on their specific function.
The purpose of economic theory are-
Its goal is to examine and clarify how various economic factors behave. Positive theory and welfare theory are the two main divisions in the body of economic theory. Positive theory makes an effort to examine how the economy functions without taking ultimate goals or the desirability of its outcomes into account. The main focus of welfare theory is to assess the economic system in light of moral objectives that are independent of economic analysis.To know more about the economic theory, here
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What financial impacts could result if a for-profit organization was built within your community?
The financial impacts for-profit organization is one that operates with the goal of making money. Most businesses are for-profits that serve their customers by selling a product or service.
The business owner earns an income from the for-profit and may also pay shareholders and investors from the profits. The establishment of a for-earnings business has a few clean advantages: self-employment and financial rewards proportional to success. It is not with out risks, but, which includes financial liability and obligation to traders and creditors.
A fitness care machine run by way of for income will offer the greatest advantages at least price. First, for-income health care will decrease the prices of care.
A for-profit business enterprise is one that operates with the purpose of creating wealth. maximum corporations are for-income that serve their customers by selling a services or products. The business proprietor earns an earnings from the for-earnings and may also pay shareholders and investors from the profits.
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Linda earns $83,000 per year as an employee. How much will she pay this year in Social Security taxes
Answer: b.$5,146.00
Explanation:
Social security tax rate is 6.20%, you would multiply $83,000 by 0.062 to get a total of $5,146
Customers have legitimate doubts during the sales process, and salespeople should:_____.
Customers may have legitimate doubts, and salespeople are there to resolve them.
Successfully and honestly working with others helps build relationships based on trust. Often salespeople can introduce the customer to others in the firm who can answer their questions and provide them with anything they need.
Customers count on salespeople to point out fresh potential for cost-cutting, revenue-boosting, market-penetration, and risk-mitigation that they themselves may not have yet noticed. The worth of their ideas, as opposed to the caliber of their offerings, is what distinguishes the finest salesmen.
Customers seek for salespeople who stand out from the competition. They seek out salespeople who can articulate why they are superior to those in the field.
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3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May.
The first production department's cost of ending work in process inventory for materials, conversion, and in total for May is:
Cost Account For
Complete 262,400 0.97 254,528
Calculations and ParametersGiven:
Opening Units 51000
Started 242400
Complete 293400
Transferred -262400
Closing 31000
The complete text contains the production table and the first production cost is given above.
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Using the AND or OR statement, filter the employee table for employees who have a title starting with Sales and an address containing Ave. Identify the last name of the 3rd record. Steve Margaret Johnson Peacock
Answer:
can you be more clear with your question
Pine Valley Lumber issues 15,000 shares of 9%, $45 par value preferred stock with a cumulative dividend feature for $65 cash per share. What is the minimum annual dividend the holders of this stock can collectively expect to receive
The minimum annual dividend the holders of this stock can collectively expect to receive is $60,750.
Minimum annual dividend
Using this formula
Minimum annual dividend=Number of shares×par value preferred stock×Dividend rate
Let plug in the formula
Minimum annual dividend=15,000 shares × $45/share par value × 9%
Minimum annual dividend=$60,750
Therefore the minimum annual dividend the holders of this stock can collectively expect to receive is $60,750.
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Which audience analysis anticipates resistance if something is going to cost money?
The audience analysis that anticipates resistance if something is going to cost money is a situational analysis. This is further explained below.
What is situational analysis?
Generally, An organizational situation may be better understood by doing a situational analysis, which is a set of techniques for evaluating both the internal and external variables of a company.
In conclusion, A situational analysis is the kind of audience analysis that determines whether or not there will be opposition to anything if it will cost money.
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Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that _____ are a key to success.
This situation reiterates the belief that network effects are a key to success.
What is Network Effect?A network effect is a phenomena in which the value or utility derived by a consumer from a good or service is proportional to the number of customers of similar goods.
The Network Effect is platform becomes more useful as its total computing power increases.
The network effect is a phenomena in which the value of a commodity or service increases as the number of persons or participants increases. However, as more people gained access to the Internet, more material, information, and services were created.
In Other Word , The network effect is a phenomenon that explains that the number of users can increase or decrease the value of a system. The best example of the network effect is the internet and E-commerce websites. At first, there were hardly any clients yet with time, the estimation of web expanded because of increase in several clients.
Therefore, we can conclude that the correct option is C.
Your question is incomplete, but most probably your full question was:
Less popular open source products are not likely to attract the community of users and contributors necessary to help improve these products over time. This situation reiterates the belief that _____ are a key to success.
A. proprietary products
B. brand strategies
C. network effects
D. technology expenses
E. advertising campaigns
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Under a typical listing agreement, what duties does the broker and the sales agent owe to the seller
The duties of the broker and the sales agent owe to the seller are:-
Build relationships with your customers.negotiations with customers.processing sales transactions.analysis of data and market trends.processing of sales transactions;Evidence of solid understanding of the company's products or services.Networking to attract potential clients.Sales agents are professionals your company hires to market your products and services while acting as brand spokespersons. Salespeople are often independent workers who earn commissions based on the amount they sell. Some salespeople work for commercial agencies that employ employees.
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The retailing practice of integrating customer experiences across the physical and online channels is referred to as
The retailing practice of integrating customer experiences across the physical and online channels is referred to as Omni-channel retailing.
What is Omnichannel Retailing?
Omni-channel retailing describes a model in which clients are able to interact with multiple sales and media channels at once, and have their information retained by the retailer as they move between them.
For example, omni-channel retailing allows your clients to browse on a desktop, compare prices on a mobile device, then visit your brick-and-mortar location to finalize a purchase — all without having to restart their customer journey. The omni-channel retailing links together all channels, combining the showroom and the website to create a single, unified experience.
Therefore, we can conclude that the correct option is B. The retailing practice of integrating customer experiences across the physical and online channels is referred to as Omni-channel retailing.
Your question is incomplete, but most probably your full question was:
A. full-service retailing.
B. omni-channel retailing.
C. digital retailing.
D. multi-channel merchandising.
E. scrambled merchandising.
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Which of the following theories holds that multiple leadership variables determine the probability that leadership will occur, including the qualities of a leader, the characteristics of followers, and the nature of a situation
Leadership contingency theory is the theory that holds that multiple leadership variables determine the likelihood that leadership will occur, including the qualities of a leader, the characteristics of followers, and the nature of a situation.
What is leadership contingency theory?It is an approach to the relationship between leadership styles and organizational structure, that is, an effective leader is one who aligns his management style with the place where he operates and his needs, in order to develop control, organization and cooperation. to achieve organizational objectives.
An effective leader will be one whose actions will serve as a reflection for the actions of his subordinates, who must practice ethical and responsible actions in favor of motivating and improving the perception of employees in relation to their functions and the company.
The leadership style must promote cooperation, feedback, communication and the creation of an organizational culture focused on the development of employee skills.
Therefore, according to contingency theory, a good leader is one who has a comprehensive view of the organizational systems he manages, providing support for the development, motivation and productivity of his team.
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The __________ ensures that when consumers provide their verbal agreement during the telephonic enrollment, they acknowledge and understand they are actually enrolling, in which plan they are enrolling, as well as the standard disclosures.
The statement of understanding ensures that when consumers provide their verbal agreement during the telephonic enrollment.
What is the statement of understandingThis is the statement that is used to show that there is understanding by a customer when he or she signs a document.
This is used to show that the person is well informed based on what they have signed.
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which characteristic that may pose a potential nutrition problem would the nurse identify in a preterm neonate
The immature sucking reflex is the characteristic that may pose a potential nutrition problem in a preterm neonate.
Immature sucking reflex- Th reflex of sucking doesn't start at the 32nd week of pregnancy and is not fully developed till the 36th week. If the baby is born prior to the 36th week, it will not allow the sucking reflex to be fully devloped. The immature sucking reflex will not allow the baby to consume the milk of the mother or the food required for development. Such immaturity of reflex will lead to the nutrition problem because of a lack of sufficient intake.
Later infants may develop various diseases and can be anemia. the infant requires extra care in such a situation, the increase in the flow of milk may help the infact in intake.
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