In business-to-consumer sales, the salesperson does not have to do much prospecting or qualifying.
Business-to-consumer sale is a form of sales that occurs between a business and its customers. There is no middle person involved in this form of sales.
Thus, the consumer does not have to do anything much to be sold a product.
An example of business-to-consumer sales is online retailers who sell products to consumers online.
The consumers do not have to do much prospecting or qualifying.
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Suppose people cannot tell for sure whether they will fall ill in any given year. High-risk people correctly perceive their chance of falling ill in a year is 30 percent, and low-risk people correctly perceive that their chance of falling ill is 10 percent. Both high-risk and low-risk people have to pay $10,000 in medical expenses if they fall ill, and nothing if they remain healthy.a. What are the expected annual medical expenses of a high-risk person?$ per yearb. What are the expected annual medical expenses of a low-risk person?$ per yearc. Suppose insurance companies cannot tell whether someone is high-risk or low-risk. They only know that half of all people are high-risk, and half of all people are low-risk. So, they offer a health insurance policy that costs $2,000 per year in exchange for covering all of a person's medical expenses should they fall ill. If high-risk people, and low-risk people are risk-neutral, then who will purchase this insurance policy? Will the insurance company be able to stay in business if it continues to charge $2,000 per year? Briefly explain.(Click to select) Only low-risk people or Neither high-risk nor low-risk people or Only high-risk people or Both high-risk and low-risk people will want to purchase the insurance policy.The insurance company (Click to select) will not or will be able to stay in business because on average the company will (Click to select) break even or pay less to each customer than the revenue it receives from each customer or pay more to each customer than the revenue it receives from each customer .
The expected annual medical expenses of a high-risk person is $3000 per year while that of a low-risk person is $1000 per year.
The expected annual medical expenses of a high-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 30% × $10000
= 0.3 × $10000
= $3000
The expected annual medical expenses of a low-risk person will be calculated as:
= Probability of falling ill × Expenses in case of illness
= 10% × $10000
= 0.1 × $10000
= $1000
It should be noted that in a situation where the individuals are risk neutral, the low-risk persons will not buy insurance as only the high-risk individuals will be expected to buy insurance.
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3) The promotional tactics employed by Red Bull are evidence of ______________________________. a sales promotion b a push strategy c socially responsible marketing d personal selling e a pull strategy
The promotional tactics which are employed by Red Bull are evidence of pull strategy.
In marketing, the pull strategy is a strategy employed by a company to bring customer to them rather than pushing its product on the customer.
The pull strategy entails strategy which makes customers very excited about the product and to tell their relatives about its.
The promotional tactics employed by Red Bull is one which tries to get press attention for their activities.
Therefore, in conclusion, the Option E is correct because it is very evident of been used by Red Bull as its main promotional tactics.
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Suppose that a restaurant uses a focus group of regular customers to determine how many customers would buy a proposed new menu item at various prices. Can this information be used to estimate an inverse demand function? A demand function? Explain briefly. Would it be possible to use a focus group to generate data that could be used to estimate a demand function that includes both price and income as explanatory variables?
The information can be used to estimate an inverse demand function and a demand function as E. the demand curve, and the inverse demand curve can be calculated from it.
A demand function with price and income as explanatory variables can be generated from the focus group by capturing buying pattern data at different prices and levels of income.
It should be noted that a demand function simply shows the relationship that exists between the quantity demanded and price. Based on the question, using a demand function can be computed easily since quantity is a function of price.
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Tamika is a manager at Sleeveless Clothes, Inc. Recently, she was assigned a work team. She is in charge of the team, and it consists of the subordinates under her authority. This is an example of a __________ team.
A. horizontal
B. functional
C. self-managed
D. special-purpose
E. social
Answer:
The answer is b: functional
Answer:
B. functional
Explanation:
Tamika is a manager at Sleeveless Clothes, Inc. Recently, she was assigned a work team. She is in charge of the team, and it consists of the subordinates under her authority. This is an example of a functional team.
Which of the following refers to a unit of two or more people who interact and coordinate their work to accomplish a common goal to which they are committed and hold themselves mutually accountable?
Answer:
a team
Explanation:
The A - B - C rule stands for all business consolidated rule true or false?
Answer:
FALSE!
Explanation:
Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Baldwin's 12.4S2028 bond early. Select : 1 Submit Answer $5,827,834 $5,494,654 $5,488,654
Based on the brokerage fees and the market value, the amount needed to retire the bond early is $5,499,668
The details are incomplete but in order to find the amount needed to retire the bond, the formula is:
= Brokerage fees + (Face value x Closing price/ 100)
Assuming a Face value of $5,675,277 and a closing price of $96.80, the amount needed would be:
= 6,000 + (5,675,277 x 96.80 / 100)
= $5,499,668.136
= $5,499,668
In conclusion, it would cost $5,499,668.
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Mary worked on the assembly line at an automobile assembly plant. People weren't buying as many cars, and she was laid off. How would you classify Mary
We will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
Basically, the cyclical unemployment is the unemployment experience as a result of economic upturn and downturn.
The cyclical type of unemployment are mostly experienced during economic recessions.
It is obvious that people were not buying as many cars because of economic downturn.
Therefore, in conclusion, we will classify Mary as been cyclically unemployed because she is unemployed due to the economic downturn.
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Garcia Corporation purchased a truck by issuing an $80,000, 4-year, zero-interest-bearing note to Equinox Inc. The market rate of interest for obligations of this nature is 10%. Prepare the journal entry to record the purchase of this truck. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275. Credit account titl
Based on the information given the appropriate journal entry to record the transactions is:
Garcia Corporation Journal entry
Debit Truck $54,641
Debit Discount on notes payable $25,359
Credit Notes payable $80,000
(To record the purchase of truck)
Truck =Purchase price×1/(1+Interest rate)^Number of years
Truck=$80,000×1/(1+.10)^4
Truck=$80,000×1/(1.10)^$
Truck=$80,000×0.683013
Truck=$54,641
Discount on notes payable = Notes payable - Truck
Discount on notes payable =$80,000 - $54,641
Discount on notes payable = $25,359
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PLEASE HELP!!!
6. Make a list of at least 3 people you would want to give copies of your business plan to, and explain why you chose each of those people. (1-5 sentences. 3.0 points)
Answer:
1. Elon Musk
He is vey good at money management. Elon can take almost any idea and make it better, meanwhile turning it into reality.
2. Gary Vee
He is a determind entrepreneur and knows what he is talking about. I would trust his judgement on my ideas and thoughts.
3. Jeff Bezos
He is a very powerful and famous buisness man. if he were to approve of my idea he would make it public, and possibly viral just by saying my companies name.
People are constantly interviewing people giving my buisness publicuty.
Midwest Life Insurance sells a life insurance policy to Thiago. Under the terms of the contract between Thiago and Midwest Life, Thiago will pay $75 per month for the policy, and, upon Thiago’s death, Midwest Life will pay $100,000 to Laurelei. Four years later, Thiago dies, and Midwest refuses to pay under the terms of the policy. The party entitled to sue Midwest for its failure to honor the terms of the contract is:
The party which is entitled to sue Midwest for its failure to honor the terms of the contract is Laurelei because she is the contract beneficiary.
Basically, the life assurance policy is a policy which promises to pay the beneficiary of the life assured a certain sum after the death of the life assured.
Here, the contract of assurance is valid because Thiago ensures continuous payment of his premium.
Thus, Laurelei who is a beneficiary to Thiago life assurance is entitled to the sum assured because she is included in the contract terms as a beneficiary since the inception of the contract.
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what's the difference between a tax and a levy?
Much to the chagrin of established firms, one clear supertrend is that products and services must get to market faster because Multiple Choice it takes lots of resources to survive disruptive innovation. more competitors are offering targeted products. globalization is transforming whole industries. knowledge is the new competitive advantage.
The clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.
Firms who offers a wide scope of items or administrations are presently encountering serious tension from contenders offering specific arrangements in the industry.
Hence, to the annoyance of the established firms, the clear supertrend is that its products and services must get to market faster because more competitors are offering targeted products.Therefore, the Option A is correct.
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When filing a consumer complaint, your last resort to receive compensation
should be
O
O
A. posting a review on social media.
B. complaining directly to the company.
O
C. complaining to a consumer protection agency.
d
D. filing a lawsuit against the company.
Filing a consumer complaint, last resort to receive compensation should be filing a lawsuit against the company. Thus, option (d) is correct.
What is compensation?
The term “compensation” means payment to be received in exchange for services. The compensation received and earned by employees In the workplace, wages, and salaries are adjusted to include commission and rewards for exceptional job performance, such as stock, profit sharing, and bonuses.
A legal action being taken against the corporation. Small claims and class actions are your two greatest possibilities. Act within the deadlines for bringing a case if you decide to sue. Ask for legal counsel and weigh the advantages and disadvantages.
Therefore, option (d) is correct.
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what color is yellow
Answer:
Yellow is the color between orange and green on the spectrum of visible light. It is evoked by light with a dominant wavelength of roughly 575–585 nm. It is a primary color in subtractive color systems, used in painting or color printing.
Explanation:
Yellow is a important color . Give Brainliest
Answer:
yellow symbolizes happiness, warmth and sunshine
Explanation:
Yellow is the color between orange and green on the spectrum of visible light. It is evoked by light with a dominant wavelength of roughly 575–585 nm. It is a primary color in subtractive color systems, used in painting or color printing.
The vice president of finance at Adventure Park, an amusement park, disseminated a new five-year strategic plan to the merchandise, attractions, and operations directors. This is an example of ________ communication.
The scenario of the Vice president disseminating the strategic plan is an example of Downward communication.
In channel of communication, the Downward communication refers to the procedure where information or command circulates in the organization's from the upper level of hierarchy to the lower level.
Here, the Vice President which is ranked top is disseminating the new 5-year strategic plan to the directors.
Therefore, the information flow from the Vice-president to the Directors is an example of Downward communication.
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What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85. total variable costs: raw materials $15 labor costs $8 commissions $2 total $25 total fixed costs: utilities $50,000 rent $96,000 salaries $150,000 taxes $30,000 total $326,000 contribution margin per swimsuit and accessory =$85 - $25 = $60 break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units break even point in $ = 5,434 x $85 = $461,890
Explanation:
Which of the following is an exception to the general rule for safeguarding to prevent hazards during servicing
and maintenance of machines?
a Servicing or maintenance is
not hazardous for employees
b) Maintenance is minimal and performed as an important part of production
c) Employer uses other safeguards which provide effective protection as required by OSHA standards
dA of the above
Answer:
a Servicing or maintenance is
not hazardous for employees
Explanation:
The statement that serves as an exception to the general rule for safeguarding to prevent hazards during servicing and maintenance of machines is A:Servicing or maintenance is not hazardous for employees.
According to the question, we are to discuss about general rule for safeguarding to prevent hazards during servicing and maintenance of machines .
We can see that this rules serves as guideline to prevent hazard in the working environment and we can see that Servicing or maintenance is not hazardous for employees.
Therefore, Servicing or maintenance is not hazardous for employees.
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If common stock is issued for an amount greater than par value, the excess should be credited to Group of answer choices Retained Earnings. Cash. Legal Capital. Paid-in Capital in Excess of Par Value.
The excess of would be credited to Paid-in Capital if the common stock is issued for an amount greater than par value.
Any stock issued in exchange for property is recorded at the fair market value of the stock/asset received.
Hence, the excess of would be credited to Paid-in Capital if the common stock is issued for an amount greater than par value.Therefore, the Option B is correct.
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Which 3 of these areas does the Client Needs Assessment tool focus on to help gather the information needed to select the right QuickBooks Online subscription for a client
In order to choose the best QuickBooks Online subscription for a customer, it's critical to use the customer Needs Assessment tool to help gather information.
Features and solutions, client profiles, and needs assessment are the three main areas on which the tool concentrates. The features and solutions category focuses on the particular features and solutions that the client requires to efficiently manage their business.
The client profile section focuses on the client's industry, size, and type of business. The needs assessment section, which comes last, concentrates on the client's particular requirements, such as payroll, inventory management, and invoicing.
The customer Needs Assessment tool helps make sure the customer is matched with the proper QuickBooks Online subscription to fulfill their specific needs by obtaining information in these three categories.
Therefore, Features and solutions, Client profiles, and Needs assessment are the areas.
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True or False: It is common for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.
it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.
Basically, debt investment entails an investor who lends his money to a firm, individual with an expectation of repayment of loan plus interest from them at a particular date.
The practice that borrowers should engage in less risky business strategies for their ventures will not be encouraged by debt investors because it is less risky and will not yield high return to allow them repay their loan quick enough.
Therefore, it is false and uncommon for debt investors to push entrepreneurs to pursue less risky business strategies for their ventures.
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A(n) __________ is a person who benefits from team membership but does not make a proportionate contribution to the team's work.
Answer:
a free rider
Explanation:
A free rider is a person who benefits from team membership but does not make a proportionate contribution to the team's work.
What is membership?Membership Term refers to the time frame in which you are a member, which is the term beginning on the commencement date and ending on the expiration date (or earlier if your Membership is canceled in accordance with the Membership Terms and Conditions).
A free rider is someone who gains from team participation without contributing fairly to the team's labor. A typical team dysfunction is a focus on results. 4. Meeting the members' individual requirements is a key component of productive output.
Professional associations, trade groups, voluntary associations, political parties, clubs, and a broad variety of other organizations fall under the category of membership organizations. Typically, membership organizations use membership software to offer their members services.
Therefore, Membership does not make a proportionate contribution to the team's work.
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In the late 1990s the U.S. federal government ran a budget surplus for the first time in decades. This meant that Choose one: A. U.S. government debt was reduced but not eliminated. B. U.S. government debt stayed constant over these years. C. U.S. government debt was eliminated. D. U.S. government debt increased at a slower rate than it had done previously.
The fact that the U.S. had a federal budget surplus meant that A. U.S. government debt was reduced but not eliminated.
When a country has a budget surplus, it means that:
The country had enough tax revenue to take care of its obligations The country did not have to borrow extra funding The country was able to pay off some debtWith the U.S. having a budget surplus, we can conclude that the U.S. was not only able to avoid borrowing more money, they were able to pay off some.
This means that they reduced the debt even though they did not eliminate it.
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I need help I have no idea how to do this
Answer:
just round it to the nearest cent like how you would round it to the nearest tenth and write the answer in the box
Wesley Company makes bowling balls and uses the total cost method in setting product prices. Its costs for producing 10,000 bowling balls follow. The company targets a 12.5% markup on total cost. The dollar markup per unit is:
The dollar markup per unit is $18.25 per unit
Total cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Variable selling general and administrative per unit + Fixed overhead per unit + Fixed selling general and administrative overhead per unit
Total cost per unit = $63 + $13.8 + $23 + $3.8 + ($222000/10000) + ($202000/10000)
Total cost per unit = $63 + $13.80 + $23 + $3.80 + $22.2 + $20.2
Total cost per unit = $146 per unit
Dollar markup per unit = Total cost per unit × Markup% on total cost
Dollar markup per unit = $146 * 12.5%
Dollar markup per unit = $18.25 per unit
Therefore, the dollar markup per unit is $18.25 per unit
Missing options are "Direct materials $63 Overhead $222,000 Direct labor $13.80 Selling, general, and administrative $202,000 Overhead $23.00 Selling, general, and administrative $3.80"
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_____________ are the most diversified of depository institutions and ______________ are on average the largest depository institutions. Multiple Choice Credit unions; commercial banks Commercial banks; commercial banks Banks; savings institutions Credit unions; credit unions Savings institutions; commercial banks
Considering the banking analysis, the Commercial banks are the most diversified of depository institutions, and Commercial banks are, on average, the most extensive depository institutions.
This is based on the banking and finance analysis, which revealed the commercial banks are the most diversified depository institutions and, at the same time, the largest depository.
Commercial banks perform several functions or roles in the economy, which include the following:
Collection of cheques;Mobilization of Savings;Bills and drafts; Receipt of interests and dividends from a customer's investments; Paying interest and installments of loans or insurance premiums, etc.Hence, in this case, it is concluded that the correct answer is option B. "Commercial banks; commercial banks."
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Which of these factors mostly greatly impacts business cycles
1. Age
2. Science
3. Media
4. Economy
Which of the following may be used to
govern carriage of goods by sea?
a Hamburg, Hague protocol 1955, Hague - Visby
b Hague, Protocol 1955, Warsaw
c Hamburg, Hague, Hague - Visby, Warsaw
A company issues 7% bonds with a par value of $230,000 at par on January 1. The market rate on the date of issuance was 6%. The bonds pay interest semiannually on January 1 and July 1. The cash paid on July 1 to the bond holder(s) is:
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
A) more than one marketing expert is needed to create successful promotions
B) it costs less to set up several smaller campaigns than one that can be used for all markets
C)there is no need to test the message before starting the campaign
D)each country or region has its own culture
Answer: D) each country or region has its own culture
In some cases, promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.
When a company decides to internationalize its business, it is necessary to develop a marketing campaign that helps in the acceptance of the products and services offered by the organization in the local market.
It is therefore necessary to adapt some characteristics and promotions for the local market, as the culture of each country or region is capable of influencing the needs, preferences and desires of the local consumer.
An organization that develops a marketing campaign aligned with its operating location has greater chances of being positioned in the market, creating value and satisfaction about its products and services.
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