When a company develops a product and then attempts to sell it through normal distribution channels in a number of test-market cities, it is engaged in "standard test marketing".
What is standard test marketing?A type of test market where the business chooses a limited number of sample cities to test the entire marketing mix before launching a new product.
There are various ways to test marketing-
Executing a regional product launch before a full launch.Working with a small group of customers who may directly provide product feedback.Implementing a focused direct marketing campaign to assess advertising methods.To know more about the marketing objective, here
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Appropriate and effective marketing metrics must be designed to identify, track, evaluate, and provide key benchmarks for improvement. In the context of change drivers affecting the future of marketing, this reflects the
Marketing metrics change with campaign preferences and generational attitudes.
What is marketing?
The practice of a business of promoting the purchase and sale of goods and services is referred to as "marketing." Promotion, publicity, and advertising make up marketing.
Marketers can track marketing analytics to gauge the effectiveness of their campaigns.
Marketing offers a measurable means of keeping track of progress and gauging efficiency.
As a result, shift in generational values and preferences.
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g Evaluate the following three statements about impact of interest rates. I. As interest rates increase, the present value of a single payment increases. II. As interest rates increase, the present values of annuities decrease. II. As interest rates increase, the future values of annuities increase, Which statement/s is/are correct
The true statements about the impact of interest rates are:
II. As interest rates increase, the present values of annuities decrease. II. As interest rates increase, the future values of annuities increase.What happens when interest rates increase?The present value of annuities and single payments will decrease because they will be discounted by a higher rate.
The future value of an annuity will increase however because the rate used to compound the annuity would have increased.
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_____ consists of partially completed products in various stages of completion that are awaiting further processing.
Products that are partially completed and still in the various production stages of completion are referred to as: work-in-progress inventory
What is Work-in-Progress Inventory?Work-in-progress inventory can be defined as goods that are partially completed, which can also be called "in-process inventory". They are products that are not ready for sale.
For example, in a coffee company, work-in-progress inventory may include, shopping boxes, coffee beans, labels, among others.
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An investor has $ to invest in a cd and a mutual fund. The cd yields % and the mutual fund yields %. The mutual fund requires a minimum investment of $, and the investor requires that at least twice as much should be invested in cds as in the mutual fund. How much should be invested in cds and how much in the mutual fund to maximize the return? what is the maximum return?.
The amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.
What represents the Two Investment?Let X represent the amount in Mutual Funds and Y represent the amount in CDs.
The constraints includes:
Y = 2x; x>9000; Y = 75000 - x
Now, there need to be at least 2x + x = 75000; 3x = 75000; x = 25000
Now, given that x equals $25,000, then, the mutual funds equals $25,000 while the Y equals $50,000 for CDs ($75,000 - $25,000).
Therefore, the amount of $25,000 will be invested in the mutual funds while the amount of $50,000 will be invested in the CDs.
Complete question "An investor has 75,000$ to invest in CD and mutual funds. The CD yields 7% and mutual funds 5%. the mutual fund requires a minimum investment of $9000 and the investor requires that at least twice as much should be invested in CDs as mutual funds. How much should be invested in Cds? How much in mutual funds? what is the maximum return?"
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In the context of contracts formed by promises, a bilateral contract is defined as: Multiple Choice an agreement in which a promise is made in exchange for performance. an agreement wherein at least one party has the right to withdraw without incurring liability. a judicial remedy to prevent one party from receiving unjust enrichment. an agreement containing mutual promises. one that appears to be an agreement but lacks an essential requirement for validity.
An agreement containing mutual promises. Workers on a building are guaranteed that their contractors will pay them at the end of each month.
How do bilateral contracts work?A bilateral contract is a legally binding arrangement between two parties wherein each exchanges commitments to carry out and execute one-half of a deal. Because it makes both parties into what is known as an "obligor," or a person or party who is bound to another, this contract form is one of the most often utilized binding agreements.
Due to their widespread usage, sales contracts and bilateral contracts are frequently used interchangeably. An obligor has violated the bilateral agreement if they don't carry out their obligation (and of course, vice versa).
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Gus' Grill, a food truck restaurant in an urban city, worked with a local bank for a __________. This unsecured source of funds was available for Gus to tap into if he needed immediate funds for the business. He liked the fact that he had a cushion and only used it if he fell short of funds. Multiple Choice promissory note trade credit revolving credit agreement line of credit
As per the given situation, Gus' Grill, a food truck restaurant in an urban city, worked with a local bank for a line of credit. Thus the correct answer is D.
What is a line of credit?A Line of Credit is a contract that a financial institution mainly a bank has with a customer that specifies the largest loan amount the customer is permitted to take out.
The borrower is permitted to draw money from the LOC whenever they need it, as long as they don't go over the maximum limit mentioned in the agreement.
Gus Grill may even use the unsecured source of money if he required quick cash for the company; this is referred to as the Line of Credit.
Therefore, the option D line of credit is the appropriate answer.
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During its first year of operations, Mack's Plumbing Supply Co. had sales of $6,740,000, wrote off $48,600 of accounts as uncollectible using the direct write-off method, and reported net income of $712,500. Determine what the net income would have been if the allowance method had been used and the company estimated that 1% of sales would be uncollectible.
The net income that would have been if the allowance method had been used is:$696,200.
Net incomeUsing this formula
Net income=Net income+Accounts uncollectible-(Sales×Estimated sales rate)
Let plug in the formula
Net income=$715,000+$48,600-($6,740,000×1%)
Net income=$715,000+$48,600-$67,400
Net income=$696,200
Therefore The net income that would have been if the allowance method had been used is:$696,200.
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Answer: 693700
Explanation:
Apply the 1% to the sales of 6,740,000.
( 6,740,000 x .01 ) = 67,400
Subtract by the original write off 48,600 from the total
( 67,400 - 48600 ) = 18,800
Subtract this from the reported net income.
( 712,500 - 18800 ) = 693,700
Hope this helps.
Adam smith believed that _____________ would lead to the production of items that consumers want.
Adam smith believed that consumer demand leads to the production of items that consumers want.
What is Consumer Demand?A group's desire for a good or service based on availability is measured economically as "consumer demand." It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
Thus, consumer demand leads to the production of items that consumers want. It serves as a representation of consumer purchase behavior and aids in identifying demographic-specific purchasing patterns.
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Himanshu called his large U.S. supplier to ask for an urgent delivery to his firm in Japan, but his request needed the approval of a high-level manager in the supplying firm. After 10 minutes browsing the Internet, Himanshu found a small business in the U.S. offering the same product. Seconds later, he was talking to the owner. The shipment left for Japan that day. This example demonstrates:
The large U.S. supplier's inability to deliver unlike the small U.S. supplier is an example of the advantages small businesses have over large businesses in international trade because of limited bureaucracy.
What is a bureaucratic bottleneck?Bureaucratic bottleneck refers to the excessive officialdom practiced by large organizations because certain laid down processes must be followed strictly.
With limited bureaucracy, an organization becomes nibble, agile, and can respond promptly to customers' requests without delays.
Thus, in this scenario, we can see an example of the advantages that small businesses enjoy over their larger counterparts, especially in international trade.
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The total factory overhead for Bardot Marine Company is budgeted for the year at $504,150, divided into four activities: fabrication, $221,000; assembly, $80,000; setup, $109,650; and inspection, $93,500. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows: Fabrication Assembly Setup Inspection Speedboat 4,250 dlh 12,000 dlh 31 setups 53 inspections Bass boat 12,750 4,000 224 372 17,000 dlh 16,000 dlh 255 setups 425 inspections Each product is budgeted for 3,000 units of production for the year. a. Determine the activity rates for each activity. Fabrication $fill in the blank 1 per direct labor hour Assembly $fill in the blank 2 per direct labor hour Setup $fill in the blank 3 per setup Inspection $fill in the blank 4 per inspection b. Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar. Speedboat $fill in the blank 5 per unit Bass boat $fill in the blank 6 per unit
Variables to fill the blanks are mathematically given as
a)
F= 16
A= $ 6
S= $ 530
I= $ 270
b)
The speed boat is $ 59
The Bass Boat is $ 148
What are the activity rates for each activity.?Generally, the equation for Fabrication is mathematically given as
[tex]F=\frac{Overhead \ Cost}{ Activity \ Base \ Usage \ Quantities}[/tex]
Therefore
[tex]F= \frac{448,000}{28,000}[/tex]
F= 16
Generally, the Assembly is mathematically given as
[tex]A= \frac{180,000}{30,000}[/tex]
A= $ 6
Generally, the Setup is mathematically given as
S= $ 222,600 / 420
S= $ 530
Generally, the Inspection is mathematically given as
[tex]I = \frac{189,000}{700}[/tex]
I= $ 270
b)
For the Activity-based factory overhead per unit
The speed boat is $ 59
The Bass Boat is $ 148
In conclusion, Use the values to fill in the required blanks
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the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages.
The cheap foreign Labour argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages. This is further explained below.
What is foreign Labour?Generally, Those who work in a nation other than their own but have no intention of permanently relocating there are considered foreign workers since they do not have citizenship in the country where they are employed.
In conclusion, The idea that trade protection is needed because of cheap imports flooding the market and driving down prices and U.S. wages is known as the "cheap foreign labor" argument. More detail about this is provided below.
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Studio Films is considering the purchase of some new film equipment that costs $150,000. It has a 5 year useful life with no salvage value. The new equipment is expected to increase revenues by $115,000 annually. Annual incremental cash operating expenses are expected to be $40,000. The simple rate of return of the equipment is
The simple rate of return to Studio Films on its film equipment based on its cost will be 30%.
What is the simple rate of return?Find the annual income:
=Revenue - Expenses - Depreciation
= 115,000 - 40,000 (150,000 / 5 years)
= $45,000
The simple rate of return is:
= 45,000 / 150,000 cost
= 30%
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What is the likely effect on the market for wine of a simultaneous increase in both consumer incomes and producer taxes on wine?
If there was an increase in both consumer incomes and producer taxes, the market for wine would see an increase in price.
How would the wine market be affected?An increase in producer taxes on wine would increase wine prices as producers aim to pass on the taxes to consumers.
Prices will also increase when consumers have more income and demand more wine. The overall effect is there an increase in the price of wine.
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Which of the following statements about evaluation apprehension in team settings is TRUE? Group of answer choices It is more likely to occur when team members formally evaluate each other's performance throughout the year. It increases with the individual's motivation to share his or her ideas. It tends to affect the discipline and functioning of team meetings. It motivates team members to generate creative solutions, no matter how silly they may sound.
The statements which are true about the apprehension in team settings are: It is more likely to occur when team members formally evaluate each other's performance throughout the year
What is evaluation?
Anxiety or worry about being judged by others, particularly anxiety felt by experiment participants who want to be viewed positively by the experimenter or by those watching their actions.
Team building, which can be defined as various actions meant to improve social relations in a team, can also be used to describe a team environment. It also comprises the procedure for defining team roles.
Hence choice first is correct.
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Suppose you buy a share of stock at a price of $100 and a year later it is worth $125. Suppose further that the rate of inflation for the year is 10%. If you are subject to a 15% capital gains tax, how much is your total tax burden
The total tax burden will be calculated as $3.75
What is inflation?When the prices of products and services increases with a given duration of time and which result increase in the cost of living is refers as situation of inflation.
To find the total tax burden-
Current value of stock=$100
After one year, value of stock=$125
To find the profit gain after one year,
$125—$100 = $25
This $25 will be considered as capital gain over stock.
Rate of tax over capital gain=15%
Total tax burden =capital gain×rate of tax on capital gain
=$25×15%
=$3.75
Therefore, the total tax burden will be $3.75.
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A national grocery chain is divided into well-demarcated groups such as the Northeastern division, the Northwestern division, the Southeastern division, and the Southwestern division. These divisions have been set up based on the location of large groups of customers the company serves. In the context of departmentalization, this company is most likely using a(n)
Based on the fact that the divisions of this national grocery chain are set up in such a way that they can serve different locations, this is a geographic structure.
What is a geographic structure?This is a departmentalization style where a company creates divisions in various areas to service their customers located in those places.
This is what this national grocery chain is doing by setting up divisions in various areas to access their customers around the country.
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which one of the following is not an external users of accounting information
The answer choice that is not an external user of accounting information is d. All of these answers choices are external users.
What is Accounting Information?This refers to the financial statements that are used to keep records of all financial transactions.
Hence, we can see that from the complete text, there is the list of options and they are all external users because they are people outside the business.
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Bell Repair Service allocates overhead based on $50 per trip to each home that requests repair work, plus $1.20 per mile driven to the home. During the past week, Bell provided repair services for 20 customers with average driving distance of 15 miles each. What is the amount of overhead allocated for the week?
The amount of overhead allocated for the week will be $1360.
How to calculate the amount?The amount of overhead allocated for the week will be calculated thus:
= (20 × $50) + (15 × $1.20 × 20)
= $1000 + $360
= $1360
Therefore, the amount of overhead allocated for the week will be $1360.
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Jack went to the ABC Casino to gamble. ABC offers its customers one free spin of the Million Dollar Wheel if they fill out an application form. Jack filled out the form, spun the Million Dollar Wheel, and won. However, now ABC refuses to pay, claiming that because Jack did not purchase his chance at the Million Dollar Wheel, Jack gave no consideration and therefore, no contract was formed. Identify the accurate statment
As regards Jack's claim, the truth is that C. A contract was formed because filling out an application can constitute legal consideration.
Why is Jack's claim legitimate?Jack may not have purchased his chance at the Million Dollar Wheel, but he was allocated a free spin if he filled a form which he did.
That application form constitutes a legal consideration because it was signed with the promise that he could get a free spin.
Options for this question include:
A. No contract was formed because Jack paid no money for his chance at the Million Dollar Wheel.
B. No contract was formed because ABC did not sign any written contract as an obligation to do so.
C. A contract was formed because filling out an application can constitute legal consideration.
D. A contract was formed because no consideration is needed when a customer takes advantage of a "free" offer.
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How to find marginal product of labor from production function
The best way to find the marginal product of labor from the production function is by dividing the change in output divided by the change in labor
What is the Marginal Product of Labor?
This refers to the change in output as a result of an increase in the unit of labor.
Hence, we can see that for this to occur, all other factors have to remain constant, and to get the marginal product of labor from the production function, one would have to divide the change in output divided by the change in labor.
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Abby applies for a federally-related loan to purchase a home. The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date?
The lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from: A. The date Abby receives the good faith estimate
What is CFPB ?CFPB which full meaning is Consumer Financial Protection Bureau is an agency whose roles and responsibility is to protect consumers.
Based on the given scenario the lender have to furnish a copy of the CFPB to the borrower no later than the third business day from the date the borrower receives the good faith estimate.
Therefore the correct option is A.
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The complete question is:
Abby applies for a federally-related loan to purchase a home. The
lender must furnish a copy of the CFPB booklet to Abby no later than the third business day from which date?
The date Abby receives the good faith estimate.
The date escrow is opened.
The date the lender receives her application.
The date Abby makes the request to receive the booklet.
You wish to retire in 13 years, at which time you want to have accumulated enough money to receive an annual annuity of $28,000 for 18 years after retirement. during the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money. what annual contributions to the retirement fund will allow you to receive the $28,000 annuity
Explanation:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A cap B cap C )
Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?.
Controlling management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed. Read below about management.
What is Management?Management refers to the process of dealing with or controlling things or people. Management is also the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Therefore, the correct answer is control management.
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If you need a mortgage for a home purchase, what should your first course of action be?
We can actually deduce here that if one needs a mortgage for a home purchase, the first course of action will be: C. Visit loan officers at various lending institutions and apply for the loan.
What is mortgage?Mortgage refers to a loan that buyers of real properties place in order to raise funds which they can use to buy real estate.
Here are the options that complete the question:
A. Create a new loan for a new fishing boat
B. Ask your credit card company for just one credit score
C. Visit loan officers at various lending institutions and apply for the loan
D. Contact people that can advocate for your character and have them write letters of recommendation.
We see that one that needs mortgage for a home purchase, will first visit loan officers at various lending institutions and apply for the loan.
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The _____ rate of interest on a bond is the interest rate printed on the bond; the ______ rate of interest is the current rate of interest being paid on investments with similar characteristics. (Enter one word per blank)
The coupon rate of interest on a bond is the interest rate printed on the bond; the bond rate of interest is the current rate of interest being paid on investments with similar characteristics.
What is coupon rate?Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value.
What is a bond interest rate?A bond's interest rate is related to the present indicating interest rates and the perceived risk of the issuer.
Therefore, the correct answers are as given above.
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Under what circumstances does fair use apply
Answer:
Fair use protects the usage of copywritten content under the condition that the content is criticizing or parodying said content
Explanation:
Brad is a cardiovascular surgeon in a group practice at Emory University. Within his practice, Brad is the surgeon who puts in stent grafts. Other group members are transplant surgeons and surgeons. This example shows that, unlike goods, services are _______. a. more heterogeneous and less standardized and uniform b. stored, warehoused, and inventoried c. tangible performances d. produced in a centralized location and consumed in decentralized locations
Based on the role that Brad plays and the roles played by the other group members who are transplant surgeons, services are a. more heterogeneous and less standardized and uniform.
How do services differ from goods?Services are not as standardized as goods because they often need to be tailored to the needs of the customer.
Brad puts in stent grafts depending on the injury, and the other transplant surgeons have to customize their services as well. This shows that services are heterogenous for the most part.
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Lighfoot Company sells its product for $55 and has variable costs of $30 per unit. Total fixed costs are $25,000. Suppose variable costs increase by 10% due to an increase in the cost of direct materials. The breakeven point will a. increase from 1,000 units to 1,136 units b. decrease form 1,000 units to 864 units c. increase from 758 units to 1,000 units d. decrease from 1,000 units to 758 unit
The break-even point for Lightfoot Company will a. increase from 1,000 units to 1,136 units.
What is the break-even point?The break-even point shows the sales units or sales revenue needed so that the entity does not earn a profit or incur a loss.
At break-even point, there is not profit or loss because the total costs (fixed and variable) equal to the sales revenue.
Data and Calculations:Selling price per unit = $55
Variable costs per unit = $30
Contribution margin per unit = $25 ($55 - $30)
Fixed costs = $25,000
Increase in variable costs per unit = 10%
New Variable costs per unit = $33 ($30 x 1.1)
New Contribution margin per unit = $22 ($55 - $33)
Break-even point in units = fixed costs/contribution margin per unit
Old break-even point in units = 1,000 units ($25,000/$25)
New break-even point in units = 1,136 units ($25,000/$22)
Thus, the break-even point for Lightfoot Company will a. increase from 1,000 units to 1,136 units.
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Suppose you work in Management and are collaborating with Human Resources to create a regression equation to predict turnover (people quitting their jobs). You believe that job satisfaction (as measured on a 50-point scale), age of the employee (in years), and the current unemployment rate will all be useful predictors and you want to test your model. When building the Complete 2nd Order Model, you will need to do all EXCEPT which of the following:
We can actually deduce here that when building the Complete 2nd Order Model, one can do all except: C. Create an interaction between age and each of the levels of job satisfaction.
What is Complete Second Order Model?The complete second degree (order) model is actually known to be a polynomial model that includes the linear terms, second degree terms and the interaction term.
The options that complete the question are:
A. Create a curvilinear term for job satisfaction
B. Create an interaction between unemployment rate and age
C. Create an interaction between age and each of the levels of job satisfaction
D. Create a curvilinear term for age.
Thus, options C is the one that wouldn't be carried out in the Complete Second Order Model.
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which statement describes a main advantage of using cash over other forms of payment
The main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
How does cash eliminates overspending?While doing a physical transaction, there will not be a situation of overspending because the person can not purchase more than the cash value he/she has on him/her.
Hence, the main advantage of using cash over other forms of payment is that its eliminates the possibility of overspending.
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