If the demand for golf is price-inelastic and your local public golf course increases the greens fees for using the course, you expect: a. a decrease in total revenue received by the course. b. an increase in total revenue received by the course. c. an increase in the amount of golf played on the course. d. no change in the amount of golf played on the course.
Answers
If the demand for golf is price-inelastic and your local public golf course increases the greens fees for using the course, you expect a. a decrease in total revenue received by the course. The correct option is a.
The elasticity of demand refers to how receptive the quantity demanded of a good is to a change in its price. When a change in price results in a relatively significant change in quantity demanded, demand is said to be flexible or elastic. If a price change has no impact on the amount of a product demanded, it is said to be price-inelastic. In this scenario, the demand for golf is price-inelastic, which means that the price change will have no significant effect on the number of people who play golf.
A price increase for golf at a public course, where the demand for golf is price-inelastic, would result in lower total revenue for the course.The reason for this is that when the price of golf goes up, the quantity demanded remains constant or drops marginally, which does not cover the additional revenue generated by the increased price. As a result, the total revenue collected by the course decreases, and the revenue loss from the pricing increase is not compensated for by the additional funds received as a result of the price hike.
In conclusion, if the demand for golf is price-inelastic and the local public golf course increases its greens fees, you expect a decrease in total revenue received by the course. The correct option is a.
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Related Questions
A 35-year-old client purchases a variable life insurance policy. Under current regulations, the maximum sales charge permitted over the life of the policy is A) 9% B) 8.5% per premium payment C) 9% per premium payment D) 8.5% of total premiums over the life of the plan
Answers
Answer: 9%
Explanation:
A variable life insurance policy is simply referred to as a contract between an individual and the insurance company. In the case of death to the individual, a certain amount would be paid to the family of the individual.
It should be noted that under current regulations, the maximum sales charge permitted over the life of the policy is 9% and this period should not be more than twenty years.
alexandria borrowed $7,500 for one year and paid $750 in interest. the bank charged her a $25 service charge. if she paid this back in 12 equal monthly payments, what was the apr
Answers
The answer is 14.5% , if she paid this back in 12 equal monthly payments, the APR was 14.5%.
What does the word "bank" mean?A financial institution that is permitted to offer credit and take deposits is referred to as a bank. These institutions may also provide financial support in the form of capital management and foreign exchange. Locker services are another term for safe deposit boxes.
Why is a bank called a bank?Since Italian merchants in the Renaissance established negotiations to borrow and lend money next to a bench, the word bank is derived from the Italian word banco, which means bench. They put the cash on that bench. Basic accounting records have existed since the dawn of time.
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Employees who are part of a motorcycle riding club that meets outside of the organization is an example of which type of group?.
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Employees who are part of a motorcycle riding club that meets outside of the organization is an example of the type of group Interest.
Which little group is the best illustration?Examples of tiny groups that would each have a particular size, structure, identity, and interaction style include a campaign team for a state senator, a community of local organic farmers, and a college learning community focused on math and science.
Which of the following describes a group of two or more individuals that collaborate and coordinate their efforts in order to achieve a certain goal?A team is an identifiable group of two or more individuals who work together toward a common and valued goal, objective, or mission, interact dynamically, depend on one another, and adapt to changing circumstances. They have been given specific roles or responsibilities to carry out, and their membership is temporary.
At what point in a group's evolution do members establish rules of conduct?Norming. The behaviors and expectations of the group are established during the norming stage of group development, which promotes greater group cohesion, stability, and productivity. Group norms are actions that are accepted as the norm but are not expressly expressed or taught.
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TO EQUALIZE THE POROSITY OF HIGHLY POROUS HAIR, IT MAY BE NECESSARY TO USE WHICH OF THESE PRODUCTS?
A) PRE-WRAP PRODUCT
B) DISULFIDE PRODUCT
C) STRONG SHAMPOO PRODUCT
D) SODIUM HYDROXIDE PRODUCT
Answers
To equalize the porosity of highly porous hair, it may be necessary to use a pre-wrap product.
Highly porous hair has gaps in the cuticle layer that make it difficult to style and maintain. Pre-wrap products help to fill in these gaps and smooth the cuticle layer, which can improve the hair's manageability and overall appearance. These products typically contain conditioning agents and proteins that penetrate the hair shaft to repair damage and improve elasticity. By using a pre-wrap product, stylists can create a more even surface for coloring, perming, or styling the hair, and help to ensure that the results are consistent and long-lasting. Other products such as disulfide, strong shampoo, or sodium hydroxide products are not typically used to equalize porosity and may actually damage highly porous hair if used improperly.
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How is eligibility for Medi-Cal determined?
A ( A ) By the level of income of the family and assets owned
B ( B ) Level of chronic illness of the patient
C ( C ) The number of people already receiving
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Eligibility for Medi-Cal is determined by the level of income of the family and assets owned. The correct answer is option (A).
The number of people already receiving the service also matters. These terms determine if a family can enroll for a health coverage program that provides health care for low-income individuals and families, children, seniors, persons with disabilities, and pregnant women in California.The eligibility for Medi-Cal is based on a family's income and household size.
Additionally, a family can qualify for Medi-Cal if they meet the income requirements and are enrolled in a program like CalFresh, CalWORKS, or Supplemental Security Income (SSI).The level of chronic illness of the patient does not affect eligibility for Medi-Cal. However, if an individual has a chronic illness or disability, they may be eligible for additional services such as in-home support services or specialized medical equipment. Overall, Medi-Cal provides an opportunity for low-income families and individuals to access essential health care services that they may not be able to afford otherwise. Hence, option (A) is the correct answer.
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find the consumers' surplus for a product if the demand function is given by d(x)=850x 2d(x)=850x 2 and xe=26xe=26 units. round your answer to the nearest cent.
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The answer to the given question about consumer surplus is 35 cents after rounding off to the nearest cent.
formula to find consumer surplus is D(x) = 850 / xe + 2. where the value of xe is given 26 units. An economic measure of consumer gains as a result of market competitiveness is called consumer surplus. Consumer surplus occurs when customers pay less for a commodity or service than they would be willing to. It's a gauge of the extra gain that consumers experience as a result of paying less than they would have otherwise. The surplus of consumers and producers can be contrasted. The basis of consumer surplus in economics is marginal utility, or the additional pleasure a customer experiences from acquiring one more unit of a good or service. Consumer surplus always increases during periods of declining prices and decreases during periods of rising prices.
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During the year, Lox, Stock and Bagel Inc.'s net income was $60,000. Its average stockholders' equity was $240,000, and it had 120,000 shares outstanding the entire year. Its stock was selling for $10 per share. Its P/E ratio equals ______. The company has no preferred stock. Multiple choice question. 20.00 0.50 40.00 0.25
Answers
Based on the information given its P/E ratio equals: 20.00.
Using this formula
P/E ratio =Selling price per share/(Net income/Number of shares outstanding)
Where:
Selling price per share=$10
Net income=$60,000
Number of shares outstanding=120,000 shares
Let plug in the formula
P/E ratio =$10/($60,000/120,000)
P/E ratio =$10/0.5
P/E ratio =20.00
Inconclusion its P/E ratio equals: 20.00.
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As a person living in the United States you are a tax payer. What are two
benefits you receive from the taxes you pay?
Answers
which of the following statements about sales promotion is true? which of the following statements about sales promotion is true? sales promotion is the most short-term of the promotional mix tools. sales promotion can be an effective promotional mix tool for targeting business customers, but not consumers. all major sales promotion tools involve offering discounts on products or services. a public company's annual report is often used as a sales promotion tool. (none of these choices)
Answers
The true statement about sales promotion is that it is the most short-term of the promotional mix tools.
Sales promotion is a key element of the promotional mix that offers incentives to customers or intermediaries to drive immediate sales. It is aimed at boosting sales in the short term and differs from advertising, personal selling, and public relations in terms of its short-term nature. Sales promotion can include various tools such as coupons, rebates, samples, contests, and sweepstakes.
Contrary to the given options, sales promotion can be an effective tool for both business customers and consumers, as it encourages them to purchase products or services with added value. Moreover, sales promotion tools can go beyond offering discounts, such as loyalty programs or product bundling. While a company's annual report may serve as a promotional tool to showcase its achievements, it is not typically considered a sales promotion tool.
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Meadows manufacturing follows the accrual basis. An accrual results when ____________ and a deferral results when.
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Answer:
Meadows manufacturing follows the accrual basis. An accrual results when $6,000 cash is received after a customer has been billed and a deferral results when $4,500 cash is paid for next quarter's insurance for property.
Explanation:
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describe how inequality has changed in the u.s. and other developed countries since 1970 and explain the reasons for this. what are the implications of the trends you have described for market societies? your response should refer to the documentary and assigned readings on inequality (on moodle).
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Inequality in the U.S. and other developed countries has increased since 1970 due to various factors such as globalization, technological advancements, and changes in government policies.
These trends have led to a concentration of wealth among the top earners while middle and lower-income groups have seen stagnant or slow growth in their incomes. The implications of these trends for market societies are significant. Increasing inequality can lead to social unrest, reduced social mobility, and diminished trust in institutions. It hampers economic opportunities for the disadvantaged, exacerbates disparities in education and healthcare, and undermines social cohesion. Moreover, it can create a vicious cycle where the wealthy have more resources and political influence, further perpetuating inequality. Addressing inequality requires a comprehensive approach, including progressive taxation, investments in education and skills training, strengthening social safety nets, and promoting inclusive economic growth. By mitigating inequality, market societies can foster greater social mobility, shared prosperity, and a more stable and cohesive society.
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conduct focus groups to determine whether employees would prefer subsidized child care or on-site health facilities
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In order to determine whether employees would prefer subsidized child care or on-site health facilities, conducting focus groups would be an effective method.
These focus groups could involve a diverse group of employees from various departments and levels within the company. By gathering feedback from employees, the company can determine which benefit would be most valued by their workforce. It's important to note that offering subsidized child care or on-site health facilities would likely have different impacts on the employees' work-life balance, productivity, and overall job satisfaction. Therefore, it's crucial to weigh the pros and cons of each option before making a decision.
Ultimately, the goal should be to provide benefits that meet the needs and preferences of the employees, as this can lead to a more engaged and motivated workforce.
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
identify which principle applies to each scenario and place the appropriate terms in the corresponding spaces. a. after spending hours researching his choices, mark decides on a laptop that will cost him $799. as he walks into his local retailer, a salesman presents him a laptop with marginally better features at the same price. however, mark would have to do further research to verify that the new alternative is in fact better. as a result, he decides that the laptop he previously decided on is good enough and buys it. mark's decision is an example of risk aversion. fairness. bounded rationality. b. charlotte delivers food for a fried chicken restaurant. when charlotte delivers a meal to a household during a major icestorm, the family, feeling sorry that charlotte has to work in extreme weather, decides to give her a $20 tip for a $10 delivery. the family's decision is an example of fairness. bounded rationality. risk aversion. c. cathy is a very good driver. in fact, she has never been in an accident in her life. however, she still takes out a comprehensive car insurance policy every year, rather than just the liability coverage the state requires. cathy's decision is an example of bounded rationality. fairness. risk aversion.
Answers
Bounded Rationality: Mark chooses a laptop after researching it for hours and then purchases it.
What is Risk aversion?Fairness-Charlotte delivers food for a $10 delivery.Risk aversion-Cathy car insurance policyRisk aversion is the propensity of people to choose outcomes with low uncertainty over those with high uncertainty, even when the average consequence of the latter is equal to or greater in monetary worth than the more definite event. This tendency is shown in both economics and finance.
The investor who favours capital preservation above the possibility of earning a higher-than-average return is referred to as risk-averse. Degrees of risk aversion are determined by the incremental marginal return an investor needs to tolerate more risk, in accordance with modern portfolio theory (MPT).
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For this discussion board, the topic will be a bit on the unconventional side. Given that this course is a scant seven weeks long, I would like you to select one chapter from one of the following:
Chapter 12: Promoting Safety and Health
Chapter 14: The Dynamics of Labor Relations
Chapter 15: International Human Resources Management
Chapter 16: Implementing HR Strategy: High-Performance Work Systems
Please either select a chapter that you feel an interest in learning about OR one that you believe to hold the most valuable information that otherwise we don’t have time to cover in this abbreviated term.
As you review the chapter, select 10 interesting or useful bits of information. Identify your chosen chapter, then number and summarize those 10 bits of information (this can be a numbered list with thorough explanations or a paragraph with numbered elements within it),
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Chapter 12: Promoting Safety and HealthTen interesting or useful bits of information about chapter 12 are listed below:Safety and health programs are built on the principles of continuous improvement and proactive hazard anticipation, identification, and control.
Management leadership, worker participation, and a systematic approach are all important elements of these initiatives.Creating a safety culture necessitates the creation of a long-term, organization-wide commitment that integrates safety into all decision-making processes.
Occupational health and safety management systems (OHSMSs) are an example of this.Companies can use a variety of metrics to assess their safety performance, including injury and illness rates, days away from work rates, workers' compensation costs, and the number of citations and fines received from OSHA or other regulatory agencies.
These metrics can be compared to industry averages or used to establish internal goals for continual improvement. When accidents occur, companies should conduct thorough investigations to identify the underlying causes and implement corrective measures that address these root causes.
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A business activity that changes assets, liabilities, or owner's equity is called a?
Answers
The business activity that changes assets, liabilities, or owner's equity is called a transaction. Transactions are the financial events that occur in a business and can be classified as either internal or external.
Internal transactions involve the exchange of goods or services between different departments within a company, while external transactions involve interactions with outside parties, such as customers, suppliers, or creditors.
Recording and tracking these transactions is essential for a company to maintain accurate financial records and determine its financial position and performance. Transactions are recorded in a company's accounting system using double-entry bookkeeping, which ensures that each transaction is properly recorded and balanced. This is done by using the accounting equation, which states that Assets = Liabilities + Owner's Equity.In summary, transactions are the fundamental building blocks of a company's financial system, and accurate recording and tracking of these transactions are crucial for the financial health of a business.
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rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is
Answers
Answer: Perpetual existence
Explanation:
The longest duration a joint stock company can be formed for is perpetual existence.
Perpetual existence is a feature that simply means that the organization involved has no expiration date, and has an unlimited term of existence. Even in case of death of the owners, the organization will still continue.
in general, the threat of substitutes is heightened because the internet lowers switching costs. lowers barriers to entry. introduces new ways to accomplish the same task. increases output per unit of cost.
Answers
The threat of substitutes is heightened because the internet lowers switching costs, lowers barriers to entry, introduces new ways to accomplish the same task, and increases output per unit of cost.
The internet has made it easier for consumers to find and switch to substitute products and services, thereby increasing competition and putting pressure on companies to innovate and lower their prices.
The internet has also made it easier for new entrants to enter the market and offer substitute products, further increasing the threat of substitutes. Additionally, the internet has introduced new and more efficient ways to accomplish many tasks, making it easier for consumers to find substitutes.
Finally, the internet has increased the efficiency and output per unit of cost of many products and services, making it easier for consumers to switch to substitute products that offer similar benefits at a lower cost.
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Should you write in plural form rather than singular?
Answers
Answer:
it depends, if you need to then yes
Explanation:
Ex Plural: Look at the children
Ex Singular: Look at that child
________ is characterized by a continuous state of excessive, uncontrollable, and pointless worry and apprehension.
Answers
fffffAnswer:
f
Explanation:
Felicity earns $39.990 per year in take-home pay. What is the most money a
housing expert would advise her to spend on a monthly mortgage payment?
A. $987.24
B. $3990.00
C. $833.13
D. $666.50
Answers
Answer:
C. $833.13
Explanation:
Home experts advocate for the 28/36 rule. As per this rule, total household expenditure on debts, including mortgages, should not exceed 36 % of monthly gross income. Monthly spending on mortgages should not exceed 28% of monthly income.
Felicity annual income = $39,990
Monthly income = $39,990/12
monthly income =$3,332.50
The maximum amount to be spent on mortgages
= 28% of $3,332.50
=28/100 x 3,332.50
=$933.1
Felicity should not spend more than $933.1 on the mortgage alone
From the options provided, $833.13 should be the recommended amount
suppose jake is currently using combination d, producing one truck per day. his opportunity cost of producing a second truck per day is
Answers
There are two main types of opportunity cost and they are:
explicit opportunity cost implicit opportunity cost. What is Opportunity Cost?This refers to the foregone alternatives that are made when making a purchasing decision.
Hence, we can see that your question is incomplete, so I gave you a general overview to help you get a better understanding of the concept.
With this in mind, although the question is incomplete, an opportunity cost is a foregone alternative and this shows what was forfeited for something else
Hence, with the knowledge of this, you can find the opportunity cost with the complete question.
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the level of economic development, as well as differences in product and technical standards, helps determine the need for and level of product
Answers
The degree of product adaptation that is necessary and appropriate depends on the level of economic development as well as on variations in product and technical standards.
The needs of the target market determine the strategy a company uses. The degree of product adaptation that is necessary and appropriate depends on the level of economic development as well as on variations in product and technical standards. The programme known as "economic development" consists of both economic policy and initiatives aimed at raising both the standard of living and the economy.
the quality of goods and services that can change people's lives should be improved.
The needs of the target market determine the strategy a company uses.
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When problem-solving, a person should ask:
who.
how.
where.
why
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Widget Works has a cost of equity of 17.1 percent. The market risk premium is 9.2 percent and the risk-free rate is 3.3 percent. The company is acquiring a competitor, which will increase the company's beta to 1.7. What effect, if any, will the acquisition have on the firm's cost of equity capital? Decrease of 2.62 percent Increase of 2.62 percent Increase of 1.84 percent No effect Decrease of 1.84 percent
Answers
The acquisition of the competitor will have an effect on the firm's cost of equity capital.
To determine the effect, we need to consider the relationship between beta and the cost of equity capital.
The cost of equity capital is determined using the Capital Asset Pricing Model (CAPM), which is given by the formula:
Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium
Before the acquisition, the company's beta is not provided, so we need to calculate it based on the given information. Using the CAPM formula, we can calculate the initial beta as follows:
Cost of Equity = Risk-Free Rate + Beta * Market Risk Premium
17.1% = 3.3% + Beta * 9.2%
Beta = (17.1% - 3.3%) / 9.2%
Beta ≈ 1.74
After the acquisition, the company's beta will increase to 1.7. Comparing the initial beta of 1.74 with the post-acquisition beta of 1.7, we can see that the acquisition will have no effect on the firm's cost of equity capital. Therefore, the correct answer is "No effect."
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Half of brainly rn
...............
Answers
Answer:
it is one-fourth of the no whose half is taken
Answer:
brainliest please :)
Explanation:
One of the reasons that companies might merge is to diversify their
product lines.
True
False
Answers
Explanation: The most common factor is the potential growth of the business. A business merger may give the acquiring company a chance to grow its market share.They can reduce the costs of developing business activities that will complement a company's strengths. The acquisition can also increase the supply-chain pricing power.
The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that fcf is so important in finance. True or false?.
Answers
This is true that The value of any asset is the present value of the cash flows the asset is expected to provide. The cash flows a business is able to provide to its investors is its free cash flow. This is the reason that FCF is so important in finance.
The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another; Operating activities, investment activities, and financing activities make up the three categories of cash flows. Cash-related net income activities are included in operating activities.
The quantity of money coming into and going out of your business over a specific time period is known as cash flow. Because it allows you to both satisfy your current financial responsibilities and make plans for the future, cash flow is crucial.
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Productivity, dependability, and responsibility are examples of skills that managers look for when determining who to promote within a company. Evaluate these three skills and another one or two that you come up with and explain how each skill could be helpful for an employee looking to get a promotion.
Answers
A dependable employee is an incredible asset to a company, as they make great coworkers, can be trusted to do their jobs. Productivity and responsibility are important aspects for the promotion.
What is a dependable employee?A dependable employee is a fantastic addition to a company because they make excellent teammates, can be trusted to execute their tasks without micromanagement, and empower others to accomplish their jobs effectively. As a result, being recognized as a dependable employee can help you stand out as an attractive prospect.
Every organization wants a productive employee who is responsible for the success of the organization as well as for his personal gains.
Being reliable implies doing what you say you'll do, when you say you'll do it. A reliable individual fosters trust by keeping himself/herself accountable and, if they lead others, their team members accountable as well.
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within the customer life cycle the purpose of the relationship management phase is to ________.
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Within the customer life cycle, the purpose of the relationship management phase is to establish and maintain a long-term relationship with the customer. The customer relationship management (CRM) phase is vital in ensuring that the customer feels valued and appreciated, which ultimately leads to customer loyalty.
During the CRM phase, management is tasked with understanding the customer's needs and preferences to ensure that their expectations are met or exceeded. This includes addressing any issues or concerns promptly, providing excellent customer service, and delivering on promises made during the acquisition and retention phases. Effective relationship management requires a proactive approach to customer engagement, where management reaches out to the customer regularly to gather feedback, offer support, and provide relevant updates on products or services. This level of engagement helps to build trust and rapport with the customer, resulting in increased customer satisfaction and retention.
In today's business environment, where competition is fierce, companies that prioritize relationship management are better positioned to thrive. By focusing on building long-term relationships with their customers, companies can create loyal customers who not only continue to purchase from them but also become advocates for their products or services.
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