You are part of a marketing team that has just secured a contract for a national ad campaign. The client firm is holding a luncheon to celebrate the contract signing and you are attending. According to Edward Hall's work, what distance will you maintain from members of the client firm as you network with them
Answers
According to Edward Hall's work on proxemics, the distance you should maintain from members of the client firm as you network with them during the luncheon can vary based on the level of intimacy or formality desired in the interaction. Hall identified four zones of interpersonal distance:
Intimate distance: Ranging from 0 to about 0.5 meters (0-1.5 feet), this zone is typically reserved for close relationships with family members, close friends, or romantic partners. It is not appropriate for a professional networking setting.Personal distance: Ranging from about 0.5 to 1.2 meters (1.5-4 feet), this zone is suitable for casual conversations with acquaintances or colleagues. It allows for more personal interaction but still maintains a sense of respect and appropriate social distance.Social distance: Ranging from about 1.2 to 3.7 meters (4-12 feet), this zone is appropriate for formal or professional settings, such as business meetings or presentations. It provides a comfortable level of distance for respectful communication.Public distance: Ranging from about 3.7 meters (12 feet) or more, this zone is typically used in public speaking engagements or large gatherings. It is not typically relevant for networking in a luncheon setting.
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Related Questions
When writing a check...
Spell out the dollars and cents in the short box next to the $ symbol
Spell out the dollars and cents on the long line that ends in "Dollars"
Never sign the check
Sign on the line that says "Pay to the order of"
Always print your signature
Answers
- Spell out the dollars and cents in the short box next to the $ symbol
- Spell out the dollars and cents on the long line that ends in "Dollars"
- Sign on the line that says "Pay to the order of"
- Sign your name in cursive or as you normally do
- Make sure the amount written in words matches the numerical amount in the box
- Ensure the date is correct and current
- Write the name of the person or organization you are paying on the line that says "Pay to the order of"
- Include any optional memo or note on the memo line
- Keep a record of the check in your checkbook register or other tracking system.
The following transactions apply to ozark sales for year 1:
a. the business was started when the company received $48,500 from the issue of common stock.
b. purchased merchandise inventory of $175,500 on account. sold merchandise for $197,000 cash (not including sales tax).
c. sales tax of 7 percent is collected when the merchandise is sold. the merchandise had a cost of $122,000.
d. provided a six-month warranty on the merchandise sold. based on industry estimates, the warranty claims would amount to 5 percent of sales.
e. paid the sales tax to the state agency on $147,000 of the sales.
f. on september 1, year 1, borrowed $19,500 from the local bank. the note had a 6 percent interest rate and matured on march 1, year 2.
g. paid $5,600 for warranty repairs during the year. paid operating expenses of $54,500 for the year.
h. paid $124,000 of accounts payable.
i. recorded accrued interest on the note issued in transaction number 6.
required:
prepare the income statement, balance sheet, and statement of cash flows for 2018.
Answers
The income statement shows the company's revenue, expenses, and net income for the year. The balance sheet shows the company's assets, liabilities, and equity at the end of the year. The statement of cash flows shows the company's cash inflows and outflows for the year.
1) Income Sheet:
Sales revenue: $197,000
Less: Cost of goods sold: $122,000
Gross profit: $75,000
Less: Warranty expense: $9,850 ($197,000 x 5%)
Operating expenses: $54,500
Interest expense: $585 ($19,500 x 6% x 6/12)
Net income: $9,065
2) Balance Sheet:
Assets:
Cash: $15,500
Accounts receivable: $0
Merchandise inventory: $53,500 ($175,500 - $122,000)
Prepaid expenses: $0
Total current assets: $69,000
Property, plant, and equipment: $0
Total assets: $69,000
Liabilities and Equity:
Accounts payable: $0
Warranty liability: $9,850
Notes payable: $19,500
Total current liabilities: $29,350
Common stock: $48,500
Retained earnings: $9,150 ($9,065 - $585)
Total liabilities and equity: $69,000
3) Statement of Cash Flows:
Cash flows from operating activities:
Net income: $9,065
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation: $0
Warranty expense: $9,850
Changes in operating assets and liabilities:
Increase in accounts payable: $124,000
Net cash provided by operating activities: ($105,085)
Cash flows from financing activities:
Proceeds from issuance of common stock: $48,500
Proceeds from issuance of notes payable: $19,500
Net cash provided by financing activities: $68,000
Net increase in cash: $15,500
Cash at beginning of year: $0
Cash at end of year: $15,500
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Rich is in a car accident and his medical expenses exceed $25,000 more than the $100,000 typical Maximum Total Medical Expenses. How much money will Rich need to put out if his health insurance policy has a 10% deductible?
Answers
Answer:
65,000
Explanation:
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
Answers
Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
Enter your gross pay, taxes, and deductions below. Press calculate when you’re ready.
Answers
Answer:
what are we supposed to be answering
List any THREEshopping skill that you will follow.
Answers
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them
There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.
which type of leadership style should be used when the group has a strong sense of teamwork and a familiar routine?
Answers
When the group has a strong sense of teamwork and a familiar routine, a delegative or participative leadership style is often most effective.
In a delegative leadership style, the leader gives the group a high degree of autonomy, delegating decision-making responsibility to the team members. In a participative leadership style, the leader actively involves team members in the decision-making process, creating a sense of shared responsibility for the outcome. Both styles allow the team to take ownership of the work, build trust and cooperation, and leverage the team's strengths and experience. This type of leadership style also creates a legislation environment where team members feel valued and empowered, which can lead to higher levels of job satisfaction and motivation. so, a delegative or participative leadership style is often most effective.
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one dozen pencil cost 10 if rhe oencil were sold at 1.50 each ehat percentage profit was made on the pencil
Answers
Answer:
huh? im confused i almost had a stroke reading this-
Explanation:
Preparing for a new job by completing non-work related tasks (like scheduling appointments before your start date and practicing your transportation to and from work) is important because
Answers
Preparing for a new job by completing non-work related tasks can help reduce stress and anxiety, allowing you to focus on your job responsibilities once you start.
How does scheduling help?Scheduling appointments before your start date can ensure that you don't have to take time off work in the first few weeks to attend to personal matters.
Practicing your transportation to and from work can help you determine the best route and transportation mode, reducing the likelihood of being late or lost on your first day.
These tasks can also help you feel more organized and in control, which can boost your confidence and overall performance in your new role.
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How do you establish stakeholders support and confidence?
Answers
The following rules can help you build trustworthy stakeholder relationships:
1. Seek understanding before seeking to be understood.
2. Empathize with others and consider win-win scenarios.
Who are the stakeholders?A stakeholder is a party with an interest in a business who has the potential to influence or be affected by it.
A typical corporation's investors, employees, clients, and suppliers make up its main stakeholders.
There are six guidelines for creating dependable stakeholder relationships:
1. Seek understanding before seeking to be understood.
2. Empathize with others and consider win-win scenarios.
3. Be a competent leader and project manager by setting a good example.
4. Be transparent and truthful about the status of the project.
5. Take initiative and accountability for your actions.
6. Keep an optimistic frame of mind.
Therefore, the following rules can help you build trustworthy stakeholder relationships:
1. Seek understanding before seeking to be understood.
2. Empathize with others and consider win-win scenarios.
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Tyler is a recent college graduate that has a large private student loan debt. He is
single with no children. He wishes to get some cheap life insurance that will pay off
the debts in case he passes away. Which life insurance policy will fit his needs
best?
A. Term policy
B. Neither
C. Debt policy
D. Permanent policy
Answers
Answer: Term Policy
Explanation:
Term policy life insurance policy will fit his needs best. Thus, the correct option is A.
What is insurance?Insurance is a contract between an individual or organization (the policyholder) and an insurance company (the insurer) that provides financial protection against certain types of risks or losses.
The policyholder pays premiums to the insurer, and in exchange, the insurer agrees to pay out benefits or compensation in the event of covered losses or damages.
Insurance works on the principle of risk pooling, which means that the premiums paid by all policyholders are pooled together to cover the losses of the few who experience them.
This allows individuals and organizations to transfer the financial risks of certain events to the insurer, which helps to mitigate the impact of those events on their finances.
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The curve most economists use to follow the relationship between the interest rates and bonds' time to maturity is the:
Answers
Christopher is a self-employed cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Christopher has a 37 percent marginal tax rate. a) $500 fine for speeding while traveling to a client meeting. b) $800 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November. c) $600 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year.
Answers
Answer:
A. $500
B. $696
C. $378
Explanation:
Calculation to determine the after-tax cost of each payment
A. Based on the information given the AFTER-TAX COST will be $500 reason been that it is NOT DEDUCTIBLE based on the fact that fines and penalties does not provide a tax break
B. After-tax cost=$800 * [1-(0.5*0.37)]
After-tax cost=$800*(1-0.13)
After-tax cost=$800*0.87
After-tax cost=$696
Therefore After-tax cost is $696 reason been that HALF OF THE INTEREST will NOT be DEDUCTIBLE reason been that it was used to obtain NON-TAXABLE INCOME
C. After-tax cost=$600 * (1 - 0.37)
After-tax cost=$600*0.63
After-tax cost=$378
Therefore the After-tax cost is $378
Renata's US-based lifestyle company decides to invest in a company based in France that specializes in health and wellness. This would be an example of
Answers
People often make investments the health and wellness sector. This would be an example of foreign direct investment.
What is a foreign direct investment (FDI)?This is known as a purchase of an interest that a firm is involved in. Here, the company by a company or an investor are found outside its borders.
The 3 types of FDI are;
Horizontal FDIVertical FDIConglomerate FDIIt is simply a business decision to get or buy a good amount of stake in a foreign business as in the case with Reneta.
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Question 26 of 40
What is warehousing?
A. Production of products
B. Selling of products to consumer
C. Holding goods that are awaiting sale or movement
D. Providing raw materials for production
SUBMIT
Answers
Answer: The answer is C
Explanation:
Holding goods that are awaiting sale or movement is warehousing. Hence, option C is correct.
What is warehousing?Warehousing is the process of keeping physical inventory for a future sale or distribution. When companies need to temporarily store items in big quantities before shipping them either individually to customers or to other places, enterprises of all kinds employ warehouses.
Tangible goods or inventory are maintained in a storage facility as warehousing prior to being sold and delivered. In order to protect and arrange their products, businesses can keep them in warehouses safely and securely.
A warehouse is a type of commercial building used to store goods, and warehousing is the practice of correctly processing and storing goods inside of warehouses using scientific methods so that they are quickly and easily available when needed.
Thus, option C is correct.
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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
Answers
According to a CNN poll conducted in early February 2021, 69% of Americans approve of President Joe Biden's handling of the COVID-19 pandemic. The poll was conducted by SSRS, a research firm that specializes in survey research. The poll surveyed 1,004 adults across the United States and had a margin of error of plus or minus 3.7 percentage points. The poll also found that 60% of Americans believe that the worst of the pandemic is yet to come, despite the country's recent progress in vaccine distribution. Additionally, 93% of respondents said they have worn a mask in public in the past week, a sharp increase from similar polls conducted last year. The poll's results indicate that the majority of Americans are supportive of the current administration's efforts to combat the ongoing pandemic
Ida moves to New York from Poland and wants to live in an apartment. However, she does not have sufficient money to buy one. Her colleague Henry said Ida can live in his old apartment for a year, if she pays him $25,000. This contract would be considered a(n) ________. Group of answer choices
Answers
Answer:
Lease
Explanation:
Lease is the contract in which one party should convey the property in terms of land, services to the other party for a particualr time and in return they would paid the periodic payment i.e. of month wise normally
so as per the given situation since she does not enough money so she pay $25,000 to him for a year that means it a lease contract between them
In the completed work sheet, which of the following sets of columns would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system?
a. Adjustments and Balance Sheet columns
b. Trial Balance and Adjustments columns
c. Trial Balance and Income Statement columns
d. Adjustments and Income Statement columns
e. Trial Balance and Balance Sheet columns
Answers
The 2 sets of columns that would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system is Adjustments and Income Statement columns. The Option D is correct.
What is an income summary account?This is a temporary account in which all the income statement revenue and expense accounts are transferred at the end of an accounting period. The net amount, that is transferred into the income summary account equals the net profit or net loss that the business incurred during the period.
So, by shifting revenue out of the income statement means debiting the revenue account for the total amount of revenue recorded in the period, and crediting the income summary account.
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You are a Manager of a large IT firm based in Calgary, Canada. You’re currently opening a new office in Rome. You need to hire a new team of 10 for the Rome office, including one expatriat, one third pary national, and and one host national. What considerations do you need to make regarding performance management, in Rome? How do you approach it?
Answers
Sure, here are some considerations you need to make regarding performance management in Rome:
Cultural differences. Italy has a different culture than Canada, so you need to make sure your performance management system is aligned with Italian cultural norms. For example, Italians may be more indirect than Canadians, so you need to be mindful of how you give feedback.
Language barriers. If you have employees who speak different languages, you need to make sure your performance management system is accessible to everyone. This may mean providing translations of documents or using a translator during performance reviews.
Legal requirements. Italy has different labor laws than Canada, so you need to make sure your performance management system complies with those laws. For example, in Italy, employees are entitled to a certain amount of notice before their performance is reviewed.
Here are some ways to approach performance management in Rome:
Involve employees in the process. Get employees' input on how they want to be evaluated. This will help to ensure that the performance management system is fair and transparent.
Use a variety of methods. Don't rely on just one method of performance evaluation. Use a variety of methods, such as 360-degree feedback, self-assessments, and performance goals, to get a well-rounded view of each employee's performance.
Provide regular feedback. Don't wait until the end of the year to give feedback. Provide regular feedback throughout the year so that employees know how they're doing and how they can improve.
By taking these considerations into account, you can create a performance management system that is effective and fair for all employees in your Rome office.
Additional thoughts:
It's also important to be aware of the different expectations that employees may have in terms of performance management. For example, Italian employees may be more interested in receiving feedback on their overall performance, while Canadian employees may be more interested in receiving feedback on specific tasks or projects.
It's also important to be flexible and adaptable. As you learn more about the Italian culture and the needs of your employees, you may need to make adjustments to your performance management system.
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How do you think the Finance & Accounts department affects the other areas?
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Financing also plays a role in the growth of a company. Without having advance orders and payment, growth would not be a possibility without financing. In most cases, company growth is preceded by an investment in more employees, more inventory, another location, etc.
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Which of the following is likely to shift the supply curve right?
Answers
Answer:
A technological improvement that reduces costs of production will shift supply to the right, so that a greater quantity will be produced at any given price. Government policies can affect the cost of production and the supply curve through taxes, regulations, and subsidies.
What are five things that will shift a supply curve to the right?
changes in non-price factors that will cause an entire supply curve to shift (increasing or decreasing market supply); these include
1) the number of sellers in a market,
2) the level of technology used in a good's production,
3) the prices of inputs used to produce a good,
4) the amount of government regulation, ...
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Explain the concept of an opportunity cost with an appropriate example
Answers
Answer:
Explanation:
Opportunity cost is an economics tool that is useful in the process of making a choice of goods and services in order to ensure that scarce resources are used efficiently.
The opportunity cost of a product or service is the name given to an income that could be earned when such product or service is put to an alternative use.
It can also be described as the cost of the alternative forgone to achieve a particular product or service
For an example , if a student decides to give up on watching a movie to study for his exam , the opportunity cost of the exam is the cost and pleasure related to the movie
1. (20%) Given a 98% service level on the latest sale of a product X, the company sells a mean of 82 products X, standard deviation is 6, with 814 branches. If the company wanted to replace those 814 branches with a Web site.
What will be the safety stock and total number to be prepared for a in the retail chain? (10%)
What will be the safety stock and total number to be prepared in the internet business? (10%) (Please show your steps with formula and calculation)
Answers
For the retail chain:
Safety Stock = 14.82 units
Total Number = 96.82 units
For the internet business:
Safety Stock = 0 units
Total Number = 82 units
To calculate the safety stock and total number to be prepared for the retail chain and internet business, we need to use the formula for safety stock:
Safety Stock = Z * √(Lead Time * Variance of Demand)
First, let's calculate the safety stock for the retail chain:
1. Calculate Z-score:
The Z-score represents the number of standard deviations from the mean. Since the service level is 98%, we need to find the Z-score corresponding to the cumulative probability of 0.98. From the standard normal distribution table, we find that the Z-score is approximately 2.05.
2. Calculate the lead time:
The lead time represents the time it takes to receive the product after ordering. It is not provided in the question, so we assume a lead time of 1.
3. Calculate the variance of demand:
The variance of demand can be calculated using the formula: Variance = (Standard Deviation)^2. In this case, the standard deviation is given as 6, so the variance is (6)^2 = 36.
4. Calculate the safety stock:
Safety Stock = 2.05 * √(1 * 36) = 14.82 (rounded to 2 decimal places)
Next, let's calculate the total number to be prepared for the retail chain:
Total Number = Mean + Safety Stock = 82 + 14.82 = 96.82 (rounded to 2 decimal places)
Now, let's calculate the safety stock and total number to be prepared in the internet business:
Since the branches are being replaced with a website, we can assume that the lead time is negligible (close to 0) as the products can be delivered instantly. Therefore, we can use the same values for Z-score and the variance of demand.
1. Calculate the safety stock:
Safety Stock = 2.05 * √(0 * 36) = 0
2. Calculate the total number:
Total Number = Mean + Safety Stock = 82 + 0 = 82
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istp
1.Use the results of your personality test and write an essay.
2.Based on the test results write an essay describing your personality, learning style, and communication skills.
3. Post your essay on the "Question" page. Respond to all posts to your essay.
please pwede nyo ba sagutan due date na kasi Yan bucks please
Answers
Answer:
As an ISTP, I am characterized as a practical and logical person who enjoys solving problems and engaging in physical activities. I prefer to work independently and focus on the task at hand rather than engaging in social interactions.
My learning style is hands-on and experiential. I prefer to learn by doing rather than reading or listening to lectures. I thrive in situations where I can apply my knowledge and skills to solve real-world problems. I am good at analyzing complex situations and breaking them down into manageable parts.
When it comes to communication skills, I tend to be concise and to the point. I don't like to waste time on small talk and prefer direct communication. I am a good listener and pay attention to details. However, I may come across as aloof or detached in social situations, which can be misinterpreted by others.
As an ISTP, I have several strengths that I bring to any team or group. I am dependable, practical, and resourceful. I enjoy taking on challenges and coming up with creative solutions to problems. I am adaptable and can work in a variety of settings and situations.
However, there are also some weaknesses that I need to be aware of. I can sometimes come across as insensitive or indifferent to others' feelings, which can lead to misunderstandings and conflicts. I also have a tendency to procrastinate and avoid tasks that I find uninteresting or challenging.
To improve my communication skills, I can work on being more expressive and open with my thoughts and feelings. I can also try to be more patient and understanding with others, even if their communication styles differ from my own. To improve my learning style, I can seek out more opportunities for hands-on experience and experimentation, and try to engage with different learning materials to broaden my knowledge.
Overall, as an ISTP, I am a problem-solver who prefers practical solutions and hands-on experiences. While my communication style may come across as aloof, I am a good listener and pay attention to details. By being aware of my strengths and weaknesses, I can work to improve my skills and become a more effective member of any team or group.
Explanation:
Communication is a key component in coordinating and tracking project schedules, issues, and action items. The project communication plan maps out the flow of information to different stakeholders and becomes an integral part of the overall project plan. What are the different types of communications needed for project stakeholders? And, How do you determine who gets what and when?
Answers
The project stakeholders require various types of communication to stay informed and involved in the project. The determination of who gets what and when involves understanding stakeholder roles, preferences, and the impact of the information.
The different types of communications needed for project stakeholders include:
1. Status Updates: These are regular updates on the progress of the project, including milestones achieved, tasks completed, and any issues or risks that may have arisen.
2. Meetings: Meetings provide an opportunity for stakeholders to discuss project updates, address concerns, make decisions, and collaborate on solutions.
3. Reports: Reports provide a detailed overview of project progress, including key metrics, financial information, and any challenges or successes encountered.
4. Emails: Emails are used for quick updates, sharing documents, or seeking clarification on specific tasks or issues.
5. Presentations: Presentations are used to communicate project updates, strategies, and outcomes to larger groups of stakeholders.
To determine who gets what and when, you need to consider the specific needs and responsibilities of each stakeholder. This can be determined by:
1. Identifying Stakeholder Roles: Understand the roles and responsibilities of each stakeholder to determine what information they need to receive.
2. Assessing Communication Preferences: Some stakeholders may prefer email updates, while others may prefer in-person meetings. Consider individual communication preferences to ensure effective communication.
3. Analyzing Impact and Relevance: Assess the impact and relevance of the information to each stakeholder. Ensure that the communication provides value and is necessary for their involvement in the project.
4. Creating a Communication Plan: Develop a communication plan that outlines the types of communication, frequency, and channels for each stakeholder. This plan should be regularly reviewed and adjusted as needed.
In conclusion, project stakeholders require various types of communication to stay informed and involved in the project. The determination of who gets what and when involves understanding stakeholder roles, preferences, and the impact of the information. Creating a communication plan ensures that the right information is delivered to the right people at the right time.
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the fixed costs of databusters 5.0 are $15,000,000. the planned sales mix in units in 60% new customers and 40% upgrade customers. what is databusters 5.0 breakeven point in units for the new customers, assuming that the planned 60%- 40% sales mix is attained?
Answers
The breakeven point for Databusters 5.0 in new customer units is determined by dividing fixed costs ($15,000,000) by the contribution margin per new customer unit. The contribution margin is calculated by subtracting the variable cost per unit from the selling price per unit of new customers.
Therefore, if the planned sales mix in units is achieved (60% new customers, 40% upgrade customers), the breakeven point for Databusters 5.0 in new customer units is determined by dividing fixed costs by the new customer contribution margin. . This will give us a break-even point in units for new customers. To ensure that the planned sales mix is achieved, it is important to have an effective marketing strategy and good customer service to attract new customers and encourage them to buy the product.
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AtGlobal, Inc. claimed In Its advertisement that you can buy electronic Items on credit. Which federal law is applicable when AtGlobal, Inc. states
Its credit terms?
A.
Fair Debt Collection Practices Act
OB.
Truth in Lending Act
C.
Fair Credit Billing Act
O D.
Fair Credit Reporting Act
OE.
Equal Credit Opportunity Act
Answers
Answer: c
Explanation:
What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?
Answers
Answer:
Penetration pricing is a pricing strategy where a company charges less than its competitors in order to entice its competitors' customers to patronise them instead.
Competitive pricing on the other hand will see a company charging the same price as its competitors.
Benefits of using Penetration pricing over Competitive
Reduce competition - If the company engaging in penetration pricing is large enough with more influence in the market, charging less than competitors might lead to competitors leaving the market as the prices will be too meagre for them to cover costs. Market Dominance - using penetration pricing can lead to customers moving from the competitors to the company using penetration pricing thereby giving that company market dominance. Economies of scale - Penetration pricing allows the company to sell more quantity of its product which means that it will have to produce more and this will reduce average costs for the company.Risks involved
Price War - There is a risk of a price war if a company uses penetration pricing. A price war happens when a company reduces its prices and their competitors react by reducing their own prices as well. It might led to a situation where this continues until all the companies are making significant losses. Brand Image damage - Cheaper products are usually perceived as having lower quality. Reducing prices might see customers believing instead that the brand is poor and so they may avoid it. Attracts low loyalty - The customers gained through this strategies most often have little brand loyalty and when a better deal comes than the one they are being offered in that moment, they will leave.The function f(x) = 2,000(1 + )12t models the balance in a savings account.
The savings account had an initial balance of _ and compounds
_ at an interest rate of _
Answers
Answer:
In the exponential function f(x) = P(1 + )nt :
P = principal value
r = the annual interest rate
n = number of compounding periods in a year
t = time in years
For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.
Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.
Explanation:
Explanation from PLATO