Answer:
True
Explanation:
According to Keynes, if aggregate income is too high (i.e, an inflationary gap is developing) the government should use contractionary fiscal policy.
Fiscal policy in economics deals with government expenditure and income.
Therefore, c fiscal policy is a monetary measure which involves a reduction in government spending or an increase in tax. It is used to reduce the rates of monetary expansion by putting limits on the flow of money in the economy.
Contractionary fiscal policy is used to control inflation in an economy.
Expansionary fiscal policy is the opposite of contractionary fiscal policy. Expansionary fiscal policy is the increase in government spending and a decrease in tax. It is used to control deflationary gap.
Arrange the steps in shipping and receiving merchandize in the correct order.
1.shipment of goods
2.receiving goods
3.order fulfillment
4.inventory control
Answer:
3,1,4,2
Explanation:
order fulfilment
shipment of goods
inventory control
receiving goods
Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not.
1. in a major metropolitan area, there are many coffee shops, but one chain has gained a large market share because customers feel its coffee tastes better than its competitors'.
2. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care about who sells them their socks. The technology for producing socks is widely known, and any reputable person who wanted to start a sock manufacturing business could obtain a loan from a bank to buy the necessary machinery.
3. Only three airlines fly from San Francisco to Medford, Oregon. No new airline will enter this market, because there are not enough customers to share among four or more airlines without each one experiencing substantially higher average costs. Consumers view all airlines as providing basically the same service and will shop around for the lowest price.
4. The government has granted the u. s. postal service the exclusive right to deliver mail.
Answer:
vagos estudien mas bien
Explanation:
compare and contrast the different types of sentences in active writing.
In active writing, there are four different types of sentences: simple, compound, complex, and compound-complex.
A simple sentence consists of one independent clause and expresses a single idea. This type of sentence is commonly found in concise writing and can be useful for emphasizing a main point.
A compound sentence consists of two or more independent clauses, joined by a coordinating conjunction such as "and" or "but." This type of sentence is useful for showing relationships between ideas and can help the writer connect different ideas cohesively.
A complex sentence consists of an independent clause and at least one dependent clause. The dependent clause cannot stand alone as a complete sentence. This type of sentence emphasizes a subordinate idea to the main idea.
A compound-complex sentence consists of two or more independent clauses and at least one dependent clause. This type of sentence combines the features of the compound and complex sentence structures.
In general, the different sentence structures allow writers to convey a wide range of ideas and connect them in various ways. Each one has its advantages, and writers can use them strategically to create a clear and effective communication of their ideas.
For such more questions on compound
https://brainly.com/question/28960137
#SPJ11
Demand for fasteners at W.W. Grainger is 20,000 boxes per month. Holding cost at Grainger is 20 percent per year. Each order incurs a fixed cost of $400. The supplier offers an all unit discount pricing scheme with a price of $5 per box for orders under 30,000 and a price of $4.90 for all orders of 30,000 or more. How many boxes should Grainger order per replenishment
Solution :
Given :
The annual demand, D = \($200000 \times 12$\)
= 240,000
The ordering cost, S = $ 400
Holding cost, H = 20 percent per year
The EOQ for each year,
\($EOQ=\sqrt{\frac{2DS}{H}}$\)
Under 30000, the cost = 5, Holding cost = 5 x 0.2 = 0
\($EOQ=\sqrt{\frac{2\times 240000 \times 400}{1}}$\)
= 13856.41
= 13856 (approx.)
It is feasible as it is not with in range of 30000 or more.
So calculating total cost at order quantity, Q = 13856 and 30000
Therefore total cost = purchase cost + annual ordering cost + annual holding cost.
\($=(CD)+\frac{Q}{2}H+\frac{D}{Q}S$\)
Q = 13856
Total cost = \($(5\times 240000)+(\frac{240000}{13856})\times 400+(\frac{12856}{2})\times 1$\)
= 1213856
Q = 30000
Total cost = \($(4.9\times 240000)+(\frac{240000}{30000})\times 400+(\frac{30000}{2})\times 0.98= 1193900$\)
Total cost is less than Q = 30000
Order quantity = 30000 boxes
You own a shoe store with a merchandise book value of $178,000. You conduct a physical inventory and find the value to be $169,000. Your total sales between inventories totaled $476,000. Calculate the shrinkage as a percentage of sales.
Answer:
1.89%
Explanation:
The book value of the merchandise is $178,000
Physical inventory reveals stock is worth $169,000
The shrinkage = $178,000 - $169,000
=$9000
As a percentage of sales, the shrinkage will be
=$9000/$476,000 x 100
=0.0189076 x 100
=1.89%
Answer:
1.9%
Explanation:
Gains on the sale of long-term assets are:
A. added to operating activities.
B. added to investing activities.
C. added to financing activities.
D. subtracted from operating activities.
Gains on the sale of long-term assets are added to investing activities. Therefore, option B is correct.
When a long-term asset is sold at a gain, the cash received from the sale is classified as a cash inflow in the investing activities section. This section of the statement of cash flows includes transactions related to the sale of long-term assets, such as property, plant, and equipment, and investments in other companies.
Gains on the sale of long-term assets are considered investment-related gains and are included in this section to provide a comprehensive view of the organization's investing activities.
Learn more about assets, here:
https://brainly.com/question/14826727
#SPJ1
Who is a business letter not written by?
A business letter is not written Option C. between two private individuals.
A business letter is a formal letter used by businesses or companies to communicate with customers, clients, other companies, or government officials. It is used for various purposes, such as requesting information, placing orders, providing feedback, making inquiries, making claims, making offers, and more. Business letters are different from personal letters in that they are more formal, objective, and to the point.
Business letters are usually written by a company's employees who have the authority to do so. For instance, the sales team may write letters to prospective clients to solicit their business, while the human resources department may write letters to job applicants to inform them of their application status. There are various types of business letters, and each serves a different purpose. Some common types of business letters include:
1. Inquiry letters: Used to request information about products, services, or pricing.
2. Order letters: Used to place orders for goods or services.
3. Complaint letters: Used to make a formal complaint about a product or service.
4. Adjustment letters: Used to respond to a complaint or request for an adjustment.
5. Sales letters: Used to sell a product or service.
6. Acknowledgment letters: Used to acknowledge receipt of an order, complaint, or request.
7. Employment letters: Used to communicate with job applicants, employees, or ex-employees.
8. Invitation letters: Used to invite someone to an event or occasion.
9. Cover letters: Used to accompany a resume or job application.
Business letters are important because they create a record of communication between two parties, and they provide a paper trail of events. They are also important because they can be used in legal proceedings, as they show that the parties communicated about a particular matter. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
A business letter is not written
A. between a company and its customers or clients
B. between one company and another company
C. between two private individuals
D. to employees within a company to recognize important achievements
Know more about Business letter here:
https://brainly.com/question/30679567
#SPJ8
Major retail firms such as Walmart have used data mining to customize the product offerings for each store.
t or f
answer questions 1 through 8 using the following 2016 olympics men's 100 meters event dataset. the dataset consists of data of the fastest 4 athletes in the finals of the event. the first column gives the athlete's name, the second column gives their country, the third column gives the position in which they finished (1 being the fastest to 4 being the slowest), the fourth column gives the color of their jersey and the last column gives the average speed with which the athlete ran during the race.
The number of theoretical plates is reflected in the geometry of the peaks, with Column 1 having more theoretical plates.
Chromatography column by comparing its height to a hypothetical plate, or plate height H. c. The resolution, which is the ability to discriminate between two signals. This has to do with cinematography's ability to tell apart two peaks. As a result, Column 1 has a greater resolution. d. During chromatography procedures, the relative affinities of the substances for the stationary and mobile phases dictate the rates of migration of the substances. Stronger solutes attracted to the stationary phase are retained in comparison to those more strongly attracted to the mobile phase. As a result, both columns' relative retention is the same.
Learn more about Chromatography here:
https://brainly.com/question/29585970
#SPJ4
Corrs Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO cost-or-market at December 31, 2019, and December 31, 2020. This information is presented below: Cost Lower-of-Cost-or-Market 12/31/19 $ 356,000 $ 327,000 12/31/20 420,000 395,000 (a) Prepare the journal entries required at December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods-sold method) is used.
The appropriate journal entries required at December 31, 2019, and December 31, 2020, assuming cost-of-goods-sold method and loss method is used are:
Corrs Company Journal entries
a) December 31, 2019
Debit Cost of goods sold $29,000
Credit Allowance to reduce inventory to NRV $29,000
($356,000- $327,000)
December 31, 2020
Debit Allowance to reduce inventory to NRV $4,000
Credit Cost of goods sold $4,000
($356,000- $327,000)-($420,000-$395,000)
b) December 31, 2019
Debit Loss due to decline inventory to NRV $29,000
Credit Allowance to reduce inventory to NRV $29,000
($356,000- $327,000)
December 31, 2020
Debit Allowance to reduce inventory to NRV $4,000
Credit Recovery of Inventory loss $4,000
($356,000- $327,000)-($420,000-$395,000)
c) The two methods above provides the same higher net income in each year.
Learn more here:
https://brainly.com/question/15649363
define desire and want
Answer:
give him brainlist
have a great day
Answer: To like/ want
Explanation:
What are luxury home bar manufacturers?
Answer:
Some luxury home bar manufacturers include:
1. Kalamazoo Outdoor Gourmet
2. Sub-Zero and Wolf
3. True Residential
4. Perlick
5. U-Line
6. Marvel Refrigeration
7. Scotsman
8. Hestan
9. Lynx Grills
10. Viking Range.
Pumpkin Spice Latte fanatics could be considered a(n) __________ of coffee enthusiasts.
Question Completion:
2. Pumpkin Spice Latte fanatics could be considered a(n) __________ of coffee enthusiasts.
a. reference group
b. subculture
c. social class
d. opinion leader
Answer:
Pumpkin Spice Latte fanatics could be considered a(n) __________ of coffee enthusiasts.
a. a reference group
Explanation:
In Sociology, other people who are not fanatics of Pumpkin Spice Latte (PSL fanatics as they are known) can use the PSL to compare their coffee drinking habits. This means that the Pumpkin Spice Latte fanatics become a comparative reference group for any person who intends to do such relationship comparison. Therefore, the PSL is regarded as aa group for self-evaluation.
Your uncle in announces at a family gathering that he is thinking of becoming a day trader. What might you ask him to help him assess the wisdom of that choice?
Answer:
I’d ask him what are the stocks he is interested in selling/investing in. And where he would get all these stocks due to the fact that day traders sell everyday. Causing me to question if he’s buying stocks in surplus then selling them for a higher price or perhaps he has stocks of his own he can make a surplus of.
Explanation: Day traders execute many trades throughout the day to capitalize on intraday market price action. Their goal is to profit off of short term price movements.
You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answer:
C) price elastic.
Explanation:
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
For more such questions on Defense Authorization Act, click on:
https://brainly.com/question/29225501
#SPJ8
Hi there !
Topic - Balance sheets
What is a capital expenditure versus a revenue expenditure?
Nonsense = Reported
Please answer A.S.A.P
Thank you
Answer:
Capital expenditures are typically one-time large purchases of fixed assets that will be used for revenue generation over a longer period while revenue expenditures are typically referred to as ongoing operating expenses, which are short-term expenses that are used in running the daily business operations.
(Principles of management is the class I am taking )
What is a management control system? give a example
A management control system gathers information used to evaluate the performance of:
HumanPhysicalFinancialOther organizational resources.What is a management control system?A management control system is a management technique that evaluates the achievement of performance goals in terms of:
ProductivityProfitabilityEfficiency.Thus, a management control system gathers information used to evaluate the performance of human, physical, financial, and other organizational resources.
Learn more about management control systems at https://brainly.com/question/23530059
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
For more question on research visit:
https://brainly.com/question/20365163
#SPJ8
Your uncle is sole pro-
prietor of a camera shop. You know much more about digital cameras than he does. He is looking for a
partner. What questions would you ask him before you would consider going into business with him?
Answer:
Does he know managerial and literacy work such as account book keeping, purchase and sale record keeping etc.
Explanation:
Because I will do the sale and purchase of the camera and other technical work myself.
Suppose you have $100 in a saving account earning 2 percent interest a year.after five year how much would you have
Answer: Roughly $110.40
Explanation:
100 x (1.02)^5
The 1.02 is just 100 percent of the number plus the 2 percent interest you make.
Answer:
$110.41
Explanation:
Provided that the interest is a "compounding interest," you will have $110.41 in 5 years. A compounding interest allows you to calculate the interest you can earn on your accumulated interest over time in addition to your deposit.
Let's calculate the interest on a yearly basis.
1. First year = $100 x 20% (0.02) = $2
You have to add $2 to the initial deposit of $100.
$100 + $2 = $1022. Second year = $102 x 20% (0.02) = $2.04
$102 + $2.04 = $104.043. Third year = $104.04 x 20% (0.02) = $2.0808
104.04 + $2.0808 = $106.12084. Fourth year = $106.1208 x 20% (0.02) = $2.122416
$106.1208 + $2.122416 = $108.2432165. Fifth year = $108.243216 x 20% (0.02) = $2.16486432
$108.243216 + $2.16486432 = $110.408 or $110.41After five years, you will have $110.41.
5) On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced for sale at $185,000. On September 3, Reliable Repair Service accepted the seller's counteroffer of $167,500. Describe how Reliable Repair Service should record the land.
Answer:
The price should be recorded as $167,500
Explanation:
As per the accounting principles, assets should be recorded at the price they were paid for. In case of a purchase, the accountant should record in the books the amount the company paid to acquire the asset. For sales, the amount received from the buyer is the figure to be recorded in the books.
For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.
Question 5 of 10
What is one disadvantage of a trade school education over a four-year
college?
A. The cost will be higher.
B. You will have to study longer.
C. You will be less prepared to work.
OD. Your courses will not be as diverse.
Answer: your answer is B
Explanation:
1.1.1 Name any one leakage in an economy. NAME ONE SECTOR INVOLVED MULTIPHER 1.1.2 What does the 45° line in the graph represent? 1.1.3 Briefly discuss the term autonomous consumption. 1.1.4 Explain the negative impact of a decrease in consumer spending on the size of the (2) multiplier. (1) IN DERIVING THE MACRO-ECONOMIC 1.2 Why is it important for a country to calculate its national income? [18] (1) 1.1.5 Calculate the multiplier when individual spending on consumption is 60%. Show all calculations. (4) (8)
1.1.1 One leakage in an economy is saving. The saving sector is involved in the leakage as individuals and businesses save a portion of their income rather than spending it on consumption or investment. Saving represents the portion of income that is not immediately injected back into the economy and can lead to a decrease in aggregate demand.
1.1.2 The 45° line in the graph represents the equilibrium level of output or income in an economy. It shows the points where aggregate spending (aggregate demand) is equal to aggregate production (aggregate supply). The line represents the condition where spending equals production, indicating a state of macroeconomic equilibrium.
1.1.3 Autonomous consumption refers to the level of consumption expenditure that occurs even when income is zero or negative. It represents the minimum level of consumption that individuals and households maintain regardless of their income. Autonomous consumption is usually influenced by factors such as basic needs, fixed expenses, or borrowing. It plays a crucial role in determining the level of aggregate demand in an economy.
1.1.4 A decrease in consumer spending has a negative impact on the size of the multiplier. The multiplier refers to the amplification effect that occurs when an initial change in spending or investment leads to a larger overall change in the economy. When consumer spending decreases, it leads to a decrease in aggregate demand, which in turn reduces the level of output and income. As a result, the multiplier effect is dampened, and the overall impact on the economy becomes smaller.
1.2 Calculating national income is important for a country for several reasons:
- It provides policymakers and economists with crucial information about the overall health and performance of the economy.
- National income data helps in formulating economic policies and making informed decisions related to fiscal and monetary policies.
- It allows for the comparison of economic performance across different countries and over time, providing insights into economic growth and development.
- National income calculations help in identifying income distribution patterns and inequalities within a country.
- It serves as a basis for calculating various economic indicators, such as GDP per capita, which are used to assess the standard of living and well-being of the population.
1.1.5 To calculate the multiplier when individual spending on consumption is 60%, we can use the formula:
Multiplier = 1 / (1 - Marginal Propensity to Consume)
Given that the individual spending on consumption is 60% or 0.6, the Marginal Propensity to Consume (MPC) would be 0.6. Substituting this value into the formula:
Multiplier = 1 / (1 - 0.6)
Multiplier = 1 / 0.4
Multiplier = 2.5
Therefore, the multiplier in this case would be 2.5.
Suppose you run a lawn mowing business. You charge $15 per lawn, you can mow five lawns in an eight hour day, and you work five days a week. You currently have more people asking you to mow their lawns than you can satisfy so you are considering hiring someone to help. Your other option is to rent a riding lawn mower that will enable you to mow seven lawns each day. Your friend Jim, a good worker, will work for $8 per hour and will be able to mow five lawns in an eight hour day also. If you rent a riding mower, it will cost you $100 per week plus $25 for gas and oil.
Required:
What is your best option? Explain why you believe this is your best choice.
Answer:
Option 2
Explanation:
Option 1 If we hire someone to help
Revenue = $15/lawn x 5 lawns per day
Revenue = $75 x 7 days = $525
Total cost = Rate per hour x No. of lawns per day x No, of hours worked
Total cost = $8 x 5 x $8
Total cost = $320 x 7days = 2,240
Profit/Loss = $525- $2,240
Profit/loss = $1,715 loss
Option 2 If we rent a riding mower
Revenue = 7 lawns per day x $15/lawn x 7 days
Revenue = $735
Cost = $100 + $25 for gas and oi
Cost = $125
Profit/loss = $610
The best option would be Option 2 because Firstly it is very much low in cost and provides us a great revenue secondly, it also increases our work efficiency.
a company has current ratio 2.7:1 and liquid ratio 1.8:1 Total liabilities are 22500 the find the value of current assets
Answer:
The value of current assets are 60,750.
Explanation:
This can be calculated using the current ratio formula as follows:
Current ratio = Current assets / Current liabilities .............. (1)
Where;
Current ratio = 2.7
Current assets = ?
Current liabilities = Total liabilities = 22500
Substituting the values into equation (1) and solve for Current assets, we have:
2.7 = Current assets / 22500
Current assets = 2.7 * 22500
Current assets = 60,750
Note:
It should be noted that in Accounting when no information is given about Non-current liabilities, it indicates that current liabilities are to Total liabilities .
SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
For more such questions on Coca-Cola
https://brainly.com/question/30371353
#SPJ8
What does social responsibility mean to you personally? Do you think business organizations
should be socially responsible? Explain.
Small paragraph
Answer: Social responsibility for me means contributing to the environment and if I believe that companies should be responsibly social.
Explanation: Social responsibility allows me to understand that being in the world is not simply to satisfy my needs but also to provide help to those who need it. A company with social responsibility is one that knows how its organization can negatively or positively affect the community in which it is located.
Calculate Tim's marginal revenue and marginal cost for the first seven frying pans he produces, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.
Answer:
1. Profit maximization using total cost and total revenue curves Suppose Juanita runs a small business that manufactures teddy bears. Assume that the market for teddy bears is a competitive market, and the market price is $20 per teddy bear. The following graph shows Juanita's total cost curve. Use the blue points (circle symbol) to plot total revenue and the green points (triangle symbol) to plot profit for teddy bears quantities zero through seven (inclusive) that Juanita produces. Total Revenue Total Cost Profit TOTAL COST AND REVENUE (Dollars) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Calculate Juanita's marginal revenue and marginal cost for the first seven teddy bears she produces, and plot them on the following graph. Use the blue points (circle symbol) to plot marginal revenue and the orange points (square symbol) to plot marginal cost at each quantity.
Marginal Revenue Marginal Cost COSTS AND REVENUE (Dollars per teddy bear) 0 1 2 6 7 8 3 4 5 QUANTITY (Teddy bears) Juanita's profit is maximized when she produces teddy bears. When she does this, the marginal cost of the last teddy bear she produces is , which is than the price Juanita receives for each teddy bear she sells. The marginal cost of producing an additional teddy bear (that is, one more teddy bear than would maximize her profit) is $ , which is than the price Juanita receives for each teddy bear she sells. Therefore, Juanita's profit-maximizing quantity corresponds to the intersection of the curves. Because Juanita is a price taker, this last condition can also be written as
Uses price points to establish prices that help create the impression that the product is less expensive than it is
Answer:
a premium pricing strategy
Explanation:
one of the most effective strategies that you can use to promote your products is by using price points to establish prices that help create the impression that the product is less expensive than it is. This strategy is all about creating the right perception in the minds of your target audience. By using price points that are slightly lower than the actual price of the product, you can create the impression that the product is a great deal and that your customers are getting a bargain.
When you use this strategy, you can make your products more appealing to customers who are looking for great deals. This is because the perception of value is often more important than the actual value of the product. By making your products seem like they are more affordable than they are, you can attract more customers and boost your sales.
However, it is essential to note that this strategy should be used with caution. While it can be effective in the short term, it can also backfire if customers feel like they have been tricked or misled. This can damage your brand reputation and lead to a loss of trust from your customers.
To avoid this, it is important to be transparent about your pricing strategy and to communicate the actual price of your products. You can also use this strategy in conjunction with other marketing strategies, such as offering discounts or promotions, to create a more comprehensive pricing strategy that appeals to a broader range of customers.
Overall, using price points to establish prices that help create the impression that the product is less expensive than it is can be a highly effective marketing strategy. But it is essential to use it responsibly and to always prioritize transparency and honesty with your customers. By doing so, you can build a strong brand reputation and attract loyal customers who trust your brand and are willing to pay for the value that your products provide.