Explain Key principles of economics. ‘your answers
should not exceed 100 words"

Answer: Lean six sigma

Explanation: Lean Six Sigma is a process improvement methodology designed to eliminate problems, waste and inefficiency, and improve working conditions to better meet customer needs.

It combines Lean and Six Sigma tools, methodologies, and principles into a common and powerful methodology for improving your company's operations.

The team-centric approach of Lean Six Sigma has resulted in maximizing efficiency and dramatically improving profitability for organizations around the world.

To learn more about Lean six sigma,

https://brainly.com/question/29462390

https://brainly.com/question/29671221

Main answer: Generally, in comparison to a donee beneficiary, a creditor beneficiary has an enforceable right to demand performance from the promisor.

Explanation: A creditor beneficiary is a third-party beneficiary that is owed a debt by the promisor and is entitled to enforce that obligation. In contrast to a donee beneficiary, who is the beneficiary of a contract that is intended to give a gift to the beneficiary rather than to satisfy a debt, the creditor beneficiary has an enforceable right to demand performance from the promisor.

The main purpose of creditor beneficiaries is to create enforceable rights and obligations between a promisor and a third party who is not a party to the contract. The creditor beneficiary has a right to demand the performance of the promise made by the promisor, and the promisor has an obligation to perform under the contract. This creates a legal relationship between the creditor beneficiary and the promisor that would not exist otherwise.

To know more about creditor visit:

brainly.com/question/22912208

#SPJ11

Answer:

because sometimes they help us to get some medicine which can be used to cure a particular disease

1.Political candidates are notorious for appealing to the different beliefs and values of groups of potential voters in different areas of the country. These politicians are appealing to differences in regional culture. The main answer is Regional culture.

Political candidates are notorious for appealing to the different beliefs and values of groups of potential voters in different areas of the country. These politicians are appealing to differences in regional culture, that is, the unique cultural patterns that exist among people in different regions.2. The following describes how a bakery marketing birthday cakes provides consumers with form utility: the buyer knows the bakery makes excellent, uniform chocolate cokes with cream cheese frosting, and they are never lopsided.

Providing consumers with form utility is achieved by creating a product that meets customers' needs and preferences and is consistent in terms of quality, appearance, and other attributes.

By providing customers with form utility, a firm can create a competitive advantage in the marketplace.

A(n) open; sealed-bid auction goods are sold to the highest bidder, and in a Dutch auction, vendors bid prices down until the buyer accepts a bid.4. The tactic described in the question where Jack in the Box is trying to convince fast-food customers to buy the firm's innovative and more exotic sandwiches for dinner not just lunch by providing in-store customers with a coupon book of deep-value coupons that are timed to be used once a week for the next eight weeks would be described as customer relationship management (CRM).

5. The primary marketing objective for the majority of firms is sales in dollars despite that fact that most non-business people assume it is market share.

To know more about Regional culture  ,visit:
https://brainly.com/question/13960184
#SPJ11

Answer: Creative thinking is necessary for business problem-solving.

Explanation: The skill of creative thinking is a helpful skill because it teaches workers/business owners to find opportunities and ways to improve something even if the situation is challenging. This also lets the person face a problem or situations by a different view. I hope this helped!

A. There is no single, global legal system in the world today.

Correct option should be A, however there is a slight chance B is correct But I am 90% sure it is A

Answer:

To serve as the basis for future planning.

Explanation:

Recording past income and spending in a budget allows individuals or organizations to analyze their financial history and patterns. By understanding how money was earned and spent in the past, it becomes easier to make informed decisions and create realistic plans for the future.

Analyzing past income and spending helps identify trends, areas of overspending, and opportunities for savings. It provides insights into which expenses are necessary, which can be reduced, and where adjustments need to be made to achieve financial goals.

By examining past financial data, individuals and organizations can make more accurate projections, set realistic budgets, and allocate resources effectively. It serves as a foundation for planning and helps in making informed financial decisions moving forward.

Recording past income and spending in a budget is primarily for future planning. It helps to understand financial habits, anticipate future income and expenses accurately, and make informed decisions about managing money.

The primary purpose of recording past income and spending in a budget is to serve as the basis for future planning. By understanding your past income and expenses, you can make informed decisions about your financial future. For example, if you consistently spent too much on dining out last year, you might decide to budget less for this category next year. Conversely, if you had a high income one month due to overtime work, you might not factor this into your regular income planning.

This process helps to identify trends and anticipate future income and expenses accurately. It doesn't primarily offer insight into the historical cost of goods, the importance of saving, or why expenditures are likely to increase. These are side benefits or different aspects of budgeting and financial planning.

https://brainly.com/question/31952035

#SPJ12

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

Answer:

Retail Trade

7%

Explanation:

Edge 2020

A stockholder or shareholder is an institution or individual including a corporation that legally owns one or more shares of stock in a public or private corporation. Shareholders receive ownership rights based on their percentage of ownership in corporate stock.

Shareholders and stockholders are the same things. Both words describe someone who owns shares of stock in a business. For the purposes of this article, we'll use the term "shareholders.

Shareholders are individuals, companies, or trusts that own shares of a for-profit corporation. The individuals own a specific number of shares, which they each purchased at a specific price.

Learn more about shareholders here

https://brainly.com/question/25818989

#SPJ4

Answer:

full (by painting his house)

Explanation:

When Rosco was unable to pay the $1,000 he owed Lyden, Lyden agreed to let Rosco paint Lyden's house in payment. When Rosco finished painting Rosco's house, the original obligation was discharged by full (by painting his house)

Reason -

(i.e. If Rosco is unable to pay $1000 then in that option he painted Lyden's house so he is discharged by painting his house )

QuickBooks Accountant visit the employer menu and pick Make trendy journal Entries, make certain your debits same our credit when we are done.

Some making an investment and financing sports occur with out producing or consuming coins. as an instance, a enterprise may trade not unusual inventory for land or gather a building in change for a word payable.Big noncash financing and making an investment sports are reported at the agency's earnings declaration.

Non-cash transactions are always recorded in the income statement, as they directly effect general internet income, however do now not impact coins go with the flow. subsequent, you may need to create a contra account for your device to preserve music of your monthly depreciation price.can also

A magazine access is a report of the business transactions in the accounting books of a business. A nicely documented magazine access includes an appropriate date, quantities to be debited and credited, description of the transaction and a unique reference number. A magazine access is the first step inside the accounting cycle.

Learn more about noncash investing here:-https://brainly.com/question/28088065

#SPJ4

Cornelius Vanderbilt was a prominent American businessman and entrepreneur in the 19th century who was involved in various industries, including shipping and railroads.

While he was undoubtedly a very wealthy and powerful individual, it is difficult to determine exactly how much of the market he controlled.

Vanderbilt was known for his aggressive business tactics, and he certainly dominated certain markets, such as the steamship industry in the mid-1800s. However, it is unlikely that he had complete control over any particular market. There were often other wealthy and powerful individuals and companies competing with him.

It's worth noting that the concept of "market share" as we understand it today was not really relevant in Vanderbilt's time. The business landscape was much more fragmented and decentralized, and there were fewer large, dominant corporations. Vanderbilt's wealth and power were derived more from his personal fortune and his ability to outmaneuver his rivals than from any sort of market dominance.

To learn more about Cornelius Vanderbilt here:

https://brainly.com/question/30562132

#SPJ4

Although NPV is thought to be the most reliable and theoretically sound way for analysing capital budgeting choices, managers may employ several metrics based on the particular scenario or decision being made

The process of preparing a budget defines how a company will distribute its financial resources over a specific time period. It include forecasting future income and spending, deciding on priorities, and establishing performance goals. A crucial component of financial management is budgeting, which enables businesses to keep expenditures in check, allocate resources efficiently, and make long term plans. Accurate financial data, communication across departments and stakeholders, and a clear grasp of the organization's goals and objectives are necessary for effective budgeting. Budgeting helps companies to make educated decisions, adjust to changing conditions, and maintain long-term sustainability by defining clear financial goals and tracking performance against them.budgeting

Learn more about budgeting here:

https://brainly.com/question/15683430

#SPJ4

Answer:

Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.

Explanation:

i hope it's help

mark as brainliest answer

don't forget to follow me

thanks me later

I'm beginner plss support me

stay safe

The value of the bond at the present time is $4,716.28.

PV = $5000 * [ 1 - (1+0.08/4)^(-60)] / (0.08/4)

PV = $5000 * [ 1 - (1.02)^(-60)] / (0.02)

PV = $5000 * [ 1 - (0.980482833333)^60] / (0.02)

PV = $5000 * [ 1 - 0.283760 ] / (0.02)

PV = $5000 * [ 0.716240 ] / (0.02)

PV = $5000 * 35.812

PV = $179,060

PV = $179,060 / (1.08)^15

PV = $179,060 / (2.15)

PV = $4,716.28

- A bond's current value can be calculated by adding up all of the bond's future cash flows and then discounting those cash flows using the needed rate of return. In this particular scenario, the future cash flows associated with the bond are the interest payments that will be made on a quarterly basis throughout the duration of the bond's term, which is 15 years. The minimum needed rate of return is 8%; however, given that interest is compounded quarterly, the actual minimum required rate of return is calculated as 8% divided by 4, which equals 2%.

- First, we need to determine the value of the interest payments that will be received in the future so that we may compute the present value of the bond. The sum of all of the cash flows, after being discounted at the appropriate rate of return, is what is meant to be understood as the future value of a series of cash flows. In this scenario, the present value of the interest payments is calculated by adding up all of the interest payments that are scheduled to be made over the course of the following 15 years and then applying a discount factor equal to the effective necessary rate of return, which in this case is 2%.

- The future value of the interest payments is then discounted at the needed rate of return of 8% to get at the present value of the bond, which is this value. This is the total amount of interest that will be paid over the course of the next 15 years, discounted based on an effective needed rate of return of 2% and then divided by the discount rate of 8%. The value of the bond at the present time is $4,716.28.

To learn more about bond,

https://brainly.com/question/25965295

#SPJ11

The expectation of a person buying 5 tickets is $0.18.

First, we calculate the probability that the person buying the ticket wins one of the prizes:

Probability of winning $900 prize = 1/1000

Probability of winning $600 prize = 1/1000

Probability of winning $300 prize = 3/1000

Probability of winning $200 prize = 4/1000

Next, we calculate the expected value of the winning ticket:

Expected value of $900 prize = 1/1000 × $900 = $0.9

Expected value of $600 prize = 1/1000 × $600 = $0.6

Expected value of $300 prize = 3/1000 × $300 = $0.9

Expected value of $200 prize = 4/1000 × $200 = $0.8

Finally, we can calculate the expectation of a person buying 5 tickets using the formula below:

Expectation = Number of tickets bought × Probability of winning × Expected value of prize

Expectation = 5 × (1/1000 × 0.9 + 1/1000 × 0.6 + 3/1000 × 0.9 + 4/1000 × 0.8)

Expectation = 5 × 0.036Expectation = 0.18

For more about expectation:

https://brainly.com/question/19585939

#SPJ11

Yes, the above statement is true. To be successful in problem-solving selling, salespeople must be able to get the buyer to agree that a complication exists and that resolving it is worth the time and effort required.

This involves identifying the buyer's problems or pain points, quantifying the impact of those problems, and presenting a solution that addresses the buyer's needs. If the buyer does not agree that a complication exists or that resolving it is worth the time and effort required, the salesperson will likely not be able to close the sale. Therefore, it is important for salespeople to be skilled at problem-solving and to be able to effectively communicate the value of their solution to the buyer.

To learn more about problem-solving selling, click here:

https://brainly.com/question/30615010

#SPJ11

Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.

Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.

Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.

Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.

A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.

Hence, option B is the right choice.

To know more about marketing, visit https://brainly.com/question/27155256

#SPJ11

Answer:

Trade on the coast of East Africa brought about many cultural interactions. Here are three examples:

The Swahili Coast is home to a unique culture and language that is a multicultural blend of African, Arab, and Indian Ocean peoples. This is due to the long history of trade and mingling between various peoples along the East African coast.

The seasonally alternating Indian Ocean monsoon winds allowed for efficient sea voyages up and down the coast, which encouraged intermarriage and cultural exchange between traders who were stranded for months at a time.

The wealth of the Swahili Coast attracted Persian and Arab immigrants, further contributing to the multicultural nature of the region.

These interactions had a positive effect on the region as they contributed to the development of a rich and unique culture along the Swahili Coast.

Answer:

2

Explanation:

you're capable of reaching more people with a website

Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

A familial status discrimination is known to occurs when the landlord, manager  or property owner treats someone very differently.

The other options clearly discriminate the familial status.

Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

Therefore, the Option is correct.

Missing options "Couples only Empty nesters No bicycles allowed Senior discount"

Read more about Discount

brainly.com/question/912869

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

Answer:

Usually slopes downwards

Explanation:

in a negative association

Answer:

Banks collect savings from households and businesses (savers) and use these funds to make loans to those who want to borrow (borrowers).

Banks assemble savings from individuals and companies (savers) and utilize these resources to provide loans to borrowers.

Financial institutions known as banks offer a variety of services pertaining to lending, managing finances, and conducting financial transactions. By enabling the movement of money and providing a range of financial goods and services, they contribute significantly to the economy resources . Banks perform the following important tasks and offer the following services:

Deposits: Banks welcome contributions from private citizens, companies, and other nonprofits. These deposits might be in the form of savings accounts, checking accounts, certificates of deposit (CDs), and other kinds of accounts. Government-backed schemes that guarantee deposits often exist to safeguard the money of clients.

Learn more about Banks, from :

brainly.com/question/29433277

#SPJ6

Answer:

(c) Organising

Explanation:

Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.

The main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.

Organizing can be defined as a strategic process in which resources are assembled and human efforts are coordinated and then integrated into a unitary system so as to achieve organizational goals and specified objectives.

Generally, organising helps to create order in an organization by eliminating chaos, and work conflicts. Also, it enhances job specialization and responsibility sharing by creating an environment that is suitable for teamwork.

Thus, the function of management being carried out by Uma is organizing because he made two people coordinators to take care of activities related to registration and refreshment.

The consumer can derive a maximum total utility by consuming 3 units of product 'I', and 2 units of product 'M' in the given income of the consumer, which is $22.

The total amount of satisfaction gained through consumption of the  available products in the market by utilizing the total disposable income, is known as the total utility.

Hence, the significance of total utility to be derived by the consumer is given above.

Learn more about total utility here:

https://brainly.com/question/14149928

#SPJ1

Answer:

Its C

Explanation:

Answer:

C

Explanation:

ifunny is dankreloaded

Answer:

Customer service sets great businesses apart from the rest. Customers are the reason that businesses exist. Keeping those customers happy means being responsive to their needs and wants. A good customer service experience can turn a one-time customer into a lifelong repeat customer. People like to share their good experiences. Excellent customer service can turn into positive word of mouth.