Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .
Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.
Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .
Something is considered a business primarily based on:
Something is considered a business primarily based on:
The functions the organization performs
The size of the office and/or staff
Having a hierarchical leadership structure
The amount of profit it generates
Question at position 2
2
1 point
Question at position 2
A business is a registered company that exchanges goods or services for money
A business is a registered company that exchanges goods or services for money
True
False
Question at position 3
3
1 point
Question at position 3
The finance team is not responsible for the overall strategy and direction of the company money.
The finance team is not responsible for the overall strategy and direction of the company money.
True
False
Question at position 4
4
1 point
Question at position 4
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
You’ve just found out that your business has gone hugely over budge, spending the annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget already even though it’s only October. Which team member(s) would you need to call in to your office for a serious conversation about whether or not the established annual budget was appropriate?
Marketing
Finance
Accounting
Sales
Question at position 5
5
1 point
Question at position 5
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
There’s a major expo event coming up where your competitors will be buying booths to show off their products. Your ____ department proposes that one of their members goes to the expo and works at the booth; the exact costs for travel, renting booth space, etc., will be reported to ____.
marketing; accounting
human resources; finances
management; human resources
finance; accounting
When two or more parties exchange products and services without using cash, this is known as bartering. Thus, the option is false.
What are the features of barter system?A barter is a transaction in which two or more parties exchange products or services without exchanging cash or other forms of payment like credit cards.
A straightforward idea underlies bartering: Two parties bargain to assess the relative worth of their goods and services, then offer them to one another in an equal trade. It predates the creation of actual hard cash and is the world's oldest form of trade.
Because they lack the funds or credit to purchase those items, businesses may desire to trade their goods for other goods. In its simplest form, bartering entails the exchange of one party's good or service for another party's good or service.
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Reasons why we need government, even in a market economy, include?
In a market economy, government plays a critical role in ensuring equitable and fair outcomes for all citizens.
Government provides essential services like infrastructure, healthcare, education, and public safety, which are all necessary for a healthy and thriving economy.
Additionally, government helps to protect vulnerable citizens from exploitation, to protect the environment, and to promote economic growth through taxation and public spending. By creating regulations and guidelines for businesses and individuals, government ensures that the market economy remains fair and equitable for all.
In short, government is necessary for a well-functioning market economy.
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What are the 4 types of interaction?.
The four primary types of interaction are competition and predation, parasitism, mutualism, and commensalism.
Competition and Predation:
Predation is the term for when an animal chases another one to meet its nutritional needs. An organism that hunts its prey is a predator.
Commensalism:
One entity benefits while the other neither suffers nor gains from the imbalanced sort of contact. There are four different kinds of commensal relationships.
Parasitism:
One entity gains from other entities and suffers harm, but not always death. The host is the entity that suffers, whereas the parasite benefits. This form of behavior is known as parasitoidism when the host is dead.
Mutualism:
The relationship benefits both species involved. Three patterns can be seen in these interactions:
Under favorable conditions, species can exist on their own.Obligate mutualism: One species depends on the other to survive Diffusive mutualism: One entity can coexist with a variety of partnersFor such more question on interactions:
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is tipping getting out of control? many consumers say yes
Yes according to many consumer the tipping is getting out of control
Across the country, there is a silent frustration brewing about an old practice that many say is getting out of hand which is tipping. As more businesses adopt digital payment methods, customers are automatically being prompted to leave a gratuity and many times as high as 30% and some say it has become more frustrating as the price of items has increased due to inflation. Dylan Schenker is 38 years old who earns about $400 a month in tips, which provides a helpful supplement to his $15 hourly wage. Most of those tips come from consumers who order coffee drinks or interact with for other things, such as carryout orders. The gratuity helps cover his monthly rent and eases some of his burdens while he attends graduate school and juggles his job.
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what group of individuals establishes the policies that govern fbla-pbl?
Board of directors group of individuals establishes the policies that govern fbla-pbl.
The highest governing body of a corporation or publicly listed company's management structure is the board of directors. The board's responsibilities include choosing, assessing, and approving the chief executive officer's (CEO) compensation, determining whether to pay dividends, recommending stock splits, supervising share repurchases, approving the company's financial statements, and recommending or rejecting merger and acquisition opportunities, among other things.
Individual men and women who are elected by the company's shareholders for tenure lasting several years make up boards. As a result of the rotational systems used by many businesses, only a small portion of the directors are up for election each year.
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How do you answer the 3 economic questions in a command economy?.
In a command economy, what goods and services are produced, how they are produced, and for whom they are produced are all questions answered by government planning. The government makes economic decisions for the good of society.
What is economic questionThe three basic economic questions are what to produce, how to produce it and for whom to produce it.
The economic system is all the procedures used in coordinating people's behavior including producers, consumers, government, banks and others in carrying out economic activities in terms of production, consumption, distribution or investment in an integrated manner to form a unified whole, orderly and dynamic so as to avoid chaos in economics. In a country the existence of an economic system is very important because it functions as a driving force for the production system.
In addition, the economic system also functions to create a mechanism so that the process of distribution of goods and services runs well. In other words, without a good economic system, economic growth can also be well maintained.
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Jim uually ail hi boat 20 mile from the boat launch to Kington. Today he i driving the 16 mile from the boat launch to the marina. How far will he ail acro the lake to Kington from the marina?
Jim will need to sail an additional 4 miles from the marina to Kingston. This is because it is a total of 20 miles from the boat launch to Kingston and he has already driven 16 miles from the boat launch to the marina, leaving 4 miles remaining to reach his destination.
This is assuming that the marina is located midway between the boat launch and Kingston, which is usually the case. In this case, Jim will need to sail 4 miles from the marina to reach Kingston. Sailing the lake is usually a pleasant experience, but it is important to not forget about safety.
Before setting sail, Jim should make sure to check the wind and weather conditions, as well as the lake's depth and any potential obstacles or debris that may be in the way.
Additionally, he should also make sure he has a reliable navigation system, such as a chart or GPS, to help him find his way. Taking these steps will help ensure that his trip to Kingston is a safe and enjoyable one.
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Which two additional marketing Ps help retailers deliver the best retail experience?
presentation and personnel
Presentation and personnel help retailers deliver the best retail experience.
A presentation is a method of communicating information from a speaker to an audience. Presentations are usually demos, introductions, lectures, or speeches intended to enlighten, convince, inspire, motivate, develop goodwill, or introduce a new idea/product.
Preparation, organization, event planning, writing, usage of visual aids, dealing with stress, and addressing questions are all typical requirements for presentations.
"The important aspects of a presentation are the presenter, the audience, the message, the reaction, and the method for effectively delivering speech for organizational success."
Presentations are commonly utilized in tertiary job contexts, such as accountants providing a detailed report on a company's finances or entrepreneurs presenting their enterprise idea to investors. The term can also refer to a formal or ritualized introduction or offering, such as a debutante's presentation.
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What is the best economy in the world?.
The best economy in the world is the United States of America (USA) with a GDP of 23.32 trillion dollars.
There are two main sources that are attributed to economic growth: 1- growth in the size of the workforce and 2 - growth in the productivity, i.e. output per hour worked, of that workforce. Either of these two sources can increase the overall size of the economy. But only strong productivity growth can result in an increase in per capita GDP and income.
In the context of the world's best economy, the USA is this. With a GDP of 23.32 trillion dollars, the US is by far the world's largest and the best economy in this ranking for 2021. USA's economy is followed by China in the second number with a GDP of 17.73 trillion dollars.
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when an economist uses objective analysis to find out how things ought to be done, this is
When an economist uses objective analysis to find out how things ought to be done, this is normative economics.
Normative economics is the branch of economics that uses objective analysis to determine how best to achieve desired outcomes.
It is based on the idea that economic decisions should be made based on what is considered to be "right" or "desirable" as opposed to what is most profitable.
Normative economics takes into account the ethical and social implications of an economic decision and considers how it will affect people and society as a whole.
By looking at the broader picture, normative economics can help policymakers and economists make decisions that are beneficial for everyone.
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what is a challenge faced by companies entering the global market?
The presence of existing competition is generally sought as a challenge faced by companies entering into the global markets.
The global markets are always sought as the toughest entrance for a new business or a new company. This is because the company has to operate in such markets with an intention of disrupting the market share through entry-level products, and establish a strong position. However, the locally existing competitors are the biggest threat for every new company while entering the global markets.
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What two factors helped the United States industrialize rapidly ?
In the late 1800s, the availability of abundant natural resources (coal, iron, and oil), a plentiful labor supply, railroads, labor-saving technology advancements (new patents), and pro-business government policies were the five main drivers of industrial growth.
Numerous factors in the late 1800s fueled the expansion of industrialization in the US. Steam engines, railroads, and telegraphs were examples of new technology that helped with communication and transportation. Thanks to the ease with which resources could be obtained and transported throughout the country, many local businesses went on to become large, national corporations. These businesses were able to produce things in great quantities thanks to workplace advances like the assembly-line style of manufacturing.
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How many nickels make 30 cents?.
A nickel coin is equal to 5 cents. To make 30 cents, we need 6 nickels.
The nickel is the five-cent coin of the United States. Thomas Jefferson, our third president, is depicted on the obverse (heads) of the nickel. Although the current portrait is from 2006, he has been on the cent since 1938.
The United States Mint added a new portrait of Jefferson to the front of the nickel in 2005 to give the currency a more modern appearance. Joe Fitzgerald created the image. The Mint had designed two possible reverse sides of the coin, each with a distinct motif based on "a Westward Journey." One design portrayed the American bison, while the other depicted the Pacific Ocean, the expedition's ultimate aim.
A nickel = 5 cents.
It means that:
2 nickels = 2 x 5 cents = 10 cents
3 nickels = 3 x 5 cents = 15 cents
Therefore, to get 30 cents, we need: 30/5 = 6 nickels.
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Write a muical expreion with at leat three operation that ha the ame value a (12-9) x 43 jutify your anwer
The required numerical expression with at least three operations that yield the same value as (12-9) x 43 is (23 - 20) x (40 + 3).
First, determine the solution for the given expression:
= (12-9) x 43
= 3 x 43
= 129
The given expression gives result 129.
Now write a numerical expression that provides the same value as the expression (12-9) x 43 produces.
For instance,
= (23 - 20) x (40 + 3)
Now solve it to check to see if it gives 129.
= (23 - 20) x (40 + 3)
= 3 x 43
= 129
Therefore, (23 -20) x (40 + 3) is the required numerical expression.
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What happens when you overdraft?.
Answer:
If your balance goes into overdraft, the funds are transferred automatically to your checking account to cover the difference. In other cases, the bank won't return the transaction and process it, which means you'll be charged fees until you deposit money to cover the difference.
Which is the first central bank in the world Mcq?
Answer:
In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank.
Hope This Helps You if it Doesn't Sorry And Have a Nice Day. : )
A new restaurant offers a 14% discount off a customer’s total bill to the first 500 customers to eat at the restaurant. if the first customer’s total bill is $38.50, how much does the customer owe after the restaurant applies the discount, in dollars and cents?
The first customer owes $33.11 after the restaurant applies the 14% discount.
To calculate the amount the customer owes after the discount, we need to first calculate the amount of the discount. We can do this by multiplying the original total bill by the discount rate, which is 14%.
$38.50 x 14/100 = $5.39
This means the discount for the customer is $5.39
Next, we subtract the discount from the original total bill to find the new total.
$38.50 - $5.39 = $33.11
So the customer owes $33.11 after the restaurant applies the 14% discount.
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A firm can begin to implement the marketing mix immediately after which of the following steps?
A firm can begin to implement the marketing mix immediately after the firm has implemented segmentation, targeting, and positioning their products.
The marketing mix is the set of actions, or tactics, that a firm use to market its brand or product.
The STP model is important when developing marketing communications plans because it assists marketers in prioritizing propositions and then developing and delivering individualized and relevant messages to engage with various audiences. Market segmentation, market targeting, and product positioning are the three steps in the funnel.
You want to identify a basis for segmenting your target clients and determine significant criteria to separate each market segment during your research-based market segmentation phase.
Your question is incomplete, most likely it was:
A firm can begin to implement the marketing mix immediately after which of the following steps?
manufacturing
segmentation
targeting
positioning
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In what ways does scarcity affect both consumers and producers?.
Scarcity affects producers because they have to make a choice on how to best use their limited resources. It affects consumers because they have to make a choice on what services or goods to choose.
What is scarcityIn simple terms, the notion of scarcity can be interpreted as limited resources, resulting in human needs being not fulfilled. When we need something, we cannot find what we need, this is also known as scarcity. Broadly speaking, economic scarcity can be interpreted as, one of the most basic economic problems we face every day, it is widely used in business to denote the gap between supply and demand.
During this pandemic, there were many shortages in many sectors. This is due to the spread of the corona covid-19 virus happening very quickly throughout this earth. People are advised to keep their distance, not to crowds, to wear masks, to wash their hands after handling something with soap and running water.
In order to break the chain of the spread of the virus, governments around the world have issued regulations so that people work from home. However, in practice, not all activities that can support economic activity can be carried out from home. So many industrial sectors experience congestion or are out of business. The many industries that closed caused scarcity in various fields of resources.
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Izzy Corporation reported the following in its 2016 financial statements (in millions): (in millions) Total assets Revenues Research and development expense Net income December 31, Year 2 $96,328 $50,479 $12,740 $8,769 December 31, Year 1 $86,240 $47,052 $12,128 $9,707 What is the common-size amount for Izzy Corporation's research and development expense for Year 2
25.2% is the common size amount for Izzy Corporation's research and development expense for Year 2.
Financial managers use common size analysis, also known as vertical analysis, as a tool to examine financial statements. Each line item is expressed as a percentage of the base amount for that period to evaluate financial statements.
When common size analysis is being performed, the base for all expense items would be sales.
Research and development is an expense, so for a common size analysis of this account, the base would be sales.
For year 2:
Sales =$50,479
Research and development expense = $12,740
common size amount= Research and development/ Sales × 100
( 12,740/50,479) × 100 = 25.2%
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Does maine require lottery winners to be identified?
Maine require lottery winners to be identified and anonymous are not acceptable. There are only 11 states where you are allowed to remain anonymous following a big lotto, and from 11 states, Maine are excluded.
In economics, A lottery generally can be defined as a form of gambling that involves the drawing of numbers at random for a prize. There are several rules about lottery in several countries. Some of governments in county are accept the lottery activities, in the other hand, there are also some governments that not allow any activities of lottery. There are 11 countries that accept lottery as anonymous, such as Kansas, Maryland, New Jersey, North Dakota, Arizona, Delaware, Georgia, Ohio, South Carolina, Virginia, and Texas.
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Why is creative thinking important to generate business ideas?
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!
the cost constraint suggests that, even when the cost of providing accounting information exceeds its benefit, the financial accounting information should always be provided. t or f
(T/F) According to the cost restriction, the financial accounting information should still be available even if it comes at a higher cost than it benefits.
Which definition of "information" is the most accurate?
A fact or incident about which knowledge has been shared or received; breaking news: information about a crime. His wealth of general knowledge is astonishing. knowledge acquired by study, communication, research, training, etc.
Avoiding research overlap is made easier by information. Users, especially researchers, are stimulated by information to think more deeply. Information aids scientists, engineers, academics, and other professionals in staying updated about recent developments in their fields.
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What are the factors of production or the resources of production?.
Land
Labour
Capital
Entrepreneurship
why is self-representation important in the corporate world?
The correct answer is A. It determines the kind of interaction you have with your coworkers.
What is self-representation?Self-representation is the word used to describe people's conceptions, ideas, and beliefs about themselves and how these ideas, beliefs, and conceptions affect the way they present themselves to others.Additionally, one's self-perception affects attitudes, behaviors, and interactions with others. For instance, if you think of yourself as superior to others, you probably have arrogance, which will negatively affect your dealings with others. This is especially important in the business environment because it may have an impact on relationships with colleagues. This states that self-representation is crucial because "it controls the interactions you have with your coworkers." A is the right response. Your interactions with coworkers are influenced by it.The complete question is,
Why is self-representation important in the corporate world?
a. It determines the kind of interaction you have with your coworkers.
b. It determines the percentage of salary increases during appraisals.
c. It shows that you are an honest person with strong work ethics.
d. It shows your self-management abilities.
e. It helps you avoid conflicts
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How does unemployment affect the overall growth of an economy?.
Unemployment affects the overall growth of an economy as (i) it is a wastage of manpower resource. (ii) it increases the economic overload. (iii) it tends to increase the number of dependent population.
According to the OECD (Organization for Economic Co-operation and Development), unemployment is defined as people over a certain age who are currently unemployed or self-employed but are still eligible to work during the period of participation.
The number of unemployed people compared to the labor force is used to calculate the unemployment rate, which is used to calculate the unemployment rate. For example, a country can influence the unemployment rate and the state of the economy through its fiscal policies. In addition, the central bank of a country or other monetary authority can influence the cost and availability of money by applying monetary policy.
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the economizing problem is one of deciding how to make the best use of
The economizing problem is essentially one of deciding how to make thee best use of limited resources to satisfy unlimited human wants.
Which is the best option given the economic situation?
The difficulty in making decisions that results from resource scarcity is typically referred to as an economic dilemma.
People have limitless wants, but there are only so many ways to fulfill them. With limited resources, it is therefore challenging to provide all of human demands.
What is an illustration of the problem with economies?
The distribution of income between consumption and savings expenditures and the distribution of consumption expenditures among alternative available goods and services are a few instances of the economizing issues that will be covered in later chapters. The Problem with Saving The Need for Decision.
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What comparison can be made between command economies and market economies?.
The comparison can be made between command economies and market economies in which the government is owned the factors of production.
The command economy is also called as the planned economy, in this economy is one in which the central government plans, organizes, and controls all economic activities to maximize social welfare.
The comparison can be made between command economies and market economies in which government is owned production factors and set the cost and production schedules. On the other hand, in the market economy, prices of the products are set by the supply and demand or the organization according to the inflation rate.
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Which of the following jobs would only require on-the-job training?
The following jobs would only require on-the-job training
A. computer programmer:
Computer programmer job description featuring job openings, training courses, desirable skills and certifications, and education requirements.
B. fashion designer :
For instance, you can consider a bachelor's degree with a major in visual art, fashion design, or fashion merchandising. A visual art program can help you master color theory and design elements, while a fashion design degree teaches you how to work with fabrics and develop clothing and accessory prototypes.
C. customer service agent:
customer service agent. Although arguably, no human profession, skill, or job, is a simple matter of execution, some are fitter to be learned while being executed. One of these is customer service.
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An advantage of using a debit card is that:
a. you can buy now and pay later.
b. it is convenient to carry and use.
c. you never have to pay more than $50 for unauthorized use.
d. you can make purchases, whether or not you have money in the account.
One advantage of using debit card is that it is convenient to carry around and use as it takes up very less space and can be used to make transactions.
The correct answer is option a.
A debit card is typically provided when you create a checking account at a bank or credit union. Using a debit card eliminates the need to write a check when using funds from your checking account. With a debit card, your bank account is automatically debited when you make a purchase.
A debit card, commonly referred to as a check card or bank card, is a type of payment card that can be used to make transactions in place of cash.
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