Extensions to existing product lines are the least common type of new product innovation. The correct option is C.
Why new product innovation?Product innovation aids businesses in remaining competitive in their markets and sustaining long-term growth and development. It is believed that an organization's capacity for innovation is crucial to its long-term viability. When developing new products, businesses must push themselves creatively and beyond of their comfort zones.
New to the world and new product lines are more common types of innovation since they involve creating entirely new products or product categories that meet unmet needs or improve on existing products. Cost reductions are also a common type of innovation, as they involve finding ways to produce products more efficiently and cost-effectively. In contrast, extensions to existing product lines involve adding new features or variations to an existing product category, which may not always meet significant unmet needs or generate significant customer demand.
Thus, the ideal selection is option C.
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Which of these outcomes become more likely for someone with strong personal finance skills? Check all that apply.
A person can avoid opportunity cost.
A person can be more prepared to meet basic needs.
A person can avoid financial decision-making.
A person can spend money thoughtfully to accumulate assets.
A person can spend wisely to avoid financial problems
A person can be more prepared to meet basic needs.
A person can spend money thoughtfully to accumulate assets.
A person can spend wisely to avoid financial problems.
B, D & E are the correct Answers on e2020
Individuals with strong personal finance skills are likely more prepared to meet basic needs, can spend money thoughtfully to accumulate assets, and can spend wisely to avoid financial problems.
Explanation:The question asks which outcomes become more likely for someone with strong personal finance skills. For such an individual, several positive outcomes are likely:
A person can be more prepared to meet basic needs.A person can spend money thoughtfully to accumulate assets.A person can spend wisely to avoid financial problems.It is important to note that while personal finance skills can enhance one's ability to make informed decisions and may lead to better financial outcomes, they do not eliminate the concept of opportunity cost. Opportunity cost is inherent in all decision-making processes, as choosing one option inevitably means forgoing another. Also, personal finance skills will certainly not help a person to avoid financial decision-making; in fact, they are intended to improve the quality of those decisions.
An ethical persuasive argument select one:
a. is a contradiction in terms.
b. includes any evidence the sender can come up with, whether or not it's relevant.
c. focuses on being both truthful and nondeceptive.
d. focuses on how the audience's actions will benefit the sender.
Ethical persuasion is defined as a person’s internal capability to understand others, care for them, respect, understand and be fair by hearing their viewpoints at the same time sharing his. It is an exchange 0f each others’ viewpoints to create resolutions. Therefore, an ethical persuasive argument is not a contradiction in terms, does not include evidence the sender can come up with, whether or not it's relevant, does not focus on how the audience’s action will benefit the sender but it focuses on being both truthful and nondeceptive.
True or false: the government can raise its tax revenue by decreasing the per-unit tax on vodka.
Answer:
False
Explanation:
The government won´t raise its tax revenue by lowerinf the per-unit tax in vodka because it would be getting less money for each vodka bottle sold, unless the government is able to raise another taxes or create new ones, it wouldn´t be abe to increase the tax revenue. So the sentence is False.
The government can raise its tax revenue by decreasing the per-unit tax on vodka if the decrease in tax rate leads to a sufficient increase in vodka sales volume to offset the lower per-unit revenue. This concept relates to the Laffer Curve, suggesting there is an optimal tax rate that maximizes revenue.
Explanation:The statement that the government can raise its tax revenue by decreasing the per-unit tax on vodka can be true or false, depending on the context. This concept is related to the Laffer Curve, an economic theory proposed by economist Arthur Laffer. The Laffer Curve illustrates the relationship between tax rates and tax revenue, suggesting that there is an optimum tax rate that maximizes revenue without deterring economic activity.
When tax rates on vodka are high, consumers may decrease their consumption or turn to substitutes, leading to lower overall tax revenue. If the government lowers the tax, the price of vodka decreases, potentially increasing the quantity sold and consumed. If the increase in sales volume compensates for the lower per-unit tax, overall tax revenue could increase.
The impact on tax revenue by lowering taxes on goods like alcohol, such as vodka, also depends on the price elasticity of demand for that good. If demand is elastic, a lower tax could lead to a sufficient increase in consumption to offset the revenue lost per unit, thus raising the total tax revenue. Conversely, if demand is inelastic, a decrease in the tax rate might not lead to a significant change in consumption, and thus, may not increase revenue.
The hospital administrator is interested in sending reminder letters to the oldest 15% of accounts. how many days oold should an account be before a letter is sent?
The hospital administrator needs to find the 85th percentile of account ages. Letters need to be sent to accounts that are as old or older than the account age at the 85th percentile.
Explanation:The question revolves around the concept of percentiles, which are measures used in statistics to understand the relative standing of a value within a data set. If the hospital administrator wants to send letters to the oldest 15% of accounts, then he/she is interested in finding the 85th percentile of account ages because everything above that value makes up the oldest 15% of accounts. In order to find this value, the accounts would need to be sorted from youngest to oldest. The account at the position that marks 85% of the way through this sorted list would be the cut-off. Therefore, an account needs to be as many days old as the age of the account at this 85th percentile position before a letter should be sent.
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Wilbert's clothing stores just paid a $1.50 annual dividend. the company has a policy whereby the dividend increases by 2.5% annually. you would like to purchase 100 shares of stock in this firm but realize that you will not have the funds to do so for another three years. if you desire a 15% rate of return
Trash collection, also known as ____, is an evening pastime for those who enjoy perusing anything and everything thrown out by system users
The answer in the space provided is dumpster diving. This is a practice of which a person or group of people tend to look for items that may be usable in which other people have thrown them out as they don’t think that it means or holds any use for them.
While recruiting the sales force, sales managers prefer salespeople who:?
Sales managers prefer salespeople who possess key personality traits such as a positive attitude, being a team player, adaptability, reliability, and being hardworking. They want candidates who can contribute positively to their team and adapt to the dynamic nature of the sales industry.
Explanation:Sales managers prefer salespeople who possess certain key personality traits in addition to the skills and experience needed for the job. Some of these traits include:
For example, if a sales manager is recruiting for a cosmetics company, they might prefer candidates who have a genuine interest in beauty products, are knowledgeable about current trends, and have excellent communication and persuasion skills. On the other hand, if a sales manager is recruiting for a summer camp for chronically ill children, they might prioritize candidates who are compassionate, patient, and understanding.
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In a matrix organization, each employee reports to a functional and a(n) __________ manager.
In a matrix organization, each employee reports to both a functional and a project or product manager, blending expertise with responsive project management. This structure can lead to conflicts but also offers flexibility and comprehensive oversight.
In a matrix organization, each employee reports to both a functional manager and a project or product manager. An example of this can be seen in a software development company where business analysts, developers, and testers report to their respective functional department managers for day-to-day operations and to a project manager who provides direction related to specific projects or products they are working on. By doing so, matrix organizations attempt to balance the depth of knowledge that comes from functional structures with the responsiveness and flexibility of project-based structures.
Despite its intended benefits, the matrix structure can create challenges such as conflicts due to the violation of the unity of command principle, leading to potential power struggles among managers and role conflicts for employees. Therefore, it requires effective communication and coordination skills to manage the inherent complexity of this organizational design.
Ron shaich is describing how he and his team evaluated their different businesses and sold off some of them. according to the bcg matrix, which portfolio category should be analyzed for possible sale?
Answer:
The dogs is the correct answer.
Explanation:
The name of the BCG Matrix comes from Boston Consulting Group, which created this framework to evaluate the strategic position of the business brand portfolio and how it may grow or not. This framework also classifies business portfolio into four categories: dogs, cash cows, stars, and question marks. Dogs are low-growth, weak-competitive-position business that won't help the company.
The contestable market model has important policy implications. if there is concern that a market is not sufficiently competitive, what can policymakers do to increase competition in a given industry? check all that apply.
Smoltz company had $375,000 of current assets and $135,000 of current liabilities before borrowing $90,000 from the bank with a 3 month note payable. what effect did the borrowing transaction have on the amount of smoltz company's working capital?
___________ business intelligence is used to bring meaningful, performance-related information to all employees.
You have been entered in a free game where you try to guess the roll of a six-sided die. you will win $50.00 if you guess right. what is your expected payoff value? round to the nearest cent.
What does the purchaser of a product obtain besides the good service or idea itself?
A buyer of a manufactured good not only obtains the good itself, amenity, or awareness, but also receives good after-sales services that aid in handling and increasing products efficiently. Providing this kind of services are important to the capability of the business to uphold fruitful relations as well as marketing mixes by creating continuous growth in products and over market research. Providing excellence after-sale deal encourages the goodwill of the business. This competence lets customers not to use money for maintenances for 1 or 2 years of warranty period.
Answer:
1 or 2years
Explanation:
Q 7.5: a small business owner has two employees but each employee has a separate cash register drawer. this situation can be viewed as
Availability or having a product in stock is a primary distribution concern for convenience products
a. True
b. False
What is the discount yield, bond equivalent yield, and effective annual return on a $1 million treasury bill that currently sells at 93.375 percent of its face value and is 65 days from maturity?
Discount yield :
IT – bill, dry = (($ 1 million - $ 973,750) / $ 1 million) (360 / 65) = 14.538%
Bond equivalent yield : IT – bill, bey = (($ 1 million - $ 973,750) / $973,750) (365 / 65) = 15.138%
EAR:
EAR = (1 + 0.15138 / (365 / 65)) 365 / 65 – 1 = 16.111%
what benefits customers derive from mobile phone
Karen and mike currently insure their cars with separate companies, paying $700 and $900 a year. if they insured both cars with the same company, they would save 10 percent on the annual premiums. what would be the future value of the annual savings over 10 years based on an annual interest rate of 4 percent? use exhibit 1-b. (round time value factor to 3 decimal places and final answer to 2 decimal places.) future value $
The future value of Karen and Mike's annual savings by insuring both cars with the same company would be $236.80 after 10 years, considering an annual interest rate of 4 percent and assuming a future value interest factor of 1.480.
The question asks for the future value of annual savings that Karen and Mike would realize if they insured both cars with the same company, thus saving 10 percent on their premiums. The future value is calculated over a period of 10 years with an annual interest rate of 4 percent.
First, to calculate the annual savings, we take 10 percent of the total current premiums paid by Karen and Mike:
Annual Savings = 0.10 * ($700 + $900) = $160
Next, to find the future value of these savings over 10 years at an annual interest rate of 4 percent, we use the future value interest factor (FVIF). The formula for FVIF is (1 + r)^n, where r is the interest rate and n is the number of periods (years in this case).
Using a future value interest factor table (exhibit 1-b assumed as reference) or a financial calculator, we calculate the factor for 4 percent over 10 years. Let's assume the factor is 1.480. The future value (FV) of the annual savings is then:
Future Value= Annual Savings * FVIF = $160 * 1.480
So the future value of the annual savings would be:
Future Value = $236.80
This amount is the value of the savings after 10 years, compounded annually at a 4 percent interest rate.
The producer is spending as little as possible per item produced. what word describes that kind of cost management?
Why do you think government constitute one of the major employers in the U.S. economy ?
The government constitutes one of the major employers in the U.S. economy because it provides various essential services, manages public resources, implements policies, and supports public welfare programs. These roles necessitate a large workforce to function effectively.
The government plays a significant role in the U.S. economy by providing vital services such as healthcare, education, defense, and public safety. It requires a substantial number of employees to manage and deliver these services effectively.
Public sector jobs are essential for implementing policies and regulations that ensure the country's smooth functioning. These jobs span federal, state, and local levels, each requiring specialized skills and expertise.
The government also supports public welfare programs like Social Security, Medicaid, and unemployment benefits, which demand a sizeable workforce for administration and service delivery. As such, the government becomes a major employer to meet these extensive needs.
Furthermore, employment in government roles promotes economic stability by ensuring consistent job availability, especially in times of economic downturns, thereby reinforcing overall economic resilience.
Because consumers associate a drug's price with potency, some pharmaceutical companies use the _____ strategy to price their over-the-counter drugs.
Cindy wants to open a retail store in the mall where she can sell a few carefully selected lines of women's clothing. if cindy opens her shop, what kind of store would it be considered?
When fermentation units are operated with high aeration rates?
Tim's performance pizza is a small restaurant in philadelphia that sells gluten-free pizzas. tim's very tiny kitchen has barely enough room for the three ovens in which his workers bake the pizzas. tim signed a lease obligating him to pay the rent for the three ovens for the next year. because of this, and because tim's kitchen cannot fit more than three ovens, tim cannot change the number of ovens he uses in his production of pizzas in the short run.
In the short run, workers are considered variable inputs while the ovens are fixed inputs. The law of diminishing marginal product of labor is demonstrated in this scenario. Total output increases at a decreasing rate as you increase the quantity of labor.
In the short run, the workers are considered variable inputs because Tim can change the number of workers he uses from week to week.
The ovens, on the other hand, are fixed inputs because Tim cannot change the number of ovens he uses in the short run due to the limited space in his kitchen.
The law of diminishing marginal product of labor is demonstrated in this scenario.
As Tim increases the number of workers, the marginal product of labor (the additional output produced by each additional worker) decreases.
This is because the kitchen space becomes more crowded and the workers start to get in each other's way.
Therefore, the correct answer is: Total output increases at a decreasing rate as you increase the quantity of labor.
Question:
2. Inputs and outputs
Tim's Performance Pizza is a small restaurant in Chicago that sells gluten-free pizzas. Tim's very tiny kitchen has barely enough room for the two ovens in which his workers bake the pizzas. Tim signed a lease obligating him to pay the rent for the two ovens for the next year. Because of this, and because Tim's kitchen cannot fit more than two ovens, Tim cannot change the number of ovens he uses in his production of pizzas in the short run.
However, Tim's decision regarding how many workers to use can vary from week to week because his workers tend to be students. Each Monday, Tim lets them know how many workers he needs for each day of the week. In the short run, these workers are ______ inputs, and the ovens are ______ inputs.
Tim's daily production schedule is presented in the following table.
Fill in the blanks to complete the Marginal Product of Labor column for each worker.
Labor
Output
Marginal Product of Labor
(Number of workers)
(Pizzas)
(Pizzas)
0 0
1 100
2 180
3 240
4 280
5 300
1. On the following graph, plot Tim's production function using the green points (triangle symbol).
Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.
Hint: Be sure to plot the first point at (0, 0).
Production Function0123453002702402101801501209060300QUANTITY OF OUTPUT (Pizzas)LABOR (Number of workers)
2. Suppose that labor is Tim's only variable cost and that he has a fixed cost of $50 per day and pays each of his workers $40 per day.
Use the orange points (square symbol) to plot Tim's total cost curve on the following graph using the quantities from the preceding table.
Total Cost03060901201501802102402703003002702402101801501209060300TOTAL COST (Dollars)QUANTITY OF OUTPUT (Pizzas)
3. The law of diminishing marginal product of labor is demonstrated by which of the following?
Total output increases at a decreasing rate as you increase the quantity of labor.
Total output increases only when you increase both labor and ovens.
Total output declines as you increase the quantity of labor.
The cost of the truck is $62,000 and the expected cash flows for the next 3 years due to savings from the new truck are $19,920, $22,800, and $31,280. the net present value (npv) of the truck is ____ if the company's required rate of return is 10%.
In particular, the author describes inefficient land allocation as a market failure because the market results in a quantity of land to be used for urban development that is
The line-balancing problem attempts to resolve the inconsistencies in the capacities at various stages in a product layout.
a. True
b. False
Plastics net, hospital network.com, textile web, and ebay business are all examples of
The correct answer is B2B (Business-to-Business) e-commerce.
Plastics Net, Hospital Network.com, Te-xtile Web, and eBa-y Business are all examples of B2B (Business-to-Business) marketplaces.
These online platforms facilitate transactions between businesses, providing a space for companies to buy and sell products and services to one another.
Each marketplace serves specific industries or needs, connecting suppliers with buyers in a streamlined and efficient manner.
Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold 9 cars, for a total of $8,870 dealer profit. how much did she earn in commission?
The commission that Joan would reap out of profits of $8,870 to the dealer would be $2,217.50.
What is the commission?
Commission is defined as the payment that is usually extended when the sales representative gains extra money as per the extra number of sales they make.
How the commission would be calculated?
The commission is given 25% on profits of $8,870 when 9 cars are sold.
Therefore, the commission would be computed as below:
[tex]8,870 * 0.25\\=2217.5[/tex]
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