Donald Trump, real estate and entertainment mogul, is an entrepreneur
True or False
When a firm like dunkin' donuts conducts marketing research, what should its first step be? search for secondary data develop a research budget conduct qualitative research design a short survey identify research objectives?
Final answer:
The first step in marketing research for a firm like Dunkin' Donuts is to identify research objectives. Subsequent steps involve drafting secondary research questions to support those objectives and designing surveys after initial research to gather primary data. Effective surveys are integral for accurate consumer insights but require careful question design.
Explanation:
When a firm like Dunkin' Donuts initiates marketing research, the first step should be to identify research objectives. This initial step is crucial as it guides the entire research process by clearly stating what the business wants to learn or solve through the research. Once the objectives are defined, the company can proceed to develop a research plan, which may include conducting qualitative research, searching for secondary data, and designing surveys.
Secondary research questions are developed to gather information needed to answer the primary question. For example, before Dunkin' Donuts can address the broader research question about consumer preference, it might need to gather data on current consumption patterns or the success of their prior marketing campaigns.
Surveys, being a form of primary research, are beneficial as they can provide specific insights into consumer behavior and preferences. However, to obtain accurate and reliable data, it is important to craft effective survey questions after a thorough initial research. Despite their value, surveys can have drawbacks, such as non-response bias or questions that don't accurately gauge the consumer's true preferences or behavior.
Suppose that while melissa was on the coast, she also spent two days sightseeing the national parks in the area. to do the sightseeing, she paid $1,000 for transportation, $800 for lodging, and $450 for meals during this part of her trip, which she considers personal in nature. what amount of the travel costs can melissa deduct as business expenses?
Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one can of soda, one bag of chips, and one comic book. in year one, the basket costs $10.00. in year two, the price of the same basket is $9.00. from year one to year two, there is
You need $77,000 in 12 years. if you can earn .44 percent per month, how much will you have to deposit today?
To have $77,000 in 12 years with a 0.44% monthly interest rate, you would need to deposit approximately $41,777.09 today. This is calculated using the present value formula for compound interest.
Explanation:To determine how much needs to be deposited today to have $77,000 in 12 years with a monthly interest rate of 0.44%, the present value formula for compound interest needs to be used.
The formula for the present value compounded monthly is:
PV = FV / (1 + r)n
Where:
PV = Present Value
FV = Future Value ($77,000)
r = monthly interest rate (0.44% or 0.0044)
n = total number of months (12 years x 12 months/year = 144 months)
Plugging the values into the formula:
PV = $77,000 / (1 + 0.0044)144
Now we calculate the present value:
PV = $77,000 / (1.0044)144
PV = $77,000 / (1.843417)
PV = $41,777.09 approximately
Therefore, you would need to deposit approximately $41,777.09 today to have $77,000 in 12 years at a monthly interest rate of 0.44%.
Compute the takt time for a system where the total time per shift is 410 minutes, there is one shift, and workers are given 3 14-minute breaks and 40 minutes for lunch. daily demand is 357 units.
All the employees at agyris fence, inc. were sad when mr. agyris, the founder of the company, died. the remaining agyris managers decided that the company needed new ideas, so they hired mr. solaris, the ceo of a rival fencing company, to run the firm
The scenario involves business management decisions, where a company hires a new leader from a rival firm to bring in fresh ideas after the death of their founder. This is a situation typical in the field of business.
Explanation:The situation described involves the leadership and management changes within a company, which categorizes this question as a business subject matter. Specifically, it deals with organizational behavior and executive management. When Agyris Fence, Inc. experienced the death of its founder, Mr. Agyris, the company faced a transitional period. The managers, seeking new ideas and direction, decided to appoint Mr. Solaris, previously the CEO of a rival company, as their new leader. This move likely aims at infusing new strategies, perspectives, and practices into Agyris Fence, Inc. to steer the company toward future success. Such strategic hiring is common in the business world as companies often look for experienced executives to energize their operations and encourage growth.
Jewell-rung was a canadian corporation that imported and sold men's clothing wholesale. haddad was a new york corporation that manufactured and sold mens clothing under the
Brite plating company has lost a number of valuable employees to competitors. it recently gave employees a substantial raise, but turnover remains high. this is a reflection that, according to herzberg's motivation-hygiene theory, money is considered to be a(n) _______ factor.
A potential employer informs helen that he would like her to provide references for him to contact. what information should helen include for each reference?
According to the discussion of the "color of money," blue money is
Final answer:
Blue money historically signifies wealth shown through the use of costly blue pigments, representing opulence and power, and is connected to aristocracy and noble status.
Explanation:
When discussing the "color of money," blue money refers to wealth that is displayed or signified by the use of expensive blue pigments. Historically, blue pigments like those derived from lapis lazuli were costly and indicated a considerable expense, often used as a status symbol to represent wealth, opulence, and power. This concept of blue as a color of significance is also mirrored in expressions like "blue blood," associated with aristocracy and nobility, due to their ability to afford such expensive hues in their clothing and artwork.
In modern contexts, the term "color of money" might refer to the broader symbolism of money in society, where color is used metaphorically to discuss different aspects of economy or the societal impacts of wealth and money. The color most commonly associated with money in this context is green, symbolizing the paper currency in many countries, including the United States.
If local shell gasoline stations look at bp stations' prices as the primary method of determining its own prices, shell is using ________
If Shell Gasoline uses BP stations' prices as a benchmark for determining its own, Shell is employing a pricing strategy known as competitive pricing. In this approach, prices are set based on a competitor's price rather than factors like production costs or market value. It's a common strategy in highly competitive industries like petrol.
Explanation:If local Shell Gasoline stations look at BP stations' prices as the primary method of determining its own prices, Shell is using competitive pricing. Competitive pricing is a strategy where a product's price is set based on the price of a competitor's product rather than production costs or market value. In this scenario, Shell Gasoline is clearly basing its price points on the existing prices of BP stations.
Let's take an example to better understand this. If BP sells gasoline at $3.00 a gallon, Shell may decide to price its gasoline at the same price or slightly lower, say $2.95 a gallon, to attract customers without creating a potential surplus. This strategy helps the company stay in line with market competition and makes it an attractive choice for consumers.
This strategy is a common practice in various industries, especially in those with high levels of competition, such as the petrol industry. Businesses keep a close eye on what their competitors are charging to ensure they're not pricing themselves out of the market.
Learn more about Competitive Pricing here:https://brainly.com/question/12230035
#SPJ12
Suppose that the projectile marble and target marble do not collide with their centers of mass
The query discusses two-dimensional collisions and projectile motion in Physics, highlighting that rotation can be complex in collisions but is disregarded in point masses, and emphasizing the conservation of momentum as a fundamental principle.
Explanation:The discussion provided captures key concepts central to understanding dynamics in Physics, specifically in the field of mechanics concerning collisions and projectile motion. In two-dimensional collisions, the potential for objects to rotate either before or after the collision introduces complexity; however, in some scenarios, such as with point masses or controlled experiments, rotation can be disregarded. A relevant physics principle is the conservation of momentum, which is especially evident when dealing with a collision where after impact, two carts stick together. This principle can be used to determine unknown masses given initial and final conditions, as exemplified by the student's experiment with two carts. Concerning projectile motion, it's important to recognize that, contrary to the incorrect statement provided, all objects in projectile motion fall at the same rate due to gravity when air resistance is negligible.
The estimated monthly sales of mona lisa paint-by-number sets is given by the formula q = 97e−3p2 + p, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) determine the price elasticity of demand e when the retail price is set at ¥400. e = interpret your answer. the demand is going by % per 1% increase in price at that price level. thus, a large price is advised. (b) at what price will revenue be a maximum? hundred yen (c) approximately how many paint-by-number sets will be sold per month at the price in part (b)? (round your answer to the nearest integer.) 17 paint-by-number sets per month
To determine the price elasticity of demand when the retail price is set at ¥400, we use the formula e = Δq/Δp * p/q. The maximum revenue is found by finding the critical points of the revenue function. To calculate the number of sets sold at the price that maximizes revenue, we substitute the price into the demand function.
Explanation:The price elasticity of demand can be calculated using the formula: e = Δq/Δp * p/q. To determine the price elasticity of demand when the retail price is set at ¥400, we substitute the values into the formula: e = Δq/Δp * p/q = 97e^(-3p^2 + p) = 97e^(-3(4)^2 + 4) = 97e^-28. The interpretation of the price elasticity of demand depends on its magnitude. Since it is not specified in the given information, we cannot determine whether a large price increase or decrease is advised.
The maximum revenue will occur when the derivative of the revenue function with respect to the price is equal to zero. Using the formula for the revenue function: R(p) = p * q, we substitute the demand function into the revenue function: R(p) = p * (97e^(-3p^2 + p)). We can find the maximum revenue by finding the critical points of this function.
To determine the number of paint-by-number sets sold per month at the price that maximizes revenue, we substitute the price into the demand function: q = 97e^(-3p^2 + p). Plugging in the price obtained from part (b), we can calculate the number of sets sold.
Learn more about Price elasticity of demand here:https://brainly.com/question/31452681
#SPJ12
The price elasticity of demand can be calculated by finding the derivative of the demand function and then using the elasticity formula. Revenue maximization occurs at a price where the derivative of the revenue function equals zero. The number of paint-by-number sets sold at this price is found by inserting the price into the demand equation.
Explanation:To determine the price elasticity of demand (e) when the retail price is set at ¥400, we first need to convert the price to hundreds of yen, meaning p=4. Next, we need to calculate the first derivative of the demand function, q = 97e^(-3p^2) + p with respect to p, and then evaluate this derivative at p=4. Once we have the derivative, we can use the formula for elasticity which is e = (p/q) * (dq/dp).
To find the revenue-maximizing price, we would need to find the derivative of the revenue function, R = p*q, with respect to p, and set this derivative to zero to find the critical point(s). This will give us the price at which the revenue is maximized. In practice, we would differentiate the quantity function q with respect to p, multiply by p and add q, and then set the resulting derivative equal to zero.
Finally, after finding the optimal price for maximum revenue, we would plug this price back into the original demand function to find the monthly sales volume.
The definition "'parlor' means a room for receiving visitors" is an example of:
a. an etymological definition.
b. a precising definition.
c. a theoretical definition.
d. a definition by subclass.
e. a definition by genus and difference.
Answer: An etymological definition
Hope this helps!
Appliance america customer complaints have increased because its drivers became lost when attempting deliveries and arrived late. the drivers have resisted using gps systems, claiming they knew their territories. but managers are now encouraging them to look for the best solution. appliance america is in the ________ stage of lewin's change model.
Why is organizational membership considered a form of social capital? what is the relationship between social capital and inequality?
Why should companies be careful to report cash and cash equivalents correctly?
You studied for an exam and received an "A." The "A" is an example of a _____ .
Non Monetary Incentive I believe!
One of the reasons items manufactured in southeast asia are imported into the united states less expensively is that workers are paid a small amount of money for each item produced. the manufacturers operating in southeast asia use what type of pay plan?
One change that seth mentions is the plantbottle. another is using grape juice instead of sugar to sweeten drinks. what is true about these changes?
The PlantBottle and the use of grape juice as a sweetener have impacts on sustainability and health.
Explanation:Sustainability and health are interconnected. Promoting sustainable practices in areas like food, transportation, and energy can enhance public and environmental health, mitigating issues like pollution and climate change. The changes mentioned, such as the PlantBottle and using grape juice instead of sugar to sweeten drinks, have impacts on sustainability and health.
PlantBottles are made from plastics derived from plants, reducing the reliance on fossil fuels and reducing carbon emissions. Grape juice as a sweetener is a healthier alternative to sugar, as it contains natural sugars and may have additional health benefits from antioxidants present in grapes. These changes contribute to sustainability efforts and offer healthier options for consumers.
Learn more about sustainability and health here:https://brainly.com/question/14428222
#SPJ12
Wesen corp. will pay a dividend of $4.00 next year. the company has stated that it will maintain a constant growth rate of 5 percent a year forever. if you want a return of 17 percent, how much will you pay for the stock?
If julio ruiz has an income of $30,000, pays $6,000 in rent, $1,200 in utilities, and $5,000 in taxes per year, is disposable income is
What type of targeting is strategy is boyle's strength & conditioning likely using?
A concentrated marketing strategy and is targeted to one specific market segment or audience. An examples is, a company might market a product specifically for teenage girls, or a retailer might market his business to residents in a specific town. It is also often geared for smaller groups of people, because they are designed to appeal to a specific segment.
A targeting strategy is a strategy used to make sure the marketing efforts are directed to the right potential customers. When a product or service is developed, the audience for which it was developed for is decided as well. Then, the marketing team focuses on how to direct their marketing items to reach that audience. When they reached their audience, they've succeeded in their target strategy.
If nominal gdp = $4.5 trillion and the gdp deflator is 150, then real gdp is equal to:
If nominal Gdp
= $4.5 trillion and the
Gdp deflator is 150, then real Gdp is equal to 3 trillion. According to
investopedia, “GDP stands for gross domestic product and is the measure of the
total economic output of the goods and services of a country. GDP is usually
expressed on an annual basis, but is sometimes expressed on a quarterly basis
within a year”. While Real GDP is defined as “equal to the economic output adjusted for the
effects of inflation. Nominal GDP is economic output without the inflation adjustment”.Lastly,
Nominal GDP is defined as usually higher than real GDP because inflation is
typically a positive number. Nominal GDP is used when comparing different
quarters of output within the same year. When comparing the GDP of two or more
years, real GDP is used because, by removing the effects of inflation, the
comparison of the different years focuses solely on volume.
Problem 8.3 question help you have been asked to analyze the bids for 200200 polished disks used in solar panels. these bids have been submitted by three suppliers: thailand polishingthailand polishing, india shineindia shine, and sacramento glowsacramento glow. thailand polishingthailand polishing has submitted a bid of 2 comma 2002,200 baht. india shineindia shine has submitted a bid of 2 comma 2002,200 rupee. sacramento glowsacramento glow has submitted a bid of $ 220$220. you check with your local bank and find that $1 = 1010 baht and $1 = 88 rupee. the price per unit for thailand polishingequals=$ nothing. (enter your response rounded to the nearest penny.) enter your answer in the answer box and then click check answer. 2 parts remaining clear all check answer
We know that $1 = 8 rupee
And $1 = 10 baht
So if Thailand polishing gives a bid of 2,200 baht. To get the price per unit, you need to divide 2,200 to 10 baht to get how many dollars you can get from that. So 2,200 divided by 10 = $220 and divide this by 200 since there are 200 polished disks. So the price per unit would be 1.1.
The same goes for the other two suppliers.
For India Shine = 2,200 rupee. Since it is rupee, you need to divide it by 8 since 1 dollar is equals to 8 rupee. 2,200 divided by 8 = 275 then divide this by 200, you’ll get 1.38 per unit.
And for Sacramento Glow, $220. No need to convert since it is already in dollars. Just look for the price per unit. 220 divided by 200, the result is 1.1.
The price per unit for Thailand Polishing is $1.10, calculated by converting the total bid price from baht to dollars using the current exchange rate, and then dividing by the number of units.
Explanation:To calculate the price per unit for Thailand Polishing in dollars, you would divide the total price in baht by the current exchange rate (baht per dollar), and then divide that by the number of units (disks). Based on the data provided, Thailand Polishing has submitted a bid of 2,200 baht, and the current exchange rate is 10 baht per dollar, so the total cost in dollars would be 220 dollars. Then, since the bid is for 200 polished disks, the price per unit would be 220 dollars divided by 200 units, which equals $1.10 per unit.Learn more about Currency Conversion here:https://brainly.com/question/11171380
#SPJ11
When different types of retailers are competing, it's called ___________ competition?
Answer:
it's called Intertype competition
Explanation:
In the business world be it retail or wholesale there are different types of competition like intertype and intratype competition.
Intertype competition is a type of market competition between different types of retailers selling the same product, this type of product is usually a product that can be sold in more than one retail store. example of such product is a car tire which can be sold either at a gas station or tire shops. the different retailers are in this example is the gas station and the tire shop while the product been sold is the tire.
Intratype competition is a type of market competition between the same type of retailers selling the same product. like two tire shop selling tires
Small business owners can seek professional advice at no cost through ________.
You have been hired by a small architectural firm interested in implementing a knowledge management system. what features do you think would be of most benefit to them?
Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into electronic payments then the check itself is destroyed. this process is referred to as
The answer in the given statement above is the accounts receivable conversion. This type of process allows an individual to receive the amount that he or she converts from paper check into a real amount when scanned under an electronic machine in which is being described above.
The process where paper checks are converted into electronic payments and the physical check is destroyed is called Check Truncation. It's a method used by businesses and financial institutions to streamline payment processes and increase efficiency.
Explanation:
The process which you're referring to, where paper checks are converted into electronic payments and then the physical check is destroyed, is typically called Check Truncation. This is a common procedure done by financial institutions and businesses to streamline their payment processing system, reduce operational costs, and increase efficiency. Rather than storing and managing physical checks, the electronic version, normally an image of the check, is used for record-keeping and verification. This is particularly important in business transactions where large amounts of checks are processed wherein manual handling can be very time-consuming and prone to human error.
Learn more about Check Truncation here:https://brainly.com/question/16855773
#SPJ12