The restaurant can be accused of puffery. In terms of law, puffery is an advertising declaration or claim that states subjective rather than objective opinions, which no "reasonable person" would take accurately. Puffery functions to "puff up" an overstated image of what is being labelled and is particularly featured in statements.
A restaurant claiming to have the 'world's best cup of coffee' might be practising puffery with exaggerated marketing and the FTC allows such subjective statements under the 'let the buyer beware' principle.
Explanation:When a restaurant claims that it sells the world's best cup of coffee, it may be accused of using exaggerated marketing language or puffery. Puffery is subjective advertising that is not expected to be taken literally by consumers. However, the Federal Trade Commission (FTC) monitors advertising claims to prevent deceptive practices but allows for some leeway when claims are not factual statements but are instead subjective opinions. The FTC acts under the principle of caveat emptor, which means 'let the buyer beware'. This acknowledges that while some advertising can be exaggerated, it is ultimately the responsibility of the consumer to judge the truthfulness of such claims.
Jasmine goes out of her way to display a caring attitude to one of her customers during a sales call. the customer establishes a long-term relationship with jasmine's company. this is an example of
The answer is: how attitudes can be a powerful force in an organization
Attitudes influence general atmosphere in the work environment and the emotions that people felt when working there. Positive emotions usually would correlate with a more positive relationships with costumers, lower stress level, and higher general work productivity.
Consider the data on expected returns and betas for a variety of assets in the table below. what is the expected return on shares of omni consumer products inc. using the capm?
A firm's net income for the year was $800,000. average assets totaled $6 million, and average liabilities totaled $1.2 million. return on equity was:
Copywriters can correlate the visual and headline to the _____ step of the creative pyramid.
What is the most likely illegal scheme to evade estate taxes?
One advantage of modularization is that it simplifies the ____.
Put yourself in the position of an entrepreneur who is developing a new self-propelled, robotic lawn mower, similar to the roomba robotic vacuum cleaner, to introduce into the market. develop the targeting strategy for marketing the new product. be sure to discuss: 1) characteristics of the segment(s) you might choose as the target market 2) why the target market(s) is/are attractive.
The targeting strategy for a robotic lawn mower would focus on homeowners who value convenience and technology, are environmentally conscious, and are familiar with similar automation technologies, as well as landscape professionals seeking efficiency.
Explanation:As an entrepreneur developing a new self-propelled, robotic lawn mower, the targeting strategy for marketing the product would focus on identifying and appealing to specific segments of the market. One possible target market segment could be homeowners with medium to large-sized lawns who value convenience and technology and are environmentally conscious. These customers may already be familiar with robot vacuums like Roomba and tend to adopt new home automation technologies.
The attractiveness of this market stems from their willingness to invest in time-saving and sustainable products. This segment also might include tech-savvy individuals, aged between 30 and 50, who are comfortable with using apps and smart home devices. Another attractive target market could be landscape professionals seeking to increase efficiency with innovative technology. This segment is attractive due to their larger purchasing power and the potential for repeat purchases as they scale their operations.
Which of the following is NOT true of credit cards
Supply chain management refers to a relatively new business phenomenon meaning:
Four years ago, acme tool and die included its employees in a profit-sharing plan in which workers started receiving quarterly bonuses based on the company's profits. since this plan was initiated, worker productivity at the company has nearly doubled. this productivity increase is best explained in terms of:
Final answer:
Increased worker productivity at Acme Tool and Die is best explained by gainsharing, where employees receive bonuses based on company performance, motivating them to contribute to improvements.
Explanation:
The increase in worker productivity at Acme Tool and Die after the introduction of the profit-sharing plan can be primarily attributed to gainsharing. When employees receive financial bonuses based on the company's performance, they have a direct stake in the success of the business. This financial incentive motivates workers to seek ways to improve efficiency and productivity. As such, employees are likely to contribute ideas that can reduce labor costs and overall expenses, participating more actively in the management of the company and working towards enhancing the profit margins which, in turn, increases their bonuses.
For instance, a meat processing plant that implemented such a program saved $300,000 a month, and employees earned close to $1,000 each in bonuses. Moreover, management investing in better machinery in response to demands for higher wages can lead to greater productivity, as workers will operate with more or better physical capital equipment, contributing to fewer hours of labor needed for the same output.
"performing activities in a manner that meets the needs of the present without compromising the ability of future generations to meet their own needs" is the definition of
An individual or a company may challenge agency action where such action is _____:
There may be presence of challenge in an individual or a company when an action is triggered such as having to trigger unwarranted by facts in which will rise challenge and rivalries among the group or in the company itself.
How often are credit card statements issued?
If the cpi is 137 in year y, then it costs _______ in year y to buy the same market basket that cost _______ in the base period. $37; $100 $137; $37 $100; $137 $137; $100
We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:
On a pert chart, an arrow from "activity d" to "activity e" indicates that _______.
When a manager gives guidance to employees to perform their tasks he or she is said to be performing the task of
a.planning
b.organizing
c.staffing
d.leading answer key?
What supports the codes that are chosen for an insurance claim to ensure reimbursement?
Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real terms?
If a firm bakes cookies and sells them for $1,000 while spending $100 on sugar, $150 on chocolate, $50 on other supplies, $300 on wages and $400 on rent, what is its value added?
According to the firm bakes, the value added is $ 700. It is calculated by this Value added = Gross value of output - Value of interim consumption.
What do you mean by the value added?The price of a good or service minus its production costs is known as value-added. Based on their perceived value, customers' willingness to pay determines the price. There are numerous ways to contribute or create value.
The word "value added" in economics, particularly macroeconomics, refers to the contribution of the factors of production (i.e., labour and capital) to raise the value of the finished good and raise the income of those who own the aforementioned factors. As a result, both capital and labour contribute to the national value added.
Here,
Value added = Gross value of output - Value of interim consumption.
Value added = $ 1000 - ($ 100 + $150 + $50).
Value added = $ 700.
Therefore, according to the firm bakes, the value added is $ 700.
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Refer to wwyd apple. steve jobs was famous for saying "no." when he did, he was using which leadership style?
Final answer:
Steve Jobs utilized the authoritarian leadership style, issuing orders and focusing on meeting goals swiftly. This style, effective in certain situations, carries the risk of alienating team members if not balanced with other approaches.
Explanation:
When Steve Jobs famously said "no," he exemplified a particular leadership style that is often associated with great clarity and decisiveness in achieving the group's goals. This style is known as the authoritarian leadership style.
An authoritarian leader is characterized by issuing orders and assigning tasks, maintaining a strong focus on meeting goals, and often making decisions without extensive group input. This approach can be effective in scenarios where quick decision-making is critical, but it also runs the risk of alienating team members if overused or applied inappropriately.
Steve Jobs' use of this leadership style was instrumental in Apple's success. He was known for his ability to cut through complexity and make tough decisions swiftly, often saying "no" to numerous ideas to focus on a few that he believed would truly make a difference. His leadership helped to guide Apple through the development of innovative products such as the iPod, iPhone, and iPad. However, even successful leaders like Jobs had to be mindful of the potential downsides, such as the risk of not listening to valuable input from team members.
Suppose there is unexpected deflation this year that reduces the aggregate price level by 10%. how does deflation affect borrowers and lenders?
What three aspects of customer demand considerations are most indicative of market interests?
A specialized automatic machine costs and is expected to save per year while in operation. using a 99% interest rate, what is the discounted payback period?
The formula for discounted payback period is DPP = -ln (1 – Ci/S) / ln (1+i), wherein C is the initial Cost, i is the interest rate, and S is the saved cash per year. Given the value of i which is 0.99, substitute the remaining value of the specialized automatic machine cost (C) and saved cash (S) per year to get the discounted payback period.
Final answer:
The discounted payback period calculation requires specific cost and savings values, which are not provided. At a 99% interest rate, future savings' present value would be very low, making investments difficult to recoup.
Explanation:
The question asks about calculating the discounted payback period for a specialized automatic machine using a 99% interest rate. This involves understanding the concept of discounted cash flow (DCF), which accounts for the time value of money. To determine the discounted payback period, one must calculate how long it takes for the present value of the savings generated by the machine to equal its initial cost. However, without specific cost and savings values, the exact payback period cannot be computed in this response. Typically, at a very high interest rate like 99%, the present value of future savings would significantly diminish, making it extremely challenging for investments to reach a payback period.
High self-monitors respond more to _____ advertising.
The answer is image oriented advertising. This type of advertising tends to focus more on the products of which they assume of which are more presentable and are favorable for their consumers that will be worth trying or buying of by the consumers.
In 1999, the Coca-Cola Company developed a vending machine that would raise the price of Coke in hot weather. Present a supply and demand diagram to explain the logic behind this machine.
An image has been attached for better understanding.
When there is hot weather, the price of any such beverages will increase as there is greater demand in comparison to the other weather conditions. With the help of the vending machine, it will be easy for Coca-Cola Company as well to provide chilled coke and it will also increase its price.
What is demand?Demand is the term that has a direct impact on product availability in the market. When there is a high demand for any particular product, there is a change in its supply also.
It can be reduced by the quantity of that particular product that is not available, which also impacts the revenue of the product that is generated. Also, demand is that thing that has a direct relationship with the weather.
As per the given image, when the demand for the Coke words moves towards D1, there is a shift in the equilibrium price because the shortage exists, so to eliminate the shortage, the price also increases, which helps in achieving the new price equilibrium with the higher price than before.
Thus, the increase in price is direct when the weather is hot and demand also increases for coke.
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Favorita candy's stock is expected to earn $2.40 per share this year. its p/e ratio is 18. what is the stock price?
Fourteen years ago william put money in his account at first national bank. william decides to cash in his account and is told that his money has quadrupled. according to the rule of 70, what rate of interest did alfred earn?
a. 5 percent
b. 10 percent
c. 14 percent
d. 7 percent
In the Rule of 70 you will get the length of time your money will double by dividing 70 by the growth rate. In here the money quadrupled after 14 years therefore it was doubled by its 7th year. The rate can be computed as 70 divided by 7 and that is 10%. The answer is letter B.
The project manager building a new underwater dolphin exhibit at chicago's shedd aquarium is reviewing the chronological sequence of activities that must be completed on the project and the estimated time of completion of each activity. he is employing the ________.
John's manager just told his team about this year's contest, the winner of which will receive an all-expense paid trip to bangkok. john does not like to travel to places where he can't speak the language, so he is not very enthusiastic. this reward has a high valence for john. true or false
a. True
b. False