When the customers order products online but pick them up in the store, its benefits the retailers because it can leads to additional sales.
What is the meaning of Buy Online, Pick Up in Store?The phrase have the acronym "BOPIS" which stands for buy-online-pickup-in-store. The practice of offering this service has grown as shoppers are becoming too busy to browse items in-store and are more comfortable buying online.
Based on the trends, the Buy Online, Pick Up in Store allows the retailers to blend the online and in-store experience to engage with customers while offering a more convenient way to shop.
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7.5 what would happen financially to a health services organization over time if its prices were set at a. full costs? b. marginal costs? 7.6 a. what is cross-subsidization (price shifting)? b. is it as prevalent today as it has been in the past?
If a health service organization set its prices to full costs, that organization would be financially healthy. If a health service organization set its prices to marginal costs that organization would only make enough money to cover its variable costs.
Cross subsidization is a process in which the entity charges higher prices to one group of consumers in order for them to be able to subsidize lower prices to another group
In economics, the marginal fee is the alternate in overall manufacturing value that comes from making or producing one extra unit. To calculate marginal cost, divide the exchange in manufacturing costs via the alternate in amount.
The marginal price refers to the boom in manufacturing fees generated by using the production of extra product devices. it is also known as the marginal fee of manufacturing. Calculating the marginal value lets in groups to look how quantity output impacts price and therefore, ultimately, income.
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the average fixed cost (afc) curve group of answer choices is u-shaped as a result of diminishing returns. declines as long as output increases. is intersected at its minimum point by marginal cost. intersects the marginal cost curve at its minimum point.
The economies are outweighed by the diseconomies after the point of maximum output, which causes the AC curve to rise. The result is a U-shaped AC curve.
How is the AFC average fixed cost curve shaped?
A rectangular hyperbola could be used to describe the average fixed cost (AFC) curve. It occurs as a result of the fixed cost being divided by rising output. As a result, the AFC curve slopes downward and is a rectangular hyperbola, meaning that the area beneath the curve is constant throughout.
The average fixed cost is L-shaped; why?
The typical fixed expenses Because fixed expenses are spread out over a broader area as production volume grows, the AFC curve slopes downward. The vertical difference between ATC and AVC is equivalent to AFC. The other cost curves' U-shape is explained by variable returns to scale.
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project management is best defined as: a. a sequence of tasks with a beginning and an end. b. the most important task in the performance of the managerial functions of planning, organizing, leading, and controlling. c. project conceptualization, project planning, project execution, and project termination. d. a carefully planned and organized activity, designed to accomplish a specific objective that is usually a one-time effort with a beginning and an end, involving conceptualization, planning, execution, and termination phases.
Project management is best defined as a carefully planned and organized activity, designed to accomplish a specific objective that is usually a one-time effort with a beginning and an end, involving conceptualization, planning, execution, and termination phases. Thus, option 4 is the answer.
Project management is a process of guiding and accomplishing a project from beginning to end. First, one needs to conceptualize and plan the project. One needs to think of an idea and make a plan on how to execute the plan step by step.
Then comes the execution of the plan, where the task is given to an individual or a team, and instructions are given to them on how to carry out the project.
Then comes the termination phase, which is marked by the completion of the project and the submission of the project to the client. It is a one-time activity. A project needs to be started and then finished. One can then start working on other new projects.
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joanie wants to educate the board about the value in understanding consumer opinions, thus should consider educating the board and ceo on the power of which of the following marketing tools? multiple choice blogs wikis spectators crowdsourcing qr scans
Joanie wants to educate the board about the value in understanding consumer opinions, thus should consider educating the board and CEO on the power of blogs as marketing tools
The blog is used on a website to promote a product, service, organization, or individual using text, audio, and video material is known as blog marketing. Although some blogs have evolved into businesses unto themselves, blogs are frequently used to advertise a business or enterprise. Your website will receive more visitors if you add blog-style content to it. Your SEO, or search engine optimization, will significantly improve if your blog is updated frequently. You can position yourself as an authority on a subject by starting a blog. You can offer advice and knowledge specific to your business and sector.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses market place or social media when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Social media are used by some businesses for increasing their brand awareness, others use it for driving website traffic and sales. Social media can help you generate engagement around your brand, create a community, and serve as a customer support channel for your customers.
Social media can help you to connect to your customers, increase your online traffic, improve your customer-brand relationship, and establishes your credibility.
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define what a voucher is by completing the following sentence. a voucher is an (internal/external) document (or file) used to accumulate information to (reduce/control) cash payments and to ensure that a transaction is properly recorded.
A voucher is an internal document used to accumulate information to reduce cash payments and to ensure that a transaction is properly recorded.
A voucher is any written record that attests to the correctness of the accounting for the transaction and the entries made in the account books. For instance, a bill, an invoice, a receipt, a pay slip counterfoil, a check book counterfoil, or a trust deed. An internal document called a voucher describes and authorizes the payment of a supplier's liability. The manual payment system, where it is a component of the control system, is where it is most frequently employed.
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Answer: internal and control
Explanation:
Mandatory government spending includes which of the following?
a. Infrastructure and science
b. Social Security and Medicare
c. Healthcare and military
d. Education and agriculture
Social Security and Medicare is the Mandatory government spending. Hence, option B is correct.
What does government spending include?The federal government spends money on many different things, including Social Security and Medicare as well as military hardware, upkeep of the country's roadways, construction development, research, and education. These expenses can be divided into two groups: necessary and discretionary.
Examples of obligatory spending include contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt. Nearly two thirds of all federal spending is accounted for through mandatory spending.
Thus, option B is correct.
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cash equivalents are reported on the blank . (check all that apply.) multiple select question. statement of retained earnings income statement statement of cash flows balance sheet
Cash equivalents are reported on the balance sheet. Hence, option (d) 'balance sheet' is the correct answer.
Cash equivalents are defined as the total value of cash on hand that contains items that are similar to cash. It means that cash equivalents refer to all those assets that can be easily and readily converted into amounts of cash.
Cash equivalents are current assets of an organization which are always shown on the top line of the balance sheet since the cash equivalents are considered to be extremely liquid assets.
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critter sitters paid $100 for the monthly cell phone bill. which two accounts are impacted by this transaction? cash and owner's capital cash and communications expense owner's capital and communications expense cash and accounts payable
The two accounts affected by the cash sales transaction in Critter Sitters Animal Care's books are B. Cash and Sales, and C.
What effects do cash sales transactions have on accounting?
The selling company will debit its cash account and credit its service revenue or sales revenue account when a consumer pays for goods or services.
The accounting consequence for the paying client is a credit to the cash account and a negative to purchases, costs, or inventory.
Given each company transaction, these debit and credit entries are consistent with the double-entry accounting method and the accounting equation, which stipulates that assets are equal to liabilities and equity.
Critters Transaction Analysis: Cash $ Sales $
The cash account of Critters Sitters Animal Care should be debited, and the sales income account should be credited.
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the electricity bill at padco was driven solely by the lights throughout the office; everything else was driven by alternative energy sources. the office was open roughly 8 hours a day, five days a week and the cleaning crew spent about the same amount of time in the offices each week night. the kilowatt hour usage for the office was best described as a:
The kilowatt hour usage for the office was best described as a horizontal demand curve.
Demand that is completely elastic is illustrated by a horizontal demand curve. In other sense, consumers would only buy the good at a particular price and will make no transactions whenever the price is higher.
In a market with perfect competition, each firm's demand curve is horizontal since supply and the market's demands determine pricing. Companies are price takers as a consequence. Customers won't be motivated to buy from a company that attempts to charge higher than the going rate in the marketplace. If your price is even a little bit higher, they won't see any incentive to buy from you.
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if a firm has total revenue of $200 million, explicit costs of $190 million, and implicit costs of $30 million, its economic profit is: group of answer choices -$10 million. $200 million. $70 million. $10 million. -$20 million.
The economic profit is -$20 million.
What is economic profit?Economic profit is defined as a profit or a loss that can be determined by deducting the explicit costs and the opportunity costs from the money or the revenue generated by a company. It is important to mention that economic profit helps in the measurement of efficiency, and success, and also ranks the different opportunities. Furthermore, the calculation also has certain disadvantages and including issues in making estimations, and does not have certain financial aspects.
Given that,
Total revenue = $200 million
Explicit costs = $190 million
Implicit costs =$30 million
Hence,
Economic profit = 200 - (190 + 30) = 200 - 220 = -20 million
It can be concluded that the economic profit is -$20 million.
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Wallace has decided that he wants to move on from his entrepreneurial business and take his financial profits from his hard work. This is an example of ________.
Wallace has decided that he wants to move on from his entrepreneurial business and take his financial profits from his hard work. This is an example of Social entrepreneur.
What is Social entrepreneur?
An entrepreneur that creates social initiatives, such as charities, for-profit companies with social missions, and other non-governmental organizations, strives to build up social capital is known as a social entrepreneur.
The process by which individuals, businesses, and entrepreneurs create and finance solutions that directly address social challenges is known as social entrepreneurship. Therefore, a social entrepreneur is someone who looks into business prospects that benefit their neighborhood, society, or the entire planet.
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Any costs incurred to get the merchandise into a condition and location ready for sale should be debited to ______.
Any costs incurred to get the merchandise into a condition and location ready for sale should be debited to Inventory.
Any activity that helps a product be sold to a retail customer is considered merchandising. Retail in-store merchandising is the practice of exhibiting objects that are for sale in a way that inspires customers to buy additional items or products. Visual display merchandising in retail refers to the practice of selling goods by influencing consumer behavior through product selection, display, pricing, and packaging. Disciplines and discounts, the actual presentation of products and displays, and judgments regarding which products should be shown to which customers at what time are all included in this.
Understanding the standard dating notation for the terms of payment on an invoice is made easier by merchandise. Codified discounting addresses markup and markdown issues in pricing.
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13. choose the option to correctly complete the following sentence. schmidt industries received cash from a customer for a product to be delivered next month. according to the realization concept this revenue has been earned but not realized. realized but not earned. earned and realized. neither earned nor realized
According to the realization concept this revenue has been realized but not earned.(OPTION B)
Realization Concept: According to the realization principle, revenue cannot be recognized until the underlying items or services have been delivered or provided, respectively. So, only when it has been earned, can revenue be recognized.
Example of the realization principle:
The consumer pays when the item ships, but the sale cannot be recorded as income until the customer receives the shoes and the transaction is complete. The revenue can then be recognized, and the amount can be entered into your client's ledger.
Realization concept would apply when goods are delivered to customer.
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jt engineering declares a dividend. a portion of the dividend is liquidating. what impact will this distribution have on additional paid-in capital and retained earnings?
When a company distributes stock dividends, the retained earnings of the business are decreased and the common stock account is increased. Stock dividends only influence the equity side of the balance sheet because they reallocate some of the retained earnings to the common stock account rather than causing changes to the assets on the balance sheet.
Does a stock dividend effect the money invested?Cash dividends have no impact on a company's additional paid-in capital because they are subtracted from retained earnings. Retained profits are reduced by the amount equal to the value of stock dividends, and the difference is capitalized to the paid-in capital account.Companies often pay cash dividends to their shareholders, but occasionally they'll substitute shares. Any dividend, whether it be in the form of cash or stock, is a distribution of profits to the owners of the business; as a result, it lowers the retained earnings account in the shareholders' equity portion of the balance sheet.When a company distributes stock dividends, the retained earnings of the business are decreased and the common stock account is increased.To learn more about Retained earnings refer to:
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the business school of fau, boca raton, fl, has the capacity to enroll 1,500 business students in its class offerings every semester. nevertheless, the dean of the college, fr. francis bertram, to facilitate student learning and interaction, has limited the enrollment to 1,200 students. despite a high demand for business courses, schedule conflicts and financial needs allowed only 1,100 students to enroll in business courses. compute the capacity efficiency of this educational system.
the capacity efficiency of this educational system is more than 90%
Efficiency = 91.67%
Performance is the regularly measurable potential to avoid losing materials, power, effort, money, and time in doing something or in generating the desired result. In an extra well-known sense, it's miles the capability to do matters properly, efficiently, and without waste. As described by way of Deborah Stone, efficiency is "accordingly no longer an intention in itself. It isn't something we need for its own sake, however instead as it allows us to reap extra of the things we price." In more mathematical or scientific terms, it indicates the extent of overall performance that uses the least amount of inputs to attain the very best amount of output. It often especially comprises the capability of a selected software to attempt to produce a specific final result with a minimum amount or quantity of waste, fee, or unnecessary effort.
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the accountants hired by forever fitness have determined total fixed cost to be $75,000, total variable cost to be $130,000, and total revenue to be $125,000. because of this information, in the short run, forever fitness should
In the short run, forever fitness should shut down because staying open would be more expensive.
Why should a firm shut down?A firm should shut down in the short run, if its total variable cost is greater than its total revenue. In the long run, a firm should exit the market, if its fixed cost is greater than its total revenue.
The short run is the period where all of the factors of production are fixed. Variable cost is the cost that varies with the level of output. Fixed cost is the cost that remains constant regardless of the level of output.
In this question, the total variable cost is greater than the total revenue, thus in the short run, the firm should shut down because it is to expensive to run the business in the short run.
Here are the options:
a. stay open because shutting down would be more expensive.
b. shut down because staying open would be more expensive.
c. lower their prices to increase their profits.
d. stay open because the firm is making an economic profit.
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employers rarely use benefits as tools for attracting and retaining employees because employees generally lack a complete understanding of the benefits provided by their employers. question 11 options: true false
Because employees typically do not lack a thorough understanding of the benefits offered by their employers, employers rarely use benefits as strategies for luring and keeping personnel. Hence, the given statement is false.
Who are the employees?A person who is compensated for their time and labor is an employee. To be considered an employee, a person or organization must pay its workers for their labor. This means that workers do not necessarily need to work full-time.
Employees are people who have been engaged by an employer—a person or company—to carry out tasks on their behalf. According to the IRS, if the employer has any control over the work that is done, then the person is deemed an employee.
Therefore, the given statement is false.
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a county has an external investment pool for cities in the county to invest excess resources. the city makes a distribution to participants in the pool-that is, the cities that have invested in the pool-in the amount of $20,000. which account should be debited when the cash distribution is made
If a county has a separate investment pool where surplus funds from the county's cities might be put, the investment in the pool-cities account should be deducted when the cash distribution is made.
Using investment pools, agencies and organizations can pool and concentrate extra money from multiple departments and programs for use in investments. Participants in the investment pool are the departments and programs that contribute their surplus funds. To track cash distribution capital transfers inside the investment pool, each member is given a unique account number.
Similar to a portfolio manager, an investment pool administrator arranges the pool and oversees the investments of the fund. Either the administrator of the investment pool or a third-party investment cash distribution manager makes investments with the money in the investment pool. Only the investment manager's contact details are stored by the system.
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The complete question is
A county has an external investment pool for cities in the county to invest excess resources. The city makes a distribution to participants in the pool-that is, the cities that have invested in the pool-in the amount of $20,000. Which account should be debited when the cash distribution is made? Select one:
a. Accounts payable
b. Deductions-distributions to pool participants
c. Due to other governments
d. Investment in pool-cities
corporate strategic options for diversified companies would not normally entail multiple choice sticking closely with the existing business line when the current business line offers attractive growth opportunities. divesting weak-performing businesses and retrenching to a narrower base of business operations. broadening the diversification base by adding and acquiring more businesses. repurchasing shares of the company's common stock and building cash reserves by investing in short-term securities. restructuring the company's business lineup through a mix of divestitures and new acquisitions.
Option (c), which entails repurchasing shares of the company's common stock and accumulating cash through investments in short-term securities, is the best choice.
What exactly do you mean by diversified companies?A diverse corporation owns or engages in business across a number of unrelated industries. Companies can diversify by starting new ventures on their own, joining forces with another business, or buying a firm that operates in a different industry or service sector. One typical type of diversified company are conglomerates.
Why does corporate strategy matter for a varied firm?So, the company strategy is to increase profitability by entering new markets and offering new products. Corporations may also aim to diversify in order to assist mitigate the dangers related to relying too much on one industry.
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the strategic planning committee at comfort fabric clothing company consists of managers from engineering, r&d, production, marketing, and finance. this is an example of a(n)
At Comfort Fabric Clothing Company, managers from engineering, R&D, production, marketing, and finance serve on the strategic planning committee. An illustration of a cross-functional team is this.
What is cross functional team?A cross-functional team is made up of individuals with various specialties who work together to accomplish a common objective. Employees from all divisions and levels usually participate.
Teams made up of members from multiple organizational areas, such as marketing, product development, quality assurance, sales, and finance, collaborate to accomplish a common objective.
Teams that see a mutual benefit in collaborating and working toward a similar goal are examples of cross functional teams. These teams can include marketing and design teams, design and engineering teams, sales and customer success teams, and many others.
Teams can be split into four primary categories: project teams, self-managed teams, virtual teams, and operational teams. The members of your team will be chosen based on your team's goals, environment, and organisational structure. Each squad has its own unique combination of advantages and disadvantages.
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edwin owns a smartphone with a digital assistant that recognizes words and phrases and provides appropriate answers to his questions. what technology does the smartphone use to make the assistant respond to edwin?
The technology used by the smartphone to make the assistant respond to edwin is synthesized speech.
Write a short note on speech generating devices.SGDs, or speech-generating devices, are electronic augmentative and alternative communication (AAC) systems designed to complement or substitute speech or writing for people with severe speech impairments, allowing them to verbally communicate. SGDs are also referred to as voice output communication aids. SGDs are significant because they enable individuals to participate actively in communication interactions, which is vital for those who have limited verbal communication options. Although recently utilized for kids with anticipated speech difficulties, they are most beneficial for people with ALS (amyotrophic lateral sclerosis).
SGDs offer a variety of input and display options for users with different skill levels. Only a subset of the available symbols are shown at any given time because certain SGDs have multiple pages of symbols to accommodate numerous utterances.
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Cassandra worked 20 hours last week at an hourly rate of $12 per hour. she paid $55 in taxes. the amount she keeps is called her: question 2 options: a. gross profit b. net pay c. gross pay d. net profit
The amount she keeps is called her gross pay.The promised salary is typically stated as the gross pay in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary.
Is a salary net or gross?The promised salary is typically stated as the gross pay in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary. Your net pay is what's left over after taxes and other withholdings have been deducted from your gross compensation.Before taxes, benefits, and other payroll deductions are taken out of an employee's paycheck, that amount is known as their gross pay. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account. The promised salary is typically stated as the gross income in job advertisements. This amount, which does not include any immediate or long-term incentives or bonuses, is sometimes referred to as your base salary.To learn more about gross pay refer to:
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the marginal product of labor is the change in: a total costs divided by the change in the quantity of labor. b total output divided by the change in the quantity of labor. c labor divided by the change in total product. d average output divided by the change in the quantity of labor. e total costs divided by the change in the quantity of output.
The marginal product of labor is the change in total output divided by the change in the quantity of labor. The difference in production that occurs by using an extra unit of labor is known as the marginal product of labor.
As a metric of production efficiency, the marginal product refers to the extra units of output that are added to the total production when the labor is increased by one unit.
The labor efficiency variance may be thought of as a variance based on the number of labor hours used in manufacturing. It is the discrepancy between the actual number of direct labor hours a person worked and the budgeted direct labor hours a person is expected to have done in order to meet standards. It should be emphasized that the labor efficiency variance is the difference between the real labor rate multiplied by the number of hours of labor actually performed and the standard labor rate multiplied by the number of hours of labor actually performed.
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A highly efficient business: select one: a. constantly targets reductions in dollar and time costs b. sells to customers for both cash and on credit c. gets all its documentation done quickly to start operating d. pays creditors on time to keep its suppliers happy
D. Pays creditors on time to keep its suppliers happy.
Depending on the context, the term "creditor" can refer to a variety of entities, but often refers to a financial institution or a person who is owed money.
What types of people are creditors?Depending on the context, the term "creditor" can refer to a variety of entities, but often refers to a financial institution or a person who is owed money. You might be referred to as a debtor or borrower if you are the one who owes the money to the creditor.A creditor is defined as "any individual who offers or extends credit establishing a debt or to whom a debt is owed" by the Consumer Financial Protection Bureau (CFPB). As long as they give money to another party, a financial institution, an individual, or a nonprofit organization could all be examples of creditors.While loans are made to creditors, payments or the money owing are obtained from debtors. In the balance sheet's assets column, debtors are displayed.To learn more about Creditors refer to:
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venus sportswear corporation has preferred stock outstanding that pays a quarterly dividend of $2. it has a price of $100. what is the required rate of return on the preferred stock?
8% is the required rate of return on the preferred stock. Divide next year's fixed dividend payment by the current stock value, and then add the result to the dividend's measured growth.
What is rate of return ?The required rate of return, in general, refers to how much profit a company must have in order to pursue and complete a project or investment. This figure can include anything from machinery costs to the cost of a merger. In addition to risk and the overall health of the market, the required rate of return is calculated.
The required rate of return (RRR) is the minimum return an investor will accept for owning a company's stock in exchange for a certain level of risk. In corporate finance, the RRR is used to assess the profitability of potential investment projects.
The dividend-discount model computes the RRR for equity of a dividend-paying stock using the current stock price, dividend payment per share, and dividend growth rate forecast.
RRR = (Expected dividend payment / Share Price) + Forecasted dividend growth rate
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oligopoly is a market structure characterized by: a regulated natural monopolies. b independence in decision making. c strategic behavior between rival firms. d a large number of small firms. e substantial diseconomies of scale.
Oligopoly is a market structure characterized by: C. strategic behavior between rival firms.
What is an oligopoly?An oligopoly can be defined as a type of market structure which comprises a small number of business firms or sellers that are offering identical or similar products to their consumers, in such a way that none of them can limit the significant influence of the other.
The characteristics of oligopoly.Generally, an oligopoly is a market structure that is distinguished by several characteristics and these include the following:
Mutual interdependence between business firms. The market is controlled by many small business firms.Strategic behavior between competitors (rival firms).Difficult entry to new business firms.Substantial economies of scale.Dependence in decision making.In this context, we can reasonably infer and logically deduce that business organizations or sellers that are operating in an oligopoly are characterized by making strategic behavior between competitors (rival firms).
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An organization attempting to measure the difference between its customers’ expectations and experiences encourages customers to call a 24-hour toll-free hotline. What is this type of activity called?.
Gap Analysis is a type of activity in which an organization attempting to measure the difference between its customers’ expectations and experiences encourages customers to call a 24-hour toll-free hotline.
What is Gap Analysis?A gap analysis is a process of asserting the performance of a particular business unit to check or determine whether the business requirements or objectives are met, if not what steps should be taken to meet them. A gap analysis is used by the companies to compare their current performance with their expected performance. Steps involved in Gap Analysis are Identify the current state, Identify the future state, identify the gaps, evaluate solutions, implement change.
A gap analysis is useful when the companies are not using their resources, capital, or technology to their full potential. Gap analysis is used in finding the difference between rare sensitive assets and liabilities. A gap analysis is also called need analysis for any organizational type.
The types of Gap analysis are Market Gap analysis, Finance /Profit Gap Analysis, Skill Gap Analysis
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the formal system of task and reporting relationships that coordinates and motivates an organization's members to achieve the company's goals is called the organizational . multiple choice question.
Based on organizational policy, this formal system that helps the organization to achieve the company's goal is called Organizational Structure.
What is Organizational Structure?Organizational Structure is a term that is used and applied by various firms to create, maintain, and achieve the organization's goal.
There are various types of Organizational Structures which include the following:
Hierarchical organizational structure.Functional organizational structure.Horizontal or flat organizational structure.Divisional organizational structures (market-based, product-based, geographic)Matrix organizational structure.Team-based organizational structure.Network organizational structure.Also, there are various elements of Organizational structure, which include the following:
Work specialization.Departmentalization and compartments. Formalization of elements. Centralization and decentralization. Span of control.Chain of command.Benefits of Organizational Structure include the following:Centralize the company's marketing message;Facilitate higher and increasing mobility for the company's progress;Create and promote strategic planning;Enhance worker's training and working conditionsImprove the decision-making processHence, in this case, it is concluded that the correct answer is Organizational Structure.
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27. in determining when revenue is recognized, what two conditions must be satisfied according to the realization concept? revenue must be collected and credited. revenue must be earned and realized. revenue must be credited and paid for. revenue must be earned and collected.
in determining when revenue is recognized, b) revenue must be earned and realized according to the realization concept.
In line with the belief precept, when items are involved, the revenue is recognized while the risks and rewards of possession are transferred to the consumer or when the vendor takes obligation for goods that have been broken or destroyed.
The belief principle is a sales reputation principle that states that the income or revenue is diagnosed best while earned. The business enterprise in all fairness positive that the charge in opposition to the identical may be received from the consumer.
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