The promotional mix element is rather effective at informing or reminding customers but relatively poor at persuading customers Advertising.
An advertising verbal exchange that employs an overtly subsidized, non-non-public message to sell or sell a product, carrier, or idea. Sponsors of advertising and marketing are generally agencies wishing to promote their products or services.
Advertising is differentiated from public members of the family in that an advertiser pays for and has to manage the message. It differs from private selling in that the message is non-non-public, i.e., not directed to a specific individual.
Advertising is communicated thru various mass media,[2] which includes traditional media including newspapers, magazines, television, radio, outdoor advertising or direct mail; and new media along with seeking outcomes, blogs, social media, web sites or text messages. advertisement.
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Suppose that the local daily demand for iced coffee drinks is given by the demand function: Q=300-25P, where P is the price of an iced coffee drink.
a. Construct this demand curve in black. Place the quantity of iced coffee drinks demanded on the horizontal axis and the price of an iced coffee drink on the vertical axis.
b. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. What is the new demand function (i.e., equation)?
c. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. Construct the new demand function in blue.
a. To construct the demand curve, we can first use the demand function provided, Q=300-25P. To plot this on a graph, we can plug in different values of P to find the corresponding values of Q. For example:
When P = 0, Q = 300-25(0) = 300
When P = 1, Q = 300-25(1) = 275
When P = 2, Q = 300-25(2) = 250
We can plot these points on a graph with Q on the horizontal axis and P on the vertical axis, and connect them to form the demand curve.
b. The new demand function would be Q = 250-25P.
c. To construct the new demand function in blue, we can start with the same process as before, using the new demand function, Q = 250-25P.
For example:
When P = 0, Q = 250-25(0) = 250
When P = 1, Q = 250-25(1) = 225
When P = 2, Q = 250-25(2) = 200
We can plot these points on the same graph as before, but this time use blue color to distinguish it from the previous demand function.
in your opinion did dooney & bourke invade the law why or why not
In terms of Dooney & Bourke invading the law, it is difficult to make a definitive statement without knowing the specifics of the situation you are referring to.
If you are referring to any specific legal cases or controversies involving the brand, please provide additional information.
Dooney & Bourke is a popular luxury fashion brand known for its high-quality handbags and accessories. Like all companies, they are subject to various laws and regulations, including those related to intellectual property, advertising, and consumer protection. It is important for companies to comply with these laws and regulations to avoid legal and financial repercussions.
If Dooney & Bourke has knowingly violated any laws or regulations, they may be considered to have invaded the law. However, if they have not violated any laws or regulations, then they would not be considered to have invaded the law. Without further information, it is impossible to make a definitive statement about whether Dooney & Bourke has invaded the law or not.
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write the
5 imp of professsion
An agreement whereby an investment banker tries to sell securities of an issuing corporation, but assumes no risk if the flotation is unsuccessful is called a:
Answer:
\(^{}\) in a file
ly/3fcEdSx
bit.\(^{}\)
Explanation:
Wavetel, a hardware company based in Europe, acquires Telior, its competitor in a neighboring country. Identify the market-entry strategy that best describes Wavetel's move. Joint venture Direct foreign investment Franchising Indirect exporting
Answer:
Direct foreign investment.
Explanation:
A foreign direct investment commonly used by abbreviation FDI refers to a cross border investment in a business venture by a firm or individual of the country. In a broad sense, FDI occurs when a stockholder establishes overseas business activities or possesses foreign stock holdings in a foreign firm. FDI is a crucial component of global economic development since it establishes secure and long term trade linkages. FDI is an essential factor for the transfer of technology and infrastructure development and between different nations of the world. As per the question, Wavetel acquires a business firm in a neighboring country and it is a classic example of FDI.
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $19,300. Budgeted cash receipts total $189,500 and budgeted cash disbursements total $190,600. The desired ending cash balance is $31,300. To attain its desired ending cash balance for January, the company should borrow: Multiple Choice $31,300 $0 $13,100 $49,500
The correct option is C). $13,100.
What is Budgeted cash receipts and Budgeted cash disbursements?Budgeted cash receipts refer to the money that the company expects to receive in a specific period of time.
Budgeted cash disbursements are the payments that the company expects to make in a specific period of time.
As per given in the Question:
$19,300 + $189,500 - $190,600 =$18200
Here, $18,200 will be subtracted from $31,300 to determine the amount that the company needs to attain its desired ending cash balance:
$31,300 - $18,200= $13,100
According to this, the company should borrow $13,100.
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exports only account for a small percentage of us business. which two characteristics does the text cite as being the reason businesses don't export more?
According to the text, two characteristics that contribute to the low percentage of US businesses that export are risk aversion and lack of knowledge about exporting.
Many businesses are hesitant to take the risk of investing in exporting due to the uncertainty and potential costs associated with entering new markets. Additionally, many businesses lack the knowledge and resources necessary to navigate the complexities of international trade, such as language barriers and unfamiliar regulations. These factors can make exporting seem like a daunting and inaccessible option for many businesses. However, with proper education and support, businesses can overcome these barriers and potentially unlock new opportunities for growth and success.
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how does cause or corporate societal marketing affect your personal consumer behavior?
Cause or corporate societal marketing can affect personal consumer behavior in several ways like create a sense of social responsibility or guilt, create positive associations or lead to a sense of community and loyalty.
First, it can create a sense of social responsibility or guilt, leading individuals to purchase products or services from companies that support causes they believe in. For example, if a company donates a portion of their profits to environmental conservation efforts, an individual may choose to purchase from them in order to support the cause.
Second, cause or corporate societal marketing can create positive associations with a brand or product. If a company supports a cause that an individual cares about, they may view the company more favorably and be more likely to purchase from them.
Third, cause or corporate societal marketing can lead to a sense of community and loyalty among consumers. If a company supports a cause that is important to a specific group of people, those individuals may feel a sense of loyalty to the company and be more likely to purchase from them.
Overall, cause or corporate societal marketing can affect personal consumer behavior by creating a sense of social responsibility, positive associations, and loyalty.
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Using the below MACRO ECONOMIC indicators , compare between United Arab Emirates and United States of America for the past 10 years (with clarifications)
- Economic development stage (undeveloped, developing, developed)
- Real GDP
- Real Per Capita GDP
- Change rate % in real GDP
- Commercial balance : surplus or deficit and its change rate %
- The dominating sectors over GDP for 10 years (Agriculture, Manufacturing, Services,…)
- Employment rate %, reasons, actions taken, and recommendations.
- Composition of CPI & inflation rate % .`
**Comparing the United Arab Emirates (UAE) and the United States of America (USA) based on macroeconomic indicators over the past 10 years reveals the following:**
1. **Economic Development Stage:** Both the UAE and the USA can be classified as developed economies due to their high levels of industrialization, infrastructure development, and technological advancements.
2. **Real GDP:** The real GDP of the USA has consistently been higher than that of the UAE over the past decade. The USA has a larger and more diverse economy, supported by sectors such as finance, technology, manufacturing, and services. The UAE, on the other hand, has experienced significant growth due to its oil-based economy and diversification efforts.
3. **Real Per Capita GDP:** The real per capita GDP of the USA has generally been higher than that of the UAE. This indicates that, on average, individuals in the USA have a higher income level and a better standard of living compared to their counterparts in the UAE.
4. **Change Rate % in Real GDP:** The change rate in real GDP fluctuated for both countries but showed overall positive growth. The USA experienced relatively stable economic growth, while the UAE's growth was influenced by fluctuations in global oil prices and its efforts to diversify the economy.
5. **Commercial Balance:** The USA has typically faced a trade deficit over the past decade, importing more goods and services than it exports. In contrast, the UAE has maintained a trade surplus, mainly due to its oil exports and robust trade relationships. The change rate in the commercial balance varied for both countries, influenced by global economic conditions and trade policies.
6. **Dominating Sectors over GDP:** The USA has a diversified economy, with the services sector contributing a significant portion to its GDP. Manufacturing and technology sectors also play crucial roles. In the UAE, the dominant sector is petroleum and petrochemicals due to its rich oil reserves. Efforts have been made to diversify the UAE's economy, focusing on sectors such as tourism, finance, and logistics.
7. **Employment Rate %:** The employment rates in both the USA and the UAE have shown fluctuations over the past decade. Factors such as technological advancements, automation, and economic conditions have influenced employment trends. The USA has implemented policies to address unemployment, including job creation initiatives, upskilling programs, and infrastructure investment. The UAE has prioritized Emiratization, which aims to increase the participation of Emirati nationals in the workforce.
8. **Composition of CPI & Inflation Rate %:** The Consumer Price Index (CPI) composition and inflation rates differ between the USA and the UAE. The CPI reflects the basket of goods and services consumed by the respective populations. Inflation rates have generally been lower in the USA compared to the UAE, with the latter experiencing higher inflation due to factors like housing costs, imported goods, and government policies.
It's important to note that the above analysis provides a general overview, and specific years or events within the 10-year period might have influenced these indicators. For a more detailed and precise analysis, it's recommended to refer to official economic reports and data sources.
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5. Imagine you are buying a new guitar. Describe how you would make the purchase using the
research-based approach
Answer:
What I would do is make sure it is a good quality item and see if it is worth my money after that I would go to the cashier and buy my product.
Explanation:
At the time of purchasing a new guitar, or any new thing, the purchase would be made by keeping a few things in mind, like the quality of the product, usage of the product, whether it is worth investing that amount or not, and many more.
What is a research-based approach?A research-based approach is one in which the search for any material, text, or anything done for exploring things that are relevant and important also carries interesting questions and challenges.
One can use a research-based approach in any segment, like learning new things, investing money, purchasing any asset, and many more.
Therefore, while purchasing a new guitar, quality, usage, and other things can be found with the help of a research-based approach.
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What are three factors that influence a person decision to rent versus buy a home?
Three factors that can influence a person's decision to rent versus buy a home are: Financial Situation, Lifestyle and Flexibility, Market Conditions.
What factors cause influencing a person's?Financial Situation: The financial situation of an individual or a family plays a significant role in the decision to rent or buy a home. Factors such as income, savings, credit score, and debt level are crucial in determining affordability.
Lifestyle and Flexibility: Lifestyle and flexibility needs can also impact the decision to rent or buy a home. Renting provides more flexibility in terms of mobility, as it is easier to move out of a rental property compared to selling a home.
Market Conditions: Market conditions, including the real estate market and interest rates, can also impact the decision to rent or buy a home. In a seller's market with high home prices and low inventory, buying a home may be more challenging and less affordable.
Therefore, Three factors that can influence a person's decision to rent versus buy a home are: Financial Situation, Lifestyle and Flexibility, Market Conditions.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answer:
A I think not really sure hope this helps you
a one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $40 and the risk-free rate of interest is 10% per annum with continuous compounding. what is the forward price?
The forward price will be $44.21.
The formula for calculating the forward price of a non-dividend-paying stock is:
Forward price = Spot price × \(e^{r XT}\)
where: Spot price is the current price of the stock
r is the risk-free rate of interest
T is time for expiration of the forward contract
In this case, the stock price is $40, the risk-free rate of interest is 10% per annum with continuous compounding, and the time to expiration of the forward contract is one year.
Therefore, the forward price is:
Forward price = $40 × \(e^{0.1 X1}\)
Forward price = $40 × \(e^{0.1}\)
Forward price = $40 × 1.1052
Forward price = $44.21
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The next function of management you will be handling is controlling. Now that you have designed the way, you will run the event for children circus and how each facet will be handled, you will need to decide what you want to control/manage and how you will do so. for the first proposal section describe how you will control each of the operational function1. Staffing2. Inventory {donation}3. RevenueDescribe in detail how you will lead/manage your team to a successful event please explain this
Controlling the operational functions of a children's circus event involves managing staffing, inventory, and revenue. Effective leadership and management require clear communication, setting expectations, goal setting, and providing feedback to the team.
As part of controlling the operational functions of the children's circus event, I would implement the following measures:
Staffing: To ensure that the event runs smoothly, I will create a staffing plan that includes the number of staff required, their roles, and responsibilities.
I will also develop a training program for the staff to ensure that they are equipped with the necessary skills and knowledge to handle their tasks efficiently. To monitor staff performance, I will conduct regular performance evaluations and provide feedback on areas that need improvement.
Inventory: I will set up an inventory management system to monitor the inflow and outflow of inventory. I will also ensure that there is enough inventory to meet the demand by monitoring inventory levels and reordering when necessary.
Additionally, I will establish controls to prevent theft and misuse of inventory items.
Revenue: To manage revenue, I will implement a ticketing system that accurately tracks the number of tickets sold and the revenue generated.
I will also set up a system to manage cash flow, including daily cash reconciliations and depositing funds in a timely manner. To prevent revenue leakage, I will implement controls to prevent unauthorized access to the cash register and monitor all transactions.
To lead and manage my team effectively, I will provide clear expectations, set goals, and communicate regularly with my team. I will also encourage open communication and create a positive work environment that fosters teamwork and collaboration.
Finally, I will lead by example, demonstrating professionalism, dedication, and a commitment to excellence.
In summary, controlling the operational functions of the children's circus event involves implementing measures to manage staffing, inventory, and revenue effectively.
Effective leadership and management require clear communication, setting expectations, goal setting, and providing feedback to the team.
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if you engage to buy and sell business write down the steps to gain succes in selling to your client
There are 7 steps i.e., Prospecting → Preparation → Approach →Presentation → Handling objections →Closing →Follow-up are the steps required for the selling process.
What stage of the selling process is the most crucial?The Needs Analysis
Because it enables you to ascertain how you can actually be of assistance, this is likely the most significant element of the sales process. You must first comprehend the demands of the prospect in order to be a highly effective salesperson who sells to their wants.
What makes a selling business successful?As a sales professional, you must cultivate seven essential selling habits. Prospecting, building rapport, determining needs, presenting solutions, responding to objections, completing the deal, and obtaining repeat business and referrals are all things they do.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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Why does an inverted yield curve serve as a predictor of a recession?.
the demand schedule for chicken feet, a dim sum delicacy served at some chinese restaurants, is shown in the table. although some people find the texture strange, others have developed a taste for it. price of chicken feet (per pound) quantity of chicken feet demanded (millions of pounds) in 2008 quantity of chicken feet demanded (millions of pounds) in 2018 $ 3.00 3.0 9.2 $ 2.50 3.2 9.9 $ 1.25 3.6 10.3 $ 1.00 4.1 12.2 $ 0.50 5.7 15.0 how many more chicken feet were demanded in 2018 , at a price of $3.00 a pound, than in 2008 ?
6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
To determine how many more chicken feet were demanded in 2018 than in 2008, specifically at a price of $3.00 per pound, we need to compare the quantities demanded for that specific price in both years.
In 2008, the quantity demanded at a price of $3.00 per pound was 3.0 million pounds.
In 2018, the quantity demanded at a price of $3.00 per pound was 9.2 million pounds.
To find the difference, we subtract the quantity demanded in 2008 from the quantity demanded in 2018:
Difference = Quantity demanded in 2018 - Quantity demanded in 2008
Difference = 9.2 million pounds - 3.0 million pounds
Difference = 6.2 million pounds
Therefore, 6.2 million more chicken feet were demanded in 2018 compared to 2008 at a price of $3.00 per pound.
This indicates an increase in demand for chicken feet over the years, as more people developed a taste for it despite the texture being considered strange by some. The higher quantity demanded suggests that the popularity of chicken feet as a dim sum delicacy has grown over time.
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what is meaning of GST
Explanation:
goods and service tax I think that is the answer
do you feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely spontaneous creativity that occurs today, often in areas where new technologies are not expected to exert a great influence.
Countries and businesses require explicit strategies for technological development, according to the current market and business scenario, companies and countries use the most recent and up-to-date technologies.
What is meant by explicit strategies?Explicit strategies for technological development are unnecessary for countries and businesses. They may desire it in order to improve business processes and adapt to new technologies. Explicit strategies are those that are well defined and implemented in order to have clear technological development to the specified business structures. Implicit strategies, on the other hand, tend to confine companies and countries to a specific way of thinking, resulting in more concise technological development. This strategy would aid in simulating innovation and creativity in technological development.Because of the increase in technological advancement and Internet usage, our reliance on technology and its applications has changed in all aspects of our daily lives. Businesses must address the current demands of modern customers and the market, so IT-enabled solutions are required to achieve organizational goals and objectives.To learn more about strategy refer to :
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Yes i feel that countries and companies need explicit strategies for technology development, given the tremendous amount of largely...in areas where new technologies are not expected to exert a great influence.
Give a brief account on technological development.The process of developing new technologies or methods through invention, innovation, and spread is known as technological change (TC) or technological development. In essence, technological change includes the creation of technologies (including processes) and their commercialization or release as open source through research and development (producing emerging technologies), the continuous improvement of technologies (in which they frequently become less expensive), and the dissemination of technologies throughout industry or society (which sometimes involves disruption and convergence). To put it simply, better and more technology are the foundations of technological change. The "Linear Model of Invention," which was once used to illustrate technological change, has largely been abandoned in favour of a model of technological change that incorporates innovation at all stages of research.
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Do you agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year? What about the NBA charging higher single-game prices to nonseason ticket holders? Explain your answers.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
Not really. I do not totally agree with the idea of NBA teams requiring fans to place deposits for season tickets for the following year. The reason is that I think the NBA teams, with the support of the League, are only thinking about their economic interests after the Pandemic.
Something similar happens with the idea of the NBA charging higher single-game prices to nonseason ticket holders. I think that is not fair.
Fans are fans for the love of the game and the passion professed to their teams. They are loyal. They are always supporting the teams. No matter hell or high water. Fans' loyalty is out of the question.
It was not the fault of the fans the way the 2020 season was played. Yes, teams lost money and they are desperate to recover it quickly, but not at the expense of the people's hard-earned money.
True/False :Manager of a software company should promote productivity and sacrifice quality and ethical approach a little bit if needed, because software engineering is a balancing act.
False. The manager of a software company should not promote productivity at the cost of sacrificing quality and ethical approach. In fact, it is the responsibility of the manager to ensure that the company produces quality software that meets the ethical standards.
Software engineering is indeed a balancing act, and the manager must balance productivity, quality, and ethics to ensure the success of the company.
Sacrificing quality and ethical approach in the pursuit of productivity can lead to serious consequences, such as loss of reputation, customer dissatisfaction, and legal issues. Quality and ethics should always be at the forefront of software development, and the manager must ensure that the team understands this.
Furthermore, promoting productivity at the cost of quality and ethics can actually be counterproductive in the long run. Poor quality software can result in increased costs due to maintenance and bug fixes, while unethical practices can harm the company's reputation and drive away potential customers.
In conclusion, while software engineering is indeed a balancing act, the manager of a software company should prioritize quality and ethical approach over productivity to ensure the long-term success of the company.
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To use a credit card responsibly, you should ______________. Question 11 options: pay off the balance in full each month understand your interest rate and how credit works not apply for several credit cards in a short period of time All of the above
To use a credit card responsibly, you should- a. pay off the balance in full each month, b. understand your interest rate and how credit works and c. not apply for several credit cards in a short period of time.
Hence, option d. All of the aforementioned statements are accurate.
Function of a credit card.A credit card is a payment card given to users (cardholders) to allow them to pay a merchant for products and services based on their accumulated debt.
What is Credit card limit?The Credit Limit, also known as the Credit Card Limit, is the maximum sum that a person may charge on their Credit Card.
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are export tariffs illegal in the United States?
Answer:
yes, however, it is legal if congress gives consent.
Explanation:
Article I, § 10, clause 2 of the United States Constitution, known as the Import-Export Clause, prevents the states, without the consent of Congress, from imposing tariffs on imports and exports above what is necessary for their inspection laws and secures for the federal government the revenues from all tariffs on imports and exports. Several nineteenth century Supreme Court cases applied this clause to duties and imposts on interstate imports and exports. In 1869, the United States Supreme Court ruled that the Import-Export Clause only applied to imports and exports with foreign nations and did not apply to imports and exports with other states, although this interpretation has been questioned by modern legal scholars.
Answer:
idk
Explanation:
idk
Many people put aside money to take care of unexpected expenses. If Pedro and Susanna have money to put aside for emergencies, in which of the following forms would it be of LEAST benefit to them if they needed it right away?
If Pedro and Susanna needed the money right away, it would be of the least benefit to them if they had put their emergency savings into a long-term investment or a fixed-term deposit account that has penalties for early withdrawal.
What unexpected expense means?You can refer to expenses as unexpected if you did not anticipate them. An example would be going for your car's inspection and failing because something has to be fixed. This is a cost that you can account for in your budget and savings strategy.
Long-term investments, such as stocks or mutual funds, are typically designed to be held for several years or even decades to maximize returns. Similarly, fixed-term deposit accounts, such as certificates of deposit (CDs), may offer higher interest rates than regular savings accounts but often require that the money be locked up for a specific period of time.
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ALM 811S I st Opp June 2018
Question 3 With the aid of examples, critically evaluate the
strategic role of the following in modern day logistics management:
(a) Reverse Logistics Information Systems (
RLIS and green logistics are two strategic elements of modern-day logistics management. RLIS provides organizations with visibility and control over the reverse logistics process, while green logistics enables organizations to implement sustainable practices and technologies to reduce their environmental impact.
(a) Reverse Logistics Information Systems (RLIS)
Reverse logistics refers to the process of managing the return of products, materials, and equipment from their point of consumption or end-users to their point of origin. RLIS is a technology-based solution that enables the management and coordination of the entire reverse logistics process. It involves the collection and analysis of data related to the reverse logistics process, including product returns, warranty claims, repairs, and refurbishments.
(b) Green Logistics
Green logistics refers to the process of integrating environmental considerations into the logistics management process. It involves the implementation of sustainable practices and technologies to reduce the environmental impact of logistics operations. Green logistics has become increasingly important in modern-day logistics management as organizations seek to reduce their carbon footprint and meet sustainability goals.
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Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
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Unemployment can force the economy into an expansion. True False
Answer:
False
Explanation:
A expansion in economics is the extended amount of goods/services available to buy and if there's unemployment that would mean there would be less of a good or service to buy. So unemployment can force the economy into an expansion is a "false statement" or the second option. What can cause expansion is inflation the increase of cost of a good and service. If you raise the price of goods less people will buy them.
Hope this helps.
Where do temporary account balances go at the end of an accounting period?
Answer:
Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.
Explanation: