"The marketing reasoning by which the business unit aspires to attain its marketing objectives," according to Kotler et al., is the definition of marketing strategy.
What is business ?An organization or enterprising entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit corporations or charitable institutions. Limited liability firms, sole proprietorships, corporations, and partnerships are among the several types of businesses.
A business purpose reveals the driving force behind a company's establishment. It describes the company's objectives as well as what makes it unique. A mission statement and a value statement are both much longer than a company purpose.
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dakota, inc. is a merchandiser of medallions. the company sold units during the year. the company has provided the following information:
$558,800 was the sales revenue, whereas $280,000 was spent on purchases (freight in excluded), $66,000 was spent on selling and administrative charges, 13,000 was spent on freight in, 52,000 was the beginning inventory, and 54,900 was the ending inventory. What is the selling price for a product per unit?
The cost to sell is $19.21.
The following formula is used to determine each item's unit cost:
starting stock of goods $52,000
Include: Purchases and freight total $290,000 ($280,000 plus $13,000).
Goods ending inventory fell by $54,900.
the $290,100 price of the goods that were sold
Currently, the cost of goods sold per unit is $277,100 divided by 15,100, which equals $19.21.
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bleak present, bright future: online episodic future thinking, scarcity, delay discounting, and food demand
Bleak present, bright futureis in food demand.
Food Demand
By 2050, the demand for food is anticipated to rise by anywhere from 59% to 98%. As a result, agricultural markets will take on new forms. Farmers all throughout the world will need to enhance crop production, either by adding more area for farming or by improving productivity on already-existing land using irrigation, fertilizer, and innovative techniques like precision farming. However, increasing the amount of land cleared for agriculture frequently comes with significant ecological and socioeconomic costs, especially in the tropics. Additionally, agricultural yields are now expanding too slowly to keep up with the anticipated demand for food. Crop yields are the quantity of crops gathered per unit of farmed area.
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research shows that 90% of consumers use the web to search for local businesses. what marketing strategy would best increase the success of their business?
Pay for an advertisement marketing strategy would best increase the success of their business.
An advertising and marketing approach is the sum general of a company's outreach efforts to build emblem cognizance and force sales; those desires can consist of introducing new merchandise, priming sales conversion costs, gaining social media subscribers, getting access to a target market, and attracting current clients.
The four playstation are a “advertising blend” created from 4 key factors—product, price, place, and advertising—used whilst advertising a products or services. typically, businesses take into account the four ps while developing marketing plans and techniques to effectively market to their audience.
Every enterprise must have an advertising approach, no exceptions. advertising results do not just take place with the aid of hazard. growing a method ensures you're concentrated on the proper people, with relevant content material that appeals to them. The greater time you spend developing a clean method, the extra possibilities you create to promote.
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if the market elasticity of demand for potatoes is -0.3 in a perfectly competitive market, then the individual farmer's elasticity of demand
If the market elasticity of demand for potatoes is -.3 in a perfectly competitive market, then the individual farmer's elasticity of demand will be infinite.
What are elasticity and examples?
Elasticity is the ability of an object or material to return to its normal shape after being stretched or compressed. For example: Rubber is elastic and will return to its original shape if stretched for a long time.
What are the 4 types of elasticity?
There are four main types of elasticity of demand: price elasticity of demand, cross elasticity of demand, income elasticity of demand, and advertising elasticity of demand.
How would you describe elasticity?
Elasticity is an economic concept used to measure the change in aggregate demand for a good or service relative to movements in the price of that good or service. A product is said to be elastic if the quantity demanded of the product changes disproportionately as the price of the product rises or falls.
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how did the development of irrigation systems improve living conditions? it made people less dependent on trade. it made people less dependent on trade. it gave people a surplus of food. it gave people a surplus of food. it made people switch from hunting to herding. it made people switch from hunting to herding. it allowed people to move out of town onto farms.
Correct answer is B. The development of irrigation systems improve living conditions it gave people a surplus of food.
As a result, they were able to exchange their excess for other necessities with nations who lacked food but possessed other items or technologies. Since there was a surplus, they didn't suffer because they already had enough food for themselves.
Why did irrigation become a significant advancement?People became less reliant on commerce as a result. People became less reliant on commerce as a result. the folks received a plenty of food. the folks received a plenty of food. People began herding instead of hunting as a result. People began herding instead of hunting as a result. It enabled people to relocate from cities to farmland.
Irrigation enhances agricultural growth and quality in regions with erratic precipitation. Irrigation also contributes to more constant food supply by enabling farmers to plant crops on a regular basis. Irrigation was an activity that many ancient civilizations throughout the world engaged in.
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what principle of corporate governance requires that organizations develop a code of conduct for their directors and executives?
The Belmont Report outlines three fundamental ethical standards that should be followed when doing research on human subjects. Respect for others, goodness, and fairness are these.
What are corporate governance and code of conduct?The code of conduct can be viewed as a tool for corporate governance because it outlines the obligations of the company to stakeholders and requires top executives to follow particular rules when using their authority both inside and outside the organization.
Public personnel and officials must always be answerable to the public, carry out their tasks with the highest care, competence, devotion, and patriotism, live humble lives, and put the needs of the public before their own.
Accountability is provided through ethics between the public and the government. Accountability is provided through ethics between the public and the government.
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growing personal wealth and corporate profitability made sustainability a valued and viable competitive strategy that influences operations management.
The plan, source, make, and deliver procedures were initially included in the SCOR framework, which eventually included the return and enable phases. This framework was created to assist standardize the vocabulary used to explain supply chain management.
What is Supply chain management?Supply chain management (SCM) refers to the control of the movement of products and services between establishments in the commercial world. This can involve the transportation and storage of raw materials, inventories for work-in-progress and finished goods, as well as the entire order fulfillment process from the point of origin to the place of consumption. The products and services that end consumers in a supply chain require are provided via networks, channels, and node companies that are interconnected, interrelated, or linked together.
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"is a practice concerned with increasing awareness, fostering learning, speeding collaboration and innovation, and exchanging insights."
Knowledge management is a practice concerned with increasing awareness, fostering learning, speeding collaboration and innovation, and exchanging insights.
Knowledge management is the gathering of strategies relating to creating, sharing, using and coping with the expertise and records of an enterprise. It refers to a multidisciplinary method to gain organizational goals by way of making the exceptional use of knowledge.
What's the primary purpose of knowledge management?
The reason of the knowledge management system is to proportion perspectives, ideas, enjoy and information; to ensure that those are available inside the right place on the proper time to enable knowledgeable selections; and to enhance performance through decreasing the want to rediscover knowledge.
What's the manner of knowledge management?
The knowledge management process explains how understanding is captured, curated, added, and optimized in an organization. The knowledge management process is critical to ensuring that employees and customers have get right of entry to to information they need after they need it.
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hr still believes that the cause of decreased production is the absence of incentive pay. which recommendation should the hr manager include in a business case for an incentive pay program that would convince leaders while rebuilding hr’s credibility?
Analyze information on the organization's size, industry, location, mission, strategy, goals, and talent availability. The right response is C because it takes into account the crucial elements of pay strategy development in the firm's market and helps the company determine whether to outperform, compete with, or trail its rivals.
Managers use strategy to accomplish one or more of the organization's goals. A overall direction established for the business and its numerous parts to achieve a desirable condition in the future is another definition of strategy. The process of meticulous strategic planning yields strategy.
The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic. For instance, business A's strategy can seek to enter the smartphone market as the least expensive supplier. Then, their management must bargain with suppliers to lower the prices of the electronic components used in manufacturing.
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In 2019, buckeye brewing produced 1,000 bottles of beer each day. It employed 10 workers each working 8 hours a day. In 2020, it produced 960 bottles of beer each day. In that year, it employed 8 workers who worked 8 hours each day. Productivity at buckeye brewing.
Productivity at buckeye brewing is increased by 20%.
What is productivity?Productivity is a way of thinking and a condition of being. Being effective entails acting in every situation as we actively choose to and not as we feel pressured to by external factors. Being productive requires adopting a mindset of constant development.
Why is productivity important?Since 1947, productivity gains have allowed the U.S. corporate sector to generate nine times more goods and services with only a little increase in labour hours. A growing economy can create and consume more products and services for the same amount of labour thanks to increases in productivity.
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kellner motor co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. kellner's dividend is expected to grow at a constant rate of 7.00%. what was the last dividend, d 0
Required Return Ke 12.50%
Stock Price P 25
Growth Rate g 6%
Find: D0
How to Know Gordon's Growth P= D0(1+g)/(Keg)
Put Known Variables into Equation 25 = D0(1.06)/(0.125-0.06)
D0(1.06) = 25*(0.125-0.06)
D0 = 25*(0.125-0.06)/(1.06)
= 1.533018868.
Stock (also called share capital) is the shares into which the ownership of a company or business is divided. (Especially in American English, the word "shares" is also used to refer to shares.)
One share of stock represents a partial ownership interest in the company in proportion to the total number of shares.
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spock enterprises has a market value of $100 million in debt outstanding. they also have a market value of equity of $400 million. spock's total market value is
Spock's total market value is $500 million. Market capitalization and market value of equity both refer to the entire dollar amount of a company's equity.
What is the market value of a firm?Market value, also known as market capitalization, is the company's worth as determined by the entire market value of its outstanding shares. Since market value includes profitability, intangibles, and potential for future growth, it typically exceeds the book value for a company.
The market value of a company is determined by adding the market values of all outstanding instruments, which include debt, preferred shares, and common shares. Comparing the market value of capital (equity) to the adjusted value of capital yields this measurement (equity). Spock's total market value is $500 million.
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on june 30 the company lent its chief financial officer $22,000; principal and interest at 8% are due in one year.
Principal and interest at 8% are due in one year is :
22,000 cash
22,000 note receivable
Principal and Interest
The principal is the amount of money borrowed when you first get your home loan. Simply deduct your down payment from the final selling price of your home to calculate your mortgage principal. The most crucial aspect in determining how much house you can afford is your principal. The principal you borrow accrues interest as soon as you withdraw it.
Interest is the second largest component of your monthly mortgage payment. Interest is money paid to your mortgage lender in exchange for a loan. The annual percentage rate is used by most lenders to assess and decide your mortgage rate (APR). The annual percentage rate (APR) is the amount of interest you pay on your loan each year.The interest rate on your loan is determined by a number of factors. Your credit score, income, down payment, and home location can all have an impact on how much interest you pay.
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a bank developed a model for predicting the average checking and savings account balance as balanceageyears educationhousehold wealth. a. explain how to interpret the numbers in this model. b. suppose that a customer is years old, is a college graduate (so that years education), and has a household wealth of $. what is the predicted bank balance?
If a bank developed a model predicting the average checking and savings account. The predicted bank balance is: $32,212.
Predicted bank balanceUsing this formula
Predicted bank balance= -$17,732 + $367 ( age) + $rdesawq1300 (years of education) + 0.116 (household wealth)
Let plug in the formula
Predicted bank balance=-$17,732 + $367 (32) + $1300 (16) + 0.116 ($150,000)
Predicted bank balance=-$17,732 + $11,744 + $20,800 + $17,400
Predicted bank balance= $32,212
Therefore If a bank developed a model predicting the average checking and savings account. The predicted bank balance is: $32,212.
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The complete question is:
A bank developed a model predicting the average checking and savings account as balance = -17,732 + 367 ( age) + 1300 (years of education) + 0.116 (household wealth). Suppose that a customer is 32 years old, is a college graduate (so that years education = 16), and has a household wealth of $150,000. What is the predicted bank balance?
Why would you NOT select water EVERY time you were offered a choice between water and diamonds?
Water is more valuable than diamonds, both physically and financially
The use value of diamonds is higher than the use value of water the longer you walk
The utility of water decreases after your basic needs are met
The water will expire by the time you get to the next booth
Which of the following statements about decision-making is most helpful?
Select the choice with a higher use value over exchange value to maximize benefits
Consider the utility and opportunity cost given the context of a situation before making a choice
Stick to the choice that worked the first time, as it will always prove effective each time
Select the choice with a higher exchange value over use value to maximize benefits
Diamonds would lose it value
Acme corp. Is adopting a strategic focus for fulfilling the economic, legal, ethical, and philanthropic social responsibilities that its stakeholders expect of it. This best describes _______.
Acme corp. Is adopting a strategic focus for fulfilling the economic, legal, ethical, and philanthropic social responsibilities that its stakeholders expect of it. This best describes marketing citizenship
Marketing citizenship is embracing a strategic approach for fulfilling the legal, ethical, economic, and philanthropic social obligations intended of groups by their stakeholders, those people who have a claim or stake, in some element of the company's operations, markets, products, industry, and outcomes. Companies have an economic responsibility to be profitable in order to provide a return on their investments to their stockholders, create jobs in the community, and contribute goods and services to the economy. Marketers must also follow laws and regulations.
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a competitive advantage is a feature of a product or service on which blank place a greater value than they do on similar offerings from competitors.
The reply is correct.
An advantage over competitors is what?
In order to provide goods or services better or more affordably than its competitors, a corporation must have a competitive advantage. These elements enable the productive unit to produce more sales or higher margins in comparison to its competitors in the market. The same product or service is offered with competitive advantages, either at a cheaper cost or with added value that might command a higher price.
POINTS TO NOTE
A company's ability to outsell its competitors through the use of a competitive advantage makes its goods and services more appealing to consumers.
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based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed costs of $30,000, and income of $36,000. based on this information, the budgeted amount of contribution margin for 20,000 units would be: multiple choice $60,000. $99,000. $150,000. $66,000. $72,600.
The budgeted amount of contribution margin for 20,000 units would be: $30,000
Fixed costs remain constant for all production levels within the relevant range.
Contribution margin, or dollar contribution in keeping with the unit, is the selling price consistent with the unit minus the variable cost according to the unit. "Contribution" represents the portion of sales that isn't fed on by variable fees and so contributes to the insurance of constant expenses.
“Contribution" margin indicates the mixture amount of revenue to be had after variable expenses to cowl constant charges and offer profit to the organization,” Knight says. you would possibly think of this because of the part of income that enables to offset constant prices.
The closer a contribution margin percentage, or ratio, is to a hundred%, the better. The better the ratio, the more money is available to cover the commercial enterprise's overhead expenses or fixed fees. but, it's more likely that the contribution margin ratio is well below one hundred%, and probably under 50%.
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2.1.1
Price (R)
5
10
15
20
25
30
Quantity demanded
60
55
40
30
25
15
Quantity supplied
10
20
25
30
45
50
Draw a demand and supply curve on the same axis by using the
information in the above schedule. Remember to label your graph,
provide a heading and indicate the equilibrium.
(7)
Here, the equilibrium price is at 25.
In economics, the relationship between the quantity of a good or service that producers want to sell at different prices and the amount that consumers want to buy is known as supply and demand. It serves as the primary model for determining prices in economic theory. The combination of supply and demand in a market determines the price of a good. The final price is known as the equilibrium price and signifies a compromise between the good's producers and customers.
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as negotiation occurs between buyers demanding products and sellers supplying products, the price will be determined in the long run.
As negotiation occurs between buyers demanding products and sellers supplying products, the market price will be determined in the long run.
This is further explained below.
What is the market price?Generally, The current value at which a product or service may be bought or sold on the market is referred to as the market price.
The supply and demand factors are what determine the market value of an item or service.
The market price is the price at which the amount of an asset or service that is offered matches the quantity that is desired.
In conclusion, In the long run, the market price will be decided upon via the process of bargaining that takes place between buyers who need items and sellers who provide them.
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true or false: three items needed to calculate future value include: principal, length of time, and annual interest rate.
It is a true statement that the three items needed to calculate future value include: principal, length of time, and annual interest rate.
What is future value?It means the value of a current asset at a future date based on an assumed rate of growth.
This measure is important to investors as they use it to estimate how much an investment made today will be worth in the future.
In the calculation, it is a true statement that the three items needed to calculate future value include: principal, length of time, and annual interest rate.
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Which approach to estimating is usually coordinated by a project manager/office and is a roll up of individual estimates from work breakdown structure elements?.
Top-Down estimating exists usually coordinated by a project manager/office and stands a roll-up of individual assessments from work breakdown structure elements.
What is Top-down estimating?Top-down estimating is a method of breaking down a project or budget into more manageable parts after first analyzing it as a whole. Top-down professionals create a project's broad plan or budget without specifying the specifics. These experts would then distribute the project budget or plan to others who could more effectively assess the expenses or specifics of the plan.Managers, investors, and other key decision-makers or stakeholders are the most frequent users of top-down estimating in a corporation. A top-down approach allows primary stakeholders within a business to plan projects with ambitious scopes while delegating details to others with more knowledge of the project specifics.
Hence, Top-Down estimating exists usually coordinated by a project manager/office and stands a roll-up of individual assessments from work breakdown structure elements.
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if two parties settle after they've received notification of their share of cleanup responsibility, the adeq will provide them with a discount.
Settlements – In order to give a favorable alternative to litigation, ADEQ is permitted to pay a 25% reduction to responsible parties who settle after being notified of their fair share of liability.
What is ADHQ ?
ADHQ is a Windows desktop program that simplifies Active Directory management by providing an award-winning set of tools for basic administrative operations. Administrators can conduct bulk modifications to Active Directory objects from ADHQ's home page, or they can use ADHQ's acclaimed reporting engine to get crucial network statistics. Alternatively, use the security view to find security holes and swiftly correct any issues discovered with ADHQ's Search & Replace tool.
ADHQ Enterprise meets this requirement through highly configurable profiles that allow you to decide who can use ADHQ and what actions they can accomplish with it.
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Word count - 132 words
which of the ofllowing cases will result in the largest decrease in equilibrium price the largest change in euqilibrium qwuantiity verify your answeres by derawing grapohs
Demand is highly inelastic; there is a relatively large increase in supply will result in the largest decrease in equilibrium price. Option A
This is further explained below.
Which of the following cases will result in the largest decrease in equilibrium price?Generally, Highly inelastic indicates a rise in price lowers the amount requested by a reduced proportion. Raises in supply reduce quantity price and increase equilibrium quantity.
Highly elastic demand indicates a slight rise in price and lowers the quantity requested by a larger percentage.
In conclusion, Demand is quite inelastic, hence a relatively significant increase in supply will result in the greatest fall in equilibrium price. This is because there is a comparatively large rise in supply. Alternative A
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CQ
Which of the following cases will result in the largest decrease in equilibrium price? The largest change in equilib- rium quantity? Verify your answers by drawing graphs. a. Demand is highly inelastic; there is a relatively large increase in supply b. Demand is highly elastic; there is a relatively small increase in supply. c. Supply is highly inelastic: there is a relatively small decrease in demand. d. Supply is highly elastic and demand is very inelastic; there is a relatively large increase in supply
organizational is the process by which managers create an organizational structure and culture that helps a company operate in the most efficient and effective way.
Organizational design is the process by which managers create an organizational structure and culture that helps a company operate in the most efficient and effective way. Thus, option A is correct.
What is organizational structure?An organizational structure is a framework that specifies how specific tasks are going to be carried out and which is done to fulfill the aim that the firm has set.
It is a duty or responsibility of a manager of the company or a form to set up a state in which the company can work in a more efficient and effective manner.
This should be considered some all the perspectives, from resources to the needs of the employee. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Organizational ________ is the process by which managers create an organizational structure and culture that helps a company operate in the most efficient and effective way.
A) strategy
B) policy
C) design
D) tactics
to maximize total revenue, the airline should charge $400 to both groups. $400 to leisure travelers and $500 to business travelers. $500 to leisure travelers and $400 to business travelers. $500 to both groups.
To maximize overall revenue, the airline has to price $400 for each organizations. $400 to entertainment vacationers and $500 to commercial enterprise vacationers. $500 to leisure travelers and $four hundred to commercial enterprise vacationers: is inelastic.
Rate elasticity consistent with mid point approach = [(Q2-Q1)/(Q2+Q1)/2]/[(P2-P1)/(P2+P1)/2]
For leisure travelers:
= [(50-100)/(50+100)/2]/[(500-400)/(500+400)/2]
= (-50/one hundred fifty)/(one hundred/900)
= -three
change in revenue = New sales - antique revenue = 50*500 - one hundred*four hundred = -15000
therefore, the call for is elastic
For business travelers:
= [(90-100)/(90+100)/2]/[(500-400)/(500+400)/2]
= (-10/one hundred ninety)/(a hundred/900)
= -zero.forty-seven
trade in revenue = New sales - antique sales = 90*500 - a hundred*400 = 5000
therefore, the call is inelastic.
Revenue is the entire quantity of earnings generated by the sale of goods or offerings related to the employer's number one operations. revenue, additionally referred to as gross income, is frequently known as the "pinnacle line" because it sits on the pinnacle of the profits assertion. income, or net income, is a corporation's total profits or income.
Sales are also recognized definitely as "sales", do not deduct any expenses or prices related to running the business. income is the number of profits that stays after accounting for all expenses, money owed, extra income streams, and operating fees.
Your annual sales are the amount of cash your organization earns from income over a year; it does not consist of prices and prices. To calculate your annual revenue, you multiply the amount of each product you offered by means of its sale charge, and then add every product's annual income to determine your gross annual sales.
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added value is the maximal value created by all participants in a transaction minus the value of the top participant. true false
The maximum value produced by all parties to a transaction, less the value of the top participant, is the added value. The claim is untrue.
Maximum Transaction Amount is the total of I the total initial purchase price of mortgage loans covered by the Purchase Facility and the total aggregate purchase price for purchased assets subject to Transactions at any given time.
What does "value of transaction" mean?
The price that will be paid or is actually paid for imported goods when they are sold for export to the EU's customs territory is referred to as transaction value. The computation is based on the purchase price, which must be modified in the absence of any material circumstances.
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globalization has been driven by five major factors: political, technological, market, cost, and competitive. business has fueled these trends and has been the beneficiary of these trends. understanding these trends helps businesses develop strategies and tactics to accelerate these trends. understanding globalization trends helps businesses identify opportunities and threats in their environment. understanding these trends will also make the changes much more manageable. international businesses have greater flexibility, more options, and a broader scope to consider globalization of production and globalization of markets.
Globalization is the process by which thoughts, knowledge, statistics, goods and services unfold round the world.
In enterprise, the time period is utilized in an economic context to explain integrated economies marked via free alternate, the loose drift of capital amongst nations and smooth get right of entry to to overseas sources, including labor markets, to maximize returns and advantage for the commonplace right.
In a globalized economy, countries specialize in the products and services they have a competitive gain in. This typically way what they could produce and offer most effectively, with the least quantity of assets, at a lower fee than competing nations. If all nations are focusing on what they do pleasant, production need to be extra efficient global, prices have to be lower, economic growth widespread and all countries need to gain -- in principle.
Guidelines that promote free trade, open borders and worldwide cooperation all pressure economic globalization. They enable groups to access lower priced raw materials and elements, take gain of lower cost labor markets and access large and growing markets around the world in which to sell their goods and services.
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an organization exists not only to satisfy customer wants and needs but also to preserve or enhance individuals’ and the community’s long-term best interests.
Societal marketing orientation is the belief that an association exists not only to satisfy consumer wants and requirements and to meet administrative objectives but also to maintain individuals' and community's long-term best appeals.
What is the greatest goal and result of being a market-oriented organization?The ultimate goal of most market-oriented firms is profitability which results from fulfilling the wants and needs of its consumers. The societal marketing concept believes society's long-term best attractions along with the satisfaction of customers' wants and needs. Meeting consumer needs is crucial for any business examining to retain and attract new customers.
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which role is a central bank least likely to assume? a. lender of last resort. b. sole supervisor of banks. c. supplier of the currency.
The sole supervisor of banks is the role that the central bank is least likely to assume.
A central bank, reserve financial institution, or economic authority is an organization that manages the foreign money and economic coverage of a country or formal monetary union and oversees its industrial banking machine. In contrast to a commercial financial institution, a central financial institution possesses a monopoly on increasing the financial base.
Central banks are liable for overseeing the economic gadget for a state, at the side of a wide variety of other responsibilities, from overseeing economic policy to enforcing specific dreams along with foreign money balance, low inflation, and complete employment.
The Federal Reserve, or different principal financial institutions, normally acts as the lender of remaining into banks that no longer have another available way of borrowing, and whose failure to obtain credit scores might dramatically affect the economy.
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