A distribution channel is a network of companies or middlemen that goods and services travel through before they are delivered to the final customer, including producers, warehouses, shipping hubs, retailers, and the internet relationship.
It aids in mutual strategy understanding among supply chain participants relationship.It assists supply chain participants in identifying potential issues. It enables supply chain participants to customize their responsibilities inside the network. A dispute could arise between the toy maker and the wholesaler in charge of shipping to retailers if the manufacturer learns that their products are arriving at retail locations later than expected relationship. When it comes to the receipt, processing, storage, and distribution of commodities, distribution centers are designed to improve efficiency, which results in less money being wasted on paying for temporary storage, handling stockouts customer or losing clients as a result of incomplete or delayed orders. By making Stan's items available when customers want to buy them, intermediaries can save customers time. The most straightforward distribution channel is level zero. There is no middleman involved; sales are made directly to consumers from manufacturers. Level One: Between the producer and the customer, there is just one intermediary in a level one channel.
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My business is a pharmacy, what if I compare my pharmacy to a regular store that owns medicines but doesn't work the same as a pharmacy.
And describe how it similar to my pharmacy
state how these two trends have affected and impacted this start-up business.
Answer:
Explanation:
To remain competitive in providing premium healthcare services amid increasing competition, pharmacies must recognize and respond to certain changes likely to influence their market. Look for the following key trends that will define the market over the coming year and beyond.
These trends are classified as consumer-related and industry trends and are not new. They have emerged over a long period and will continue for the foreseeable future.
Consumer-related trends:
Rising expectations
Ageing population
Increase in chronic diseases
Consumerization-Consumers increasingly want to be involved in making decisions about their healthcare.
what u should do:
Engage and empower consumers. Educate them, provide information, coach them, and give patients choices and control.
Adoption/use of technology-Consumers of all ages increasingly uses technology in their daily lives.
Industry trends:
Reimbursement/margins
Consolidation
Preferred networks
Speciality drugs
Labour market
Staying competitive in today’s market requires understanding the major trends shaping the industry. Understanding these trends then means developing clinical, financial and marketing strategies to stay ahead of the curve and to differentiate your pharmacy.
adding
environmental trends
the pharmaceutical industry has begun to notice the detrimental impact pharma products have on the environment on a global scale.
Pharmaceutical products enter the environment at various stages of their life cycle, particularly during the production phase. One of the main threats is that discharging antibiotics into the environment can promote the natural development of antibiotic-resistant pathogens that are harder to treat.pharma pollution more directly and seriously affects those living near production plants whose water and food sources are contaminated with waste pharma products.The pollution of pharma products into the environment also adversely affects animals, particularly fish living in contaminated water. For example, a report published in the science journal Nature in 2009 noted that ‘many of Europe’s rivers are home to male fish that are ‘intersex’ and so display female sexual characteristics, including female reproductive anatomy. Some males also produce vitellogenin, a protein normally found in eggs that can be induced in males by hormone exposure’.social trends
There is an immediate need for pharmaceutical companies to regard the social environment as the key strategic issue in long-range planning due to the pervasiveness of social influence. Through perceptions of need, society can influence resource allocation and exercise public control over most facets of innovation, production, distribution and marketing of drugs and the funds available by controlling prices and profits. Unfortunately, a recent attitude study on the future of the multinational pharmaceutical industry indicates that a low level of impact is accorded to the Social Environment.The Social Environment of the future can only be evaluated successfully by utilizing effective social forecasting techniques.Unless the Social Environment is regarded as the central strategy issue and effective social forecasting techniques are adopted there is a very real danger that a socially and economically valuable industry will be progressively less able to meet its commitment to contribute effectively to the future well-being of society.what are the pre-shift and post-shift equilibrium prices for a sandwich? will an increase in quantity supplied at every price always result in a lower equilibrium price, why?
Yes, an increase in quantity supplied at every price always results in a lower equilibrium price due to the law of supply.
The law of supply is the law of microeconomics that, all other factors being equal, when the price of a good or service increases, the quantity of the good or service offered by the supplier increases and vice versa.In the law of supply, suppliers try to maximize their profits by selling more commodities when their prices increase.According to the law of supply, the higher the price, the more the producer will put on the market.When a company strives to make a profit, expecting a higher price for something will make it produce more.If prices fall in the meantime, suppliers will be discouraged from producing so much.Market supply can be represented as a rising supply curve that shows how supply responds to different prices over a period of time.Together with demand forms one-half of the law of supply and demand.hence, when an increase in quantity supplied at every price always results in a lower equilibrium price due to the law of supply.
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the manager at a music shop notices that more trombones are repaired on the days when alex and jasmine work the same shift. after some investigation, the manager discovers that alex is excellent at fixing slides, and jasmine is great at shaping mouthpieces. working together, alex and jasmine repair trombones faster. the manager is happy to have discovered this relationship and decides to always schedule alex and jasmine for the same shifts. in this scenario, the manager used which quality of analytical thinking?
As the manager is happy to have discovered this relationship and decides to always schedule alex and jasmine for the same shifts, the manager used the quality of analytical thinking known as an Correlation.
What is an Analytical skill?Basically, an analytical skill refers to the ability to deconstruct information into smaller categories in order to draw conclusions. Its consists of some categories that include logical reasoning, critical thinking, communication, research, data analysis and creativity.
Most time, an analytical skill are taught in contemporary education with the intention of fostering the appropriate practise for future professions. Some of the professions that adopt an analytical skill include educational institutions, public institutions, community organisations, industry etc.
From an analytical skill, an analytical thinking tells about ability to tackle complicated issues by evaluating information one have gathered and organized. These thinking skills are critical in the workplace and it is essential for gathering data, solving complex problems, making rational decisions etc.
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sonal and preeti started working on a project and they can complete the project in 30 days. sonal worked for 16 days and preeti completed the remaining work in 44 days. how many days would preeti have taken to complete the entire project all by herself?
The number of days it would take Preeti to complete the entire project all by herself is equal to 60.
The number of days Preeti would take to complete the entire project all by herself can be calculated by using an algebraic expression.
If we consider that there are 30 units of work overall, then
Efficiency of Preeti + Efficiency of Sonal = 1
If we consider the efficiency of Sonal = x
Then the efficiency of Preeti = 1 - x
As Sonal worked for 16 days;
Total Work left = 30 - 16x
Now the efficiency of both can be calculated as follows;
Days in which Preeti completed the remaining work = Work left ÷ efficiency of Preeti
44 = 30 - 16x ÷ 1 - x
44 (1 - x) = 30 - 16x
44 - 44x = 30 - 16x
14 = 28x
x = 14/28 = 1/2
Therefore, efficiency of Sonal = 1/2
efficiency of Preeti = 1 - 1/2 = 1/2
Now we can calculate the number of days Preeti would have taken to complete the entire project all by herself as follows;
Days Preeti would have taken = Total work ÷ efficiency of Preeti
Days Preeti would have taken = 30 ÷ (1/2) = 60 days
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a company must make a volume trade-off decision when they blank . multiple select question. must trade off units of one product for units of another due to limited production capacity have excess capacity that is not currently being utilized do not have enough capacity to satisfy the demand for all of its products
A company must make a volume trade-off decision when they have limited production capacity.
What is trade-off?
A trade-off (or tradeoff) is indeed a situation - specific decision involving the reduction or elimination of one quality, quantity, or property of a set or design in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decrease. Tradeoffs arise from a variety of constraints, including simple physics - for example, only a certain volume of objects can fit into a given space, so a filled container must eliminate some items before accepting any more, and vessels can carry a few large items or multiple small items. Tradeoffs can also refer to different setups of a single item, such as tuning the strings on a guitar to allow for different notes to be played, or allocating time and attention to different tasks.
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a small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. since all of its systems are new, the company plans to begin the contract in year four and continue through year ten. the cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. the present worth of the contract is nearest to: a) $6,605 b) $10,395 c) $14,604 d) $18,081
A small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. Since all of its systems are new, the company plans to begin the contract in year one and continue through year ten. The cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. The present worth of the contract is nearest to $18,080.71.
This can be computed by using the formula for calculating the present value of an ordinary annuity as follows:
PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value or worth of the contract?
P = yearly cost of the contract = 3,200
r = annual rate of return = 12%, or 0.12
n = number of years = 10
Substitute the values into equation (1) to have:
PV = $3,200 × [{1 - [1 ÷ (1 + 0.12)]^10} ÷ 0.12]
PV = $3,200 × 5.65022302841087
PV = $18,080.71
Therefore, the present worth of the contract is nearest to $18,080.71.
An annuity that has its cash flows or payments made at the end of the period is referred to as an ordinary annuity. A typical annuity of $100 annual cash inflows for five years looks like this: At the conclusion of years 1 through 5, the cash flows take place. At the conclusion of year 1, there is also the first cash flow.
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state materials, inc. changed from the fifo method of costing inventories to the weighted average method during 2021. when reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Depending on how prices develop during 2021, there will either be an increase or decrease.
What is the FIFO method of inventory valuation?First in, first out (FIFO) is an uncomplicated approach of inventory valuation based on the presumption that commodities acquired or created first are sold first. This implies that older inventory is distributed to customers before fresh inventory, in theory. Even if there have been recent changes in expenses, the cost of goods sold (COGS) of the oldest inventory is used to assess the value of ending inventory.
You must determine COGS at the conclusion of the accounting period or fiscal year because ecommerce inventory is regarded as an asset. Your balance sheets and inventory write-offs are impacted by ending inventory value. Recent merchandise often costs more than older inventory due to inflation.
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The complete question is given below :
State Materials, Inc. changed from the FIFO method of costing inventories to the weighted average method during 2021. When reported in the 2021 comparative financial statements, the 2020 inventory amount will be:
Decreased.Increased.Increased or decreased, depending on how prices changed during 2021.Unaffected.if a country raises its budget deficit, then its a. net capital outflow falls and net exports rise. b. net capital outflow and net exports rise. c. net capital outflow and net exports fall. d. net capital outflow rises and net exports fall.
If a country raises its budget deficit, then its net capital outflow and net exports fall.
What is budget deficit?
When spending surpass income, a deficit budget is said to have occurred, and it is a sign of sound finances. This phrase is typically used by the government to refer to its expenditures instead of things or people. The national debt is made up of accumulated government deficits.
A budget deficit may result in increased borrowing, greater interest costs, and insufficient reinvestment, all of which reduce revenue for the next year. A budget surplus is the polar opposite of a budget deficit.
Naturally, a stronger exchange rate makes it more challenging for exporters to sell their products overseas while lowering the cost of imports, leading to a trade deficit—or a smaller trade surplus—as a result. A trade deficit, a stronger currency, and an inflow of foreign financial capital are all likely outcomes of a budget deficit.
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what is a reason a company would want its own warehouse? multiple choice to fulfill its large warehousing needs internationally to provide customers with more control over their goods to avoid the special handling of goods that public warehouses provide to avoid having total control over distribution to avoid paying high fixed costs for public warehouse maintenance
A reason that a company might want to own a warehouse is to provide customers with more control over their goods.
We can describe a warehouse as a large place where goods can be stored. If a company has a warehouse, then this means that it can store extra products in the warehouse and provide them to customers whenever needed.
A warehouse can increase the sales of a company as increased products mean increased sales. A warehouse helps in the management of sales chain development.
A warehouse means that the customers can have a grip of their goods and can store their products.
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Mike owns swibel trucking, a successful trucking business, as a sole proprietor. After many successful years in business, one night he decides he wants to change his business to a partnership so that he can share the burden and devote more time to pursue his hobby of duck watching full time. What steps must he take to change the type of business entity to a partnership?.
Mike is not allowed to change the type of business entity to a partnership. It is because none as a sole proprietor can convert to another business form at the proprietor's will.
A partnership can be defined as a form of business where two or more people share ownership. In a partnership, the people who is involved in there have a responsibility for managing the company and the income or losses the business generates. There are some characteristics from partnership, such as:
Partnerships have sharing of profits and losses.Partnerships have mutual agency.Partnerships have unlimited liability.Partnership have lawful business.Partnership have contractual relationship.Learn more about partnership here https://brainly.com/question/19988417
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when a firm attempts to determine whether the product will perform according to its design and whether it satisfies the need for which it was intended, it partakes in
Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed.
What is Alpha testing?Alpha testing is used by the company to assess whether the product will perform according to its design and whether it will meet the requirement for which it was designed. Alpha testers examine the inner workings of the technology, a process known as; white box testing. Participants in alpha tests are often engineers with the requisite skills to provide developers with technical comments and recommendations on how to fix what's broken.
Products often go through multiple phases of testing before being released to the general public. The alpha test phase is inextricably linked to proof of concept initiatives. The practice of distinguishing internal testing from customer-facing testing by using the first two letters of the Greek alphabet started in software development, but the labels are now used by product engineers across many sectors.
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are names of terminated employees reported in writing to the payroll department? are authorizations for deductions signed by the employee on file? is there a timekeeping department (function) independent of the payroll department? are timekeeping and cost accounting records (such as hours, dollars) reconciled with payroll department calculations of hours and wages?
Yes, the names of terminated employees are reported in writing to the payroll tax because it is really important to let the payroll department know on what basis the employee has been suspended or terminated.
It is true, that authorizations for deductions are signed by the employee because it is important as well as necessary to deduct some amount of the employees salary and to avoid the future conflicts, a written approval is taken from the employee.
Yes, time keeping and cost accounting records are reconciled with payroll department calculations but it may contain more or fewer dollars than actually paid as per payroll data.
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Who prioneered a manufacturing method based around the principle of take the work to the man, not the man to the work?.
The belt is boss, as one worker put it, or as Ford said in 1925, "the point is to keep everything in motion and convey the job to the man not the work to the man." The former method required 14 hours to assemble a Model T in 1913.
Explain about the manufacturing method?A business constructs or produces a product is through a manufacturing process. Using computers, robots, and cloud-based technologies, it can be a complex process involving a variety of machines, tools, and equipment with several levels of automation.
Manufacturing is the process of creating products—either manually or mechanically—that the company then sells to a client. Rough materials or smaller portions of a larger product are both examples of items utilized in manufacturing.
Manufacturing is the process of creating new goods from components or raw materials. Automotive businesses, bakeries, shoemakers, and tailors are all examples of manufacturing because they all produce goods rather than provide services
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What does insurance give you if you buy something expensive?
A: Protection
B: A certificate of ownership
C: Money
D: Financing
Answer:
D
Explanation:
most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless the items are covered by additional insurance. if $4,470 worth of jewelry and $3,660 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
The claim amount is $4,630, which is not covered by insurance.
What is claim amount?The sum payable at the maturity of an insurance policy or upon the death of the person insured to the beneficiary, nominee, or legal heir of the insured is known as the claim amount. The actual loss incurred by the Insured with respect to a Loan as calculated in accordance with Section V is referred to as the Claim Amount. Claim = Loss Suffered x Insured Value/Total Cost The goal of such an Average Clause is to limit the Insurance Company's liability. A Claim Payment is an amount paid to you under the Policy to compensate you for credit losses caused by unpaid insured receivables.Therefore,
The insurance company will pay the greater of the claim amount or the insurance coverage limit for each item. Because the values of the stolen jewelry and silverware exceed their individual coverage limits, the insurance company will pay the $1,000 for jewelry and $2,500 for silverware coverage limits.
Amount not covered by insurance = ($4,470 - 1,000) + ($3,660 - 2,500)
= 3,470 + 1,160
= $4,630
solve the problem. the total cost of producing x units of a certain commodity is given by does marginal cost increase or decrease with increasing production? not enough information to answer marginal cost is constant. marginal cost is increasing. marginal cost is decreasing.
Marginal cost is increasing with increasing production.
In economics, the marginal cost is the exchange in total production fee that comes from making or producing one extra unit. To calculate the marginal value, divide the change in production expenses by means of the alternate in quantity.
Take your total value of manufacturing and subtract your variable prices improved by using the wide variety of units you produced. t=This could provide you with your overall fixed cost.
An organization's marginal fee is how a great deal greater it charges to produce extra gadgets of goods or services. You may calculate it by dividing the exchange in expenses by the change in amount.
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berry co. purchases a patent on january 1, 2021, for $30,000 and the patent has an expected useful life of five years with no residual value. assuming berry co. uses the straight-line method, what is the amortization expense for the year ended december 31, 2022?
$6000 is the amortization expense for the year ended December 31, 2022 if the patent has an expected useful life of five years with no residual value.
purchase cost a patent on january 1, 2021= $30,000
expected useful life = 5 years
$30000/5years =$6000 amortization per year
$6000 is the amortization expense for the year ended December 31, 2022.
Amortization expenses reflect the cost of long-term assets (such as computers and vehicles) over their useful life. They show up on a company's income statement as depreciation expenses.
In business, amortization is the practice of depreciating the value of an intangible asset, such as a patent or a copyright, over the course of its useful life. Amortization expenses can have an impact on a company's income statement, balance sheet, and tax liability.
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if a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium.
(B) A company's marginal cost must be zero at the profit maximizing level of output if a firm producing at the unit elastic point. It is because at the point with unit elasticity, changes to prices do not affect total revenue.
The demand curve can be described as a graphical representation of the relationship between the quantity demanded for a given period of time and the price of a good or service. In a typical representation, the quantity demanded on the horizontal axis while the price will appear on the left vertical axis. Based on the statement above, a marginal cost must be zero because changes in quantity exactly offsets changes in price.
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which of the following statements is false? group of answer choices mortgage interest on a primary residence is fully deductible for new mortgages up to $750,000 points paid on a new mortgage are fully deductible in the year incurred points paid on a refinancing are fully deductible in the year incurred in most cases, interest on a home equity loan is fully deductible in the year incurred if the proceeds are used to improve the property
The false statement is- Points paid on a refinancing are fully deductible
in the year incurred.
Refinancing is the process of swapping out an existing debt obligation for a new one with a new term and cost of borrowing. Based on a variety of economic factors including risk inherent, anticipated risk, political and economic stability of a country, currency stability, financial regulations, borrower's credit ratings, and country's credit score, the conditions and terms of refinancing may vary markedly by nation, provincial capital, or state. Mortgages on primary residences and vehicle loan are two typical forms of refinancing in many developed countries.
Borrowers usually decide for refinancing when there is substantial change in economic environment.
The complete question is here:
Which of the following statements is FALSE?
(a) Mortgage interest on a primary residence is
fully deductible for mortgages up to $750,000.
(b) Points paid on a new mortgage are fully deductible
in the year incurred.
(c) Points paid on a refinancing are fully deductible
in the year incurred.
(d) In most cases, interest on a home equity loan
is fully deductible in the year incurred.
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if units a cost $4 each, units b cost $6 each, and units c cost $7 each, for a total cost of goods available of $220, the cost of goods sold to a customer who purchased 2as, 4bs, and 2cs would be:
The cost of goods sold to a customer who purchased 2as, 4bs, and 2cs would be $46.
2*4+4*6+2*7 = 46
What do you mean by cost of goods sold?
The cost of goods sold (COGS) is the carrying value of items sold over a specific time period. Costs are assigned to specific items using one of several methods, such as specific identification, first-in-first-out (FIFO), or average cost. Costs comprise the acquisition, conversion, and other costs incurred in bringing the inventories to their current location and condition. Material, labour, and allotted overhead are all included in the costs of goods manufactured by enterprises. The costs of items that have not yet been sold are postponed as inventory costs until the inventory is sold or written down in value.
The cost of goods sold will be:
2as*4bs+$4*$6+2cs*$7
= 46
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in terms of organizational culture, a is an artifact, act, quality, or event that conveys an organization's most important values to others. multiple choice question. symbol story hero ritual
In terms of organizational culture, a symbol is an artifact, act, quality, or event that conveys an organization's most important values to others.
The appropriate behavior inside a company is determined by its culture. This culture is comprised of shared values and beliefs that have been developed by leaders, communicated through a range of mediums, and reinforced in order to affect employee perceptions, behavior, and comprehension.Clan culture, adhocracy culture, market culture, and hierarchical culture were the 4 forms of culture they recognized. The Organizational Culture Assessment Instrument (OCAI) can be used to quickly and strategically examine the culture of your company and create an atmosphere that will support the success of your team.The structure, values, sociology, and psychology of a company or nonprofit are all included in the definition of organizational culture. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.Thus the correct option is A.
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sonja is a product manager for a line of consumer cosmetic products and is introducing a new product. she set the retail price at $35.50 with wholesale margins of 15% and retail margins of 40%. how much will sonja's company receive per unit under these terms?
Sonja's company receives $20.81 per unit with a retail margin of 40% and a wholesale margin of 15%
It is given that Sonja has set a retail margin of 40%, and a wholesale margin of 15%.
Retail Price = Wholesale price + Retail margin X Wholesale price
or, Retail Price = (1 + Retail margin) X Wholesale price
The retail price is given as $35.50.
Hence,
35.50 = (1 + 40/100) X Wholesale Price
Or, Wholesale Price = 35.50 X 100/140
or, wholesale price = $23.928
Similar to the above statements,
Wholesale price = Price charged by manufacturers + Wholesale margin X price charged by manufacturers
or, Wholesale price = (1 + Wholesale margin) X Price charged by manufacturers
Hence,
23.928 = (1 + 15/100) X Price charged by manufacturers
or, Price charged by manufacturers = 100 X 23.928/115
= $20.81
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________ flows are the physical products, raw materials, supplies, and so forth that flow along the chain.
Material flows involve the flow of raw materials, physical products, supplies, and so forth along the supply chain.
In the supply chain, material flows handle the flow of all physical products from the distributor all the way down to delivering to the consumers. Typically, the flow of material usually starts with the raw material distributor to manufacturers to warehouses, and delivery to the final consumer.
Material flow is unidirectional as it usually flows in one direction, that is from distributor to consumer. However, on certain occasions, when a product is returned from the consumer, material flows go in another direction; as the concerns relating to customer returns and service needs are also part of material flows.
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Erin works at a financial institution. She has offered a housing loan to a customer. While carrying out the transaction, which legal responsibility should she address?
While carrying out the transaction, the legal responsibility which Erin should address is: D. ensure that she credits the loan amount accurately to the customer's account.
What is a loan?A loan simply refers to an amount of money that is being borrowed by a borrower (customer) from a bank or other financial institutions (lender), and it is legally expected to be paid back by a borrower to the lender at a specific period of time with an agreed interest.
In this scenario, Erin being an accounting official (employee) of this financial institution is saddled with the legal responsibility of ensuring that she accurately credits the amount of money borrowed (loan) to the account of this borrower (customer).
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Complete Question:
Erin works at a financial Institution. She has offered a housing loan to a customer. While carrying out the transaction, which legal responsibility should she address?
A. arrange an informal meeting with the customer
B. organize a success party for the department
C. disclose all confidential Information about the organization to the customer
D. ensure that she credits the loan amount accurately to the customer's account
E show the customer a list of people who defaulted on similar loans
florin and guilder are two countries separated by a narrow sea. they use currencies called, respectively, the flop and the gulp. the nominal exchange rate is 20 flops to one gulp. if a trader wanted to exchange 30 gulps for flops, how many flops would she get? .
If a trader wanted to exchange 30 gulps for flops, she would get 600 flops.
What is trade?Trade, which is typically done in exchange for money, is the transfer of goods and services from one person or institution to another. Economists refer to a network or system that enables trading as a market.
Before the advent of money, trade that involved direct exchanges of goods and services for other goods and services was known as bartering. The majority of commercial agreements nowadays are negotiated utilizing a form of exchange like money. Nowadays, most trade agreements are reached using a medium of exchange, like money. Money's creation facilitated trade and made it easier. Bilateral trade is trade between two traders, whereas multilateral trade is trade involving more than two dealers.
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a characteristic feature of a prestige demand curve is that as price is lowered, the curve turns back to the left toward its initial level. why is this so?
The reason why the curve turns back to the left toward its initial level was : because of the decrease in demand.
What is demand curve?Demand curve can be defined as the curve that help to show the price of product in the market and the quantity that was demand at a specific period of time.
With prestige product the demand for the product tend to increases as the price increases and demand as well decreases as the price of the product decreases which is why the demand curve is like backward (ↄ) .
Therefore the reason is due to the decrease in demand.
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goods and service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called .
In marketing, the goods & service features and performance characteristics that differentiate one customer benefit package from another and win the customer's business are called an order winners.
What is an order winners?In marketing, an order winners refers to those variables which permit differentiating the company from competitors while an order qualifiers are the prerequisites for engaging in a transaction. This view of orders can be seen as a unifying approach between the operations management and marketing
Going forward, the order winners are seen as a competitive advantages such as quality, delivery speed, reliability, product design, flexibility and image that cause a firm's customers to select that company's products or services. The order winner is the main reason why customers purchase a company's product. For instance, the Shine family vacations at Lake Tahoe for prestige and quality while they order all of their products from Pramazon for quick delivery speed.
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what term describes the process of ranking employees by assigning certain percentages to predetermined groups (such as best workers, worst workers, and categories in between)?
Forced distribution. Forced distribution is a method of employee performance appraisal that many companies use. We also call it the forced distribution method, stacked ranking, or bell-curve rating. It is a rating system that employers use to evaluate their workers.
What is forced distribution?
The rater must force employee evaluations into a bell-shaped curve when using the forced distribution performance appraisal rating method. To learn more, go to Managing Employee Performance.
Many businesses use the forced distribution approach of evaluating an employee's performance. It is also known as the stacked ranking, bell-curve rating, and forced distribution method. Employers use this rating system to assess the performance of their workforce. Each employee must be evaluated by the manager and placed into one of three categories, i.e., poor, good, or excellent. Additional categories might exist.
Forced distribution is a method of employee performance appraisal that many companies use. We also call it the forced distribution method, stacked ranking, or bell-curve rating. It is a rating system that employers use to evaluate their workers. Managers must evaluate each employee, usually into one of three categories, i.e., poor, good, or excellent. There may be more categories.
Swiftly and easily Another benefit of this approach is that it is a quick and simple model to comprehend and use. Due to the grouping of all employees, HR finds it very easy to tailor development programs to the right abilities.
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suppose alyssa is willing to drive across town to save 50 percent on a soccer ball with a list price of $40. if alyssa is rational, this implies that she would
Alyssa is prepared to travel across town in order to save fifty percent on a soccer ball with a list price of $40. This suggests that she would be prepared to travel across town in order to save 5 percent on a $400 bike.
What is a list price ?The cost that a product's maker ostensibly suggests that a retailer sell it is referred to as the list price, also known as the manufacturer's suggested retail price (MSRP), recommended retail price (RRP), or suggested retail price (SRP), of a product.
As they permit prices to be set higher than those that would be determined by supply and demand, suggested pricing strategies can be in opposition with competition theory. Beyond simply proposing prices, resale price maintenance—fixing prices—is prohibited in many nations.
Depending on the actual wholesale cost of each item, which is typically obtained in bulk from the manufacturer or in smaller quantities through a distributor, retailers may charge less than the suggested retail price.
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When assessing the impact of the ideal process, determine whether or not the ____________ has been met.
Process efficiency denotes an ideal (often the quickest or least expensive) approach to carry out procedures. On the other hand, successful process management entails following the appropriate procedures and attaining the intended outcomes.
Process efficiency: what is it?Essentially, "the amount of effort or input necessary to produce your business's product" is the definition of process efficiency.For instance, your process efficiency is appalling if it takes 300 workers to create a single pack of gum. Aside from that, you ought to quit making gum. However, if your company employs 300 people and produces 150,000 packs of gum every day, you most certainly run an effective firm.Production time divided by total process time equals the process overall efficiency. Let's imagine, for instance, that you're attempting to determine how effectively you make pizza. Measure the time it takes to produce the pizzas in relation to the overall process, including the time it takes to purchase the ingredients and transport them.To maintain organizational health, business process management must be effective. More than simply your bottom line is affected by your organization's decision to streamline business operations. It promotes the general health of your organization and gives your employees the freedom to produce their best work, which helps your business expand from the inside out.To Learn more About Process efficiency refer to:
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