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klio [65]
3 years ago
14

Clarifying the issues of a problem is the _____ step in the problem solving process. first, second, sixth, or seventh

Business
2 answers:
ddd [48]3 years ago
8 0

The answer is: Second step

The main purpose of clarifying the issues is to identify and obtain a complete understanding regarding the situation that you are in.

During this step, you need to evaluate your own strength and weakness to assess whether you are capable in handling this situation. You also need to find areas that you need to improve in order to deal with the problem in the most efficient manner.

ololo11 [35]3 years ago
7 0

The second step in the problem solving process is to clarify the issues of a problem.


Answer: The second step.

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Select the correct answer.
alexdok [17]

Answer:

A. It is the point where the demand and supply curves Intersect.

Explanation:

Demand and supply curves determine the price of that particular product. The demand and supply curves are drawn from quantity in the horizontal axis and price in the vertical axis.

The demand can be described as the amount of goods or services that consumers buy at a given time at a particular price. The price usually dictates the quantity of goods that a consumer will be willing to buy depending on whether it is a want or need. Needs are goods or services that a consumer cannot do without, there demand are usually stable while a want is not priority that a consumer can do without. An increase in the price of a good or service for a want will definitely cause a reduction in the demand for the particular good or service since the consumers feel that they are paying too much for the service or good.

The supply can be described as the quantity of goods or services that the supplier or producer is willing to provide at a particular price. Most of the time, an increase in the price of a good or service encourages the suppliers to supply more of the goods or services to maximize on the profits.

The point at which the demand and supply curve intersect is referred to as equilibrium. At this point, the quantity demanded and the quantity supplied is equal. On the same note, the price the consumers are willing to pay, and the price the suppliers are willing to receive for that particular good or service is equal.

8 0
4 years ago
How much should a charm bracelet be with 1 tassel and mermaid tail.
asambeis [7]

Answer: The cost should be around $6 at least

Explanation:

8 0
3 years ago
Read 2 more answers
Recently, Darlene has found that they have begun to reach market saturation. She is having trouble finding new customers. One so
Black_prince [1.1K]

Answer: a. share of customer

Explanation:

Share of Customer refers to the proportion of the total amount that a company gets out of money that a customer will spend in a certain category.

In other words, a company that has a greater share of customer from a particular customer will see that customer spend more of their money on them.

Share of Customer is improved by excellent working relationships with customers such that they will be loyal to you. Darlene should therefore strive for this so that their customers who are planning on more expansion will keep coming back to Darlene's company and spending more and more on them.

8 0
3 years ago
You are selling a product on commission, at the rate of $1,000 per sale. To date, you have spent $800 promoting a particular pro
Vesnalui [34]

Answer:

Either you quit trying and lose $800 sunk, or you spend $800 for $1,600 total in which the Net from the sale of $1,000 would results in a loss of $600. That means it will be of good to lose $600 than $800.

Explanation:

Since $800 has been spent which means Spending up to an additional $1,000 is still reasonable, but a condition in which you know that the deal will definitely go through.

Secondly since you have already sunk $800, and you know that spending an additional $800 would guarantee it, you can do one among this two options which are either you stop trying and lose the $800 sunk, or you the spend $800 for $1,600($1,000+$600) total in which the Net from the sale of $1,000 would results in a loss of $600($1,000-$800=200,$800-$200=$600). That means it will be of good to lose $600 than $800.

4 0
3 years ago
Read 2 more answers
Jacobs Company borrowed $100,000 at 8 percent interest for three months.
ASHA 777 [7]

Answer:

B. $2,000

Explanation:

The principal amount is $100,000

Interest rate is 8% usually per year ( 12 months)

Loan duration, three months:

Annual interest = $100,000.00 x 8%

   =$100,000.00x 0.08

   =$ 8000.00

Interest for 3 months

   =3/12x$8000.00

   =0.25x$8000.00

   =$2000

4 0
3 years ago
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