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Alexus [3.1K]
3 years ago
10

Which of the following is the last step in creating a budget?

Business
2 answers:
Step2247 [10]3 years ago
6 0
B. Determine savings or debt :)
Vladimir [108]3 years ago
3 0
I would say the last thing you should ever do is <span>Identify fixed expenses because that is the least important.</span>
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The consumer's level of involvement can lead to two types of buying decisions: __________ or
Olenka [21]

Answer:

The consumer's level of involvement can lead to two types of buying decisions: limited problem solving or extended problem solving

Explanation:

limited problem solving:

It is a problem solving process in which customer is only willing to put very little effort to make a purchase decision in order to fulfill his want or need. Purchaser uses simple decision rules for reaching a a purchase decision with minimal research done. He is not much concerned about the best solution and has limited resources and time for searching information and assessing each alternative thoroughly.

For example: you need a new pair of joggers for gym.  You are already have an idea about joggers and know about new available materials and attributes. So you might do a bit research online and come to a decision comparatively quickly. You might consider your favorite outlet instead of searching for the joggers at every outlet. So you take buying decision limiting involvement in this process.

extended problem solving

In this process the costumer attempts to collect as much information as possible, and thoroughly assess and evaluate product alternatives. So in this situation buyer don't have much idea about the product brands, attributes and characteristics to access the product. Purchaser will research, differentiate and put a lot of effort for taking best buying decision that will fulfill his needs. prior to purchasing the product, he might visit various outlets, research online, search for reviews and suggestions, take information from outlet staff. about the product Marketer should provide with such information to customer.

For example high value items like car, a house etc. Such items are not purchased often so the consumer will invest a lot of time in research and comparison in order  to take the best decision.

6 0
3 years ago
The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be
Olegator [25]

Answer:

The long run is best defined as a time period

  • during which all inputs can be varied.

One thing that distinguishes the short run and the long run is

  • the existence of at least one fixed input.

Explanation:

On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)

7 0
3 years ago
You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for you
kati45 [8]

Answer:

The answer is 16 years.

Explanation:

The formula for calculating the value of an investment that is compounded annually is given by:

V(n)=(1+R)^nP

Where:

n is the number of years the investment is compounded,

R is the annual interest rate,

P is the principal investment.

We know the following:

25000=(1+0.06)^n \times 10000

And we want to clear the value <em>n</em> from the equation.

The problem can be resolved as follows.

<u>First step:</u> divide each member of the equation by 10,000:

\frac{ 25000}{10000}=(1+0.06)^n \times \frac{ 10000}{10000}

2.5=(1.06)^n

<u>Second step:</u> apply logarithms to both members of the equation:

log(2.5)=log (1.06)^n

<u>Third step:</u> apply the logarithmic property logA^n=n.logA in the second member of the equation:

log(2.5)=n.log (1.06)

Fourth step: divide both members of the equation by log1.06

\frac{log(2.50)}{log (1.06)} =n

n= 15.7252

We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.

6 0
3 years ago
Groups form naturally and there is little anyone can do to influence the success or cohesiveness of a group dynamic
irakobra [83]

Answer:

False.

Explanation:

While it is true that groups often form naturally, it is false that you can't have much influence over a group. A strong leader who understands management principals will be able to influence group dynamics.

8 0
2 years ago
Which of the following statements about business processes is not true?Question 3 options:A) Business processes are a collection
natali 33 [55]

Answer:

E.

Explanation:

The information system is very important in business processes because help managers in efficient decision making to achieve the organizational goals.

An organization will be able to survive and thrive in a highly competitive enviroment on the strength of a well desing information system.

Helps in making right decisions at the right time, or just in time. A good information system may be utilized by managers in unusual situations.

It is viewed as a process, it can be integrated to formulate a strategy of action or operation.

8 0
3 years ago
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