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Ivanshal [37]
3 years ago
13

A soft drink manufacturer protects a closely guarded formula for a recipe. What is this recipe an example of?

Business
1 answer:
djyliett [7]3 years ago
6 0

Answer: Trade secret

Explanation: Trade secret is an intellectual property through which a business gains economic and competitive advantage in the market over other participants. It can be in the form of practice, process or design etc.

In the given case, the manufacturer has a secret formula for its recipe which will benefit him in the market as only he knows it, therefore, we can conclude that he has a trade secret.

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Jill is exploring multiple suppliers in order to find the best price. However, instead of calling all eight potential suppliers,
tigry1 [53]

The concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>A) cognitive limitations.</u>

<h3>What are cognitive limitations?</h3>

Cognitive limitations are the human and information processing restrictions imposed on decision-making.  The originate from the limited human cognitive nature and information processing abilities. Cognitive limitations lead to probability distortions.  They cause errors in decision-making.

The implication of Jill's action is that she might be making the wrong decisions.

<h3>Answer Options:</h3>

A) cognitive limitations.

B) optimal decision making.

C) the illusion of control.

D) escalating commitment.

Thus, the concept that best describes Jill's action of contacting only the first three suppliers instead of calling all eight suppliers is <u>Option A</u>.

Learn more about cognitive limitations at brainly.com/question/13649097

7 0
2 years ago
Oriole, Inc., management expects the company to earn cash flows of $11,800, $14,000, $18,200, and $19,000 over the next four yea
ziro4ka [17]

Answer:

The future value of these cash flows at the end of year 4 is $71,885.80

Explanation:

In order to calculate the future value of these cash flows at the end of year 4 we would have to use the following formula:

        n

        ∑

FV = i=1 [CFi * (1 + r)(n - i)]

FV = [$11,800 * (1 + 0.10)∧(4-1)] + [$14,000 * (1 + 0.10)∧(4-2)] + [$18,200 * (1 + 0.10)(4-3)] + [$19,000 * (1 + 0.10)(4-4)]

FV = $15,705.80 + $16,940 + $20,020 + $19,000

FV=$71,665.80

The future value of these cash flows at the end of year 4 is $71,885.80

6 0
3 years ago
Read 2 more answers
odfrey would like to start a business that will eventually have a potential to grow. He would like the trade partner to be an As
nata0808 [166]

Answer:

First, let us correct a mistake, the name is Godfrey and not Odfrey.

The nation that Godfrey would most likely make his trading partner is India.

Explanation:

There are three qualities listed in the question above that India possesses, they are:

1. Democratic Asian Country

2. Economic Growth Potential

3. Large Population of Potential Customers.

1. India is a Federal Republic that is governed in a Democratic Parliamentary system.

2. The economy of India is the fifth largest in the world, with a GDP of $2.94 trillion. Also, India's markets have slowly been opened up through Economic Liberalization. Economic reforms have also helped in making the economy one of the top ten fastest growing economies in the world.

3. The population of India is 1.37 billion, second only to China. With this population, there is a huge potential when it comes to customers for Godfrey's business.

4 0
4 years ago
Read 2 more answers
What is the difference between gross and adjusted income?
lidiya [134]

Adjusted gross income (AGI) is often referred to as "net income," although the two are not necessarily the same thing. Net income is a catch-all phrase generally meant as "aftertax" income, while AGI is the total taxable income – that is, the taxable amount of your income remaining after deductions and other adjustments on the Form 1040.

8 0
4 years ago
What piece of glassware would enable the measurement and transfer of these solutions with the best combination of speed and accu
olya-2409 [2.1K]
<span>The pipet would be the best tool for mixing speed and accuracy. Pipets tend to be used on volumes that are in the single-digits of milliliters, so they can be used to measure out tiny amounts of solutions. In addition, they can be measured to dispense volumes almost to-the-drop, so not only they can be very accurate, they can do so quickly.</span>
8 0
3 years ago
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