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Ksenya-84 [330]
3 years ago
5

An organization decides to ask three advertising agencies to pitch a proposal to handle the organization's business, instead of

asking all of the advertising agencies in the city where this organization's headquarters are located to pitch the account. What type of decision does this represent?
A. Programmed
B. Nonprogrammed
C. Satisficing
D. Certainty
E. Illusion of control
Business
1 answer:
PtichkaEL [24]3 years ago
4 0

Answer:

C.

Explanation:

Satisficing is searching for and accepting something that is satisfactory rather than insisting on the perfect or optimal.

Managers tend to satisfice rather than optimize in considering and selecting alternatives.

Characteristics:

-accept good enough

-do not obsess over other opinions

-can move on after deciding

-happier with outcomes

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In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the margina
Mice21 [21]

Answer: In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marginal cost is $60. If the marginal cost increased from $60 to $75, the monopoly would raise its price <u>by less than $15</u>, and the price in the perfectly competitive market would <u>increase to $75.</u>

Explanation: The monopolist attends to the market demand, therefore the choice of the monopolist is limited by the market demand. If you set a very high price, you will only sell the amount that the demand you want to buy at that price, so it will only increase by less than $ 15.

In a market of perfect competition the companies are accepting price and will produce until the price is equal to the marginal cost so the price would rise to $ 75.

7 0
3 years ago
All of the following are characteristics exhibited by winning products EXCEPT: good product quality, according to the customer's
iragen [17]

Answer:

All of the characteristics belong to winning products.

Explanation:

The six main characteristics of winning products are:

  1. winning products satisfy their customers' needs better than its competitors.  
  2. winning products solve unsatisfied needs that other competitors couldn't.
  3. winning products offer great value for the money spent.
  4. winning products provide excellent perceived quality.
  5. winning products are considered very useful by its customers.
  6. winning products provide a range of highly visible benefits to its customers.
3 0
3 years ago
The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40
Fofino [41]

Answer: 9.03%.

Explanation:

Given: The Two Dollar Store has a cost of equity of 11.9 percent, the YTM on the company's bonds is 6.2 percent, and the tax rate is 40 percent.

Debt to equity ratio is .54

i.e. \dfrac{debt}{equity}=\dfrac{0.54}{1}\ ...(i)

Adding denominator to numerator on both the sides, we get,

\dfrac{debt+equity}{equity}=\dfrac{1.54}{1}\\\\\Rightarrow\ \dfrac{equity}{debt+equity}=\dfrac{1}{1.54}  

i.e. Weighted equity = \dfrac{1}{1.54}\ ....(ii)

From (i)

\dfrac{equity}{debt}=\dfrac1{0.54}\

Adding denominator to numerator on both the sides we get,

\dfrac{equity+debt}{debt}=\dfrac{1+0.54}{0.54}

\dfrac{equity+debt}{debt}=\dfrac{1.54}{0.54}

Thus, weight of debt=\dfrac{1.54}{0.54}

Now,

Weighted average cost of capital=(Weight of equity) × (cost of equity)+(Weight of debt)×(Cost of debt)×(1-tax rate)

\dfrac{1}{1.54}\times (0.119)+\dfrac{0.54}{1.54}\times(0.062)\times(1-0.40)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.02174(0.60)\\\\=0.07727+0.013044\\\\=0.090314\approx9.03\%

Hence, the weighted average cost of capital is 9.03%.

3 0
4 years ago
If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of outpu
snow_lady [41]

Answer:

B. If the marginal benefit of the good is greater than the marginal cost

Explanation:

Marginal benefit is the incremental benefit derived from producing an extra unit of a good. Marginal cost is the incremental cost of producing an additional unit of the good.

When marginal benefit is greater than its marginal cost, the excess of marginal benefit over marginal cost shows that the product is beneficial to society so an extra unit of the good should be produced and consumed.

4 0
3 years ago
_____ is considered to be the most persuasive and valuable method of promoting products and services. Group of answer choices
Mnenie [13.5K]

Word of mouth is the most persuasive and valuable method of promoting products and services.

<h3>What is Word of mouth communication?</h3>

Word of mouth is the process where information is passed from one person to another by using oral communication, or mouth which can be as simple as telling someone about clothe .An example of word of mouth communication is story telling and it is where one person tells others a story about a real event or something made up.

Therefore, Word of mouth is the most persuasive and valuable method of promoting products and services.

Learn more about word of mouth here.

brainly.com/question/26152499

5 0
3 years ago
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