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cricket20 [7]
3 years ago
9

State, in brief, with reasoning, whether following statement is correct/incorrect: “One cannot be everything to everyone, but ca

n be everything to a selected few”.
Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

Yes the statement is correct.

Explanation:

The statement is given by Matt Cheuvrant. In business the statement is absolutely correct that you can not satisfy the need of all the customers. A business cannot offer a product at less than its cost if a customer cannot afford it. Also an organization cannot start manufacturing a product because one customer demands it. If the company decides to satisfy all his customers by offering a large variety of products it may result in establishing in-house competition resulting in declining profits from both the products. If the company tries to give everything to every one this enhances its risk of failure resulting nothing in its own hands.

Businesses should focus on a single product and try to create a niche market. The product should be unique and its features should be extensively different from the other competitive products available in the market. This creates heavy switching cost to customers which ensures the business that customers will retain loyal to it. You can everything for few customers. They will not want to leave you because of your product specific features that are not available in the market.

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Which of the following are automatically withheld from paychecks?
Dimas [21]
Taxes are automatically withdrawn from paychecks.
4 0
3 years ago
Castelda company issues zero coupon bonds which mature in 30 years. These bonds can be bought for $999.38 and then pay no annual
professor190 [17]

Answer:

16.59%

Explanation:

We are given the present value of the bonds, their future value and the time, we need to calculate the rate:

FV = PV (1 + rate)ⁿ

  • FV = 100,000
  • PV = 999.38
  • n = 30

100,000 = 999.38 (1 + rate)³⁰

(1 + rate)³⁰ = 100,000 / 999.38 = 100.062

1 + rate = ³⁰√100.062 = 1.1659

rate = 1.1659 - 1 = 0.1659 or 16.59%

8 0
3 years ago
Production efficiency is a situation in which the economy is getting all that it can from its resources and​ _____ produce mor
Dennis_Churaev [7]

Answer:

Cannot, Less

Explanation:

Production efficiency or productive efficiency is the efficient utilization of resources with view to achieving the lowest cost of production. Production efficiency is achieved when an economy is operating on her production possibility curve.

When an economy attained the level of Productive efficiency, it means it can no longer increase production of any commodity without a trade-off for other similar commodity.

4 0
3 years ago
In the Income-Expenditures model, it is assumed that investment is independent of the level of (current) income. This is:
____ [38]

Answer:

I'm not sure what this question is about, but the concept of the income expenditures model and its components is the following:

In the income (or aggregate) expenditures model, its author (Keynes) established certain assumptions in order to analyze how the economy works as a whole. His assumptions included that investment, government spending and net exports were all independent from income level.

When the economy is at equilibrium, total expenditures (GDP) = income level = consumption + government + investment + net exports

Another important assumptions are:

  • marginal propensity to consume (MPC) + marginal propensity to save (MPS) = 1
  • consumption = autonomous consumption + [MPC x (total income level - taxes)]

Savings = investment increase when disposable income increases or real GDP increases.

This model is used to explain the relationship between labor and production levels, and how they are affected by the economy's total expenditures. By increasing expenditures, the demand for labor and products/services will increase.

4 0
3 years ago
If individuals believe their income will decrease in the near future, they may _____________ their spending
Finger [1]
Decrease, cut, halt, slow down.
7 0
3 years ago
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