In the cultural production process, the people who control the flow of information between producers and customers are called <u>Cultural Gatekeepers.</u>
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Cultural academics have dubbed cultural mediators "tastemakers," "gatekeepers," "surrogate consumers," "reputational entrepreneurs," or even "coproducers" of the work of art due to their shaping impact, particularly their legitimizing authority.
However, in reality, mediators carry out a variety of quite different and frequently unique tasks depending on how they contribute to the (increasingly) vertically stratified process of cultural creation.
The numerous functions and activities of cultural mediators, which is then followed by a discussion of the function and significance of critics and other mediators in the creation and consumption of culture.
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The thing which senior managers engage in when they structure the organizational relationships to work cooperatively to achieve goals is:
- Efficiency and Effectiveness.
<h3>What is Efficiency?</h3>
This refers to the ability to perform a task or tasks quickly, accurately and with minimal error.
With this in mind, we can see that when senior managers prioritize <em>efficiency and effectiveness</em> in their organizational structure, then they would easily accomplish goals.
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i got two new xbox one games 3 sweatshirts and a wallet
Based on the information given, it should be noted that the total payoff and profit will be -5 and -9.80 respectively.
<h3>How to calculate profit.</h3>
The following are gotten from the complete information:
- Current stock price = 100
- Put option strike= 95
- Put premium = 4.80
- Stock price at maturity = 80
Therefore, the payoff will be:
= (80 - 100) + (95 - 80)
= -20 + 15
= -5
The profit will be:
= Payoff - Put premium
= -5 - 4.80
= -9.80.
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Answer: a. Firms produce a homogeneous product
Explanation:
In a perfect competition, firms produce the same goods and/or services so consumers buy the same thing regardless of which supplier they buy it from.
It would therefore be of no use to advertise because there would be no new interest in a good that everybody already makes. Instead, the advertisement could even help competitors because the benefits of the advertised products will apply to competing products as well so consumers might just go for those.