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3 years ago

Do you think we need to prioritize wants? why

Business

1 answer:

Nadya [2.5K]3 years ago

4 0

Answer:

Explanation:

Wants are the items or things we desire to have. They make our lives pleasant and more comfortable. We buy wants for leisure or fun. We can live and survive without wants, although they make life enjoyable.

Unlike wants, needs are the things we require to survive. Needs include food, shelter, water, clothing, and other basic requirements for life, such as health care. While needs can be satisfied to a certain degree, human beings have insatiable wants. Care should be taken not to incur too many debts to meet one's wants. Prioritizing wants may lead to too much debt, which may end being counter-productive. As want makes lives more comfortable, too much debt causes financial distress, sadness, or even bankruptcy.

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Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each

Zina [86]

Answer:

Luana will save $2,493.522

Explanation:

Given:

Luana will deposit $570 every year for 4 years. This is an annuity as same amount is deposited every year.

Rate is 6% or 0.06

We have to compute Luana's savings at the end of 4th year.

Refer future value of annuity factor table at 6%, 4th year. Annuity factor is 4.3746.

Savings = Yearly deposit × Annuity factor

= 570 × 4.3746

= $2,493.522

Therefore, Luana will save $2,493.522 by the end of 4 years.

6 0

3 years ago

In the text, Curves is an example of which path? a. Looking across alternative industries b. Looking across strategic groups wit

Elena L [17]

Answer:

The correct option is D) Looking across complementary offerings

Explanation:

There are about 6 well-known paths to achieving a Blue Ocean Strategy.

Generally, the Blue Ocean Strategy (BOS) seeks to avoid locking horns with the competition by identifying niche areas that are critical to the attainment of a competition-free space. According to the BOS took kit, there are 6 paths to achieving a blue ocean strategy.

One of them is called looking across complementary offerings.

Another term for the Curve is Value Ramp. Value Ramp simply refers to a methodology for evaluating one's service/product offerings. It consists of a graph that plots a curve sloping upwards from left to right, showing the relationship between price and the value or perception of value being delivered by the business.

The principle offered here stated that the higher the perception of one's brand, the more one should be able to charge for their services.

Value is thought to increase as the business delivers more and more personalized services in a relationship-oriented fashion rather than generic products and services which are readily available off the shelf in most cases.

Cheers

7 0

3 years ago

There are 66 employees in a certain firm. We know that 40 of these employees are male, 6 of these males are secretaries, and 1

GrogVix [38]

The probability is 13/66

6 0

3 years ago

A company has two products: standard and deluxe. The company expects to produce 36,375 standard units and 62,240 deluxe units. I

Scrat [10]

Answer:

A1 = $12 A2 = $9.20 A3 = $1.50
Total Overhead for Standart Product $267.16
Total Overhead for Deluxe Product $163.48

Explanation:

First we will Calculate the rates:

This is done by adding the two product activity use to get the total cost driver.

Then we divide by the activity cost to get the rate:

$\left[\begin{array}{cccc}activity&cost&driver&rate\\1&93,000&7,750&12\\2&92,000&10,000&9,2\\3&8,700&5,800&1,5\\\end{array}\right]$

Next we check the overhead per unit:

units/ activity use x rate = overhead for activity

Standart Product Manufacturing Overhead

36,375units /2,500 Use Activity 1 x $12 = $174.60

36,375units /4,500 Use Activity 2 x $9.20 = $74.37

36,375units /3,000 Use Activity 3 x $1.50= $18.19

Total Overhead for Standart Product $267.16

Deluxe Product Manufacturing Overhead

62,240units /5,250 Use Activity 1 x $12 = $83,14

62,240units /5,500 Use Activity 2 x $9.20 = $60,85

62,240units /2,800 Use Activity 3 x $1.50= $19,49

Total Overhead for Deluxe Product $163.48

7 0

3 years ago

Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1

monitta

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

Worker 1: 1000 per 1/2 hour (30 minutes)
Worker 1: 2000 per 1 hour

Worker 2: 850 per 1/3 hour (20 minutes)
Worker 2: 2550 per 1 hour

Then, the second worker is more productive.

3 0

3 years ago

Do you think we need to prioritize wants? why​

Do you think we need to prioritize wants? why