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koban [17]
3 years ago
5

You are at a trading card convention, and observe that for a certain card, a dealer is willing to buy the card for $100, and sel

l the card for $120. At the same convention, a different dealer quotes a BID-ASK spread of $125-$140 for the very same card. Which statement is false: _______
a. There is an arbitrage opportunity at the convention.
b. The market for trading cards is an inefficient market.
c. If the dealers ran into each other, they would happily trade with each other.
d. If you had to pay a 2% tax when you bought the card, you could not make a profit from this situation after taking transactions costs into account.
Business
1 answer:
IgorLugansk [536]3 years ago
4 0

Answer:

Option A

Explanation:

In simple words, arbitrage opportunity refers to the condition under which an individual is able to make risk less profit, that is, profit without investing its own capital. In the given case, there is a clear arbitrage opportunity.

One can borrow the card from the first with the promise to pay him $120 and sell the card to the second dealer for $125. With the payment received from the second dealer we can pay the first dealer his promised amount and make a profit of $5.

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Is there a company in a specific industry that can get by without having any customer service? If so, why and how does that make
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Answer:

No

Explanation:

Customer service has a great impact on every business, every company must train it's staff on how to listen to customers and attend to their needs in a polite and professional manner.

A great customer service will keep customers happy and satisfied, this will in turn make them want to come back to do more business. A satisfied customer will go extra length to recommend others to the company but unsatisfied customer that feels that his needs weren't addressed properly or his request wasn't attended to, such customer will not likely but from the company and also bad mouth the company to others and this will leave a great impact on the company growth.

In summary, no company in a specific industry would survive or get by without having customer service as this is part of what makes a company grow.

4 0
4 years ago
Chaz and Dolly enter into a contract under which Chaz agrees to provide maintenance services for Dolly's Ski Resort. Duties unde
UkoKoshka [18]

Answer: d. any of the choices.

Explanation:

Chaz is not to transfer the duties to a third party if Dolly got into the agreement with Chaz for any of the following;

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  • If Dolly went into the contract due to the personal skills or talents of Chaz, the duties against would be non-transferable. Chaz's skills were the reason the contract was signed, if these skills are not to be used then the contract will be baseless.
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5 0
3 years ago
B2B markets differ from B2C markets because: Group of answer choices salespeople personally call on business customers to a far
yKpoI14uk [10]

Answer:

salespeople personally call on business customers to a far greater extent than they do consumers.

Explanation:

Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.

Under the B2B sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.

On the other hand, the B2C market involves businesses selling their goods and services directly to the end consumers or users for personal use.

6 0
4 years ago
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Alekssandra [29.7K]

They can accomplish this through early retirement.

<h3><u>Explanation:</u></h3>

Early retirement is a way that we use to stop or discontinue something. Most of the aged person tends to choose early retirement for the purpose of achieving the benefits form the organisation to the most possible level. This decision can be taken when we know that the organisation will be closed in the near future and continuing work will not benefit us.

When we decide for the early retirement the befits that we attain from that will be more than  the benefit that are obtained in continuing work. In the given example, Hope college has a plan for next biennium. But, the enrollments are reduced in number and they want to reduce the payroll slowly. Thus this can be accomplished with the help of early retirement.

7 0
3 years ago
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Nataly [62]

Answer:

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It is the apparatus utilized by entrepreneurs to empower, perceive and reward uncommon execution in their workers.

6 0
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