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sdas [7]
3 years ago
12

A good intended for final use by consumers rather than business

Business
1 answer:
Anit [1.1K]3 years ago
3 0

Answer:

A <u>consumer good </u> is a product intended for final use by a consumer.

Explanation:

Consumer good: a good intended for final use by consumers rather than by businesses

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Another reason fueling the boom in fast-growing technology services is _____, which, when done right, can virally spread awarene
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Available options are:

A. Esako and M-Pesa

B. Big data and Business analytics

C. Social media

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Answer:

Social media

Explanation:

Social media is an internet-based or online platform that allows different registered users to share various forms of information and content, among other users, from anywhere across the globe.

Hence, given the available options, Another reason that is fueling the boom in fast-growing technology services is SOCIAL MEDIA, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.

7 0
3 years ago
3. At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70. What is the expected win
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Answer: $60

Explanation:

From the question, we are informed that At an oral auction for a lamp, half of all bidders have a value of $50 and half have a value of $70.

The expected winning bid if there are four bidders goes thus:

Since there are four bidders, the probability that the winning bid is $50 is 1/2 and for $70, it's 1/2 as well based on the question.

The expected winning bid will now be:

= ($50 × 1/2) + ($70 × 1/2)

= ($50 × 0.5) + ($70 × 0.5)

= $25 + $35

= $60

8 0
3 years ago
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In the business world, you need this trait so you can stay ahead of the competition. independence risk-taking self-assurance con
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3 years ago
Ortega Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a
Talja [164]

Answer:

$40

Explanation:

Target cost is the cost per unit arrived at after having deducted the required profit margin from the competitive market price.

It is a management technique that makes management think about ways to achieve a set target cost rather than forcing their actual cost plus profit margin on customers.

In this case, the competitive market price is $54 per unit of hard drive whereas the company expects to achieve a total profit of $14  per unit  

Profit margin per unit=$14

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Target cost=competitive market price-profit margin per unit

Target cost=$54-$14

Target cost=$40

7 0
4 years ago
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