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3 years ago

Read the text and answer the question.

Business

1 answer:

mel-nik [20]3 years ago

8 0

Answer:

1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team

2. Entrepreneurship

3. A supply truck

4. Josephine felt she could help students most by improving teachers' skills

5. Profit

6. The ability to produce goods at a lower price

7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.

Explanation:

1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.

2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.

3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.

4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.

5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.

6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.

7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.

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Janice always makes the first offer during salary negotiations because that number will become the starting point for any furthe

Ira Lisetskai [31]

Answer:

b. anchoring and adjustment heuristic.

Explanation:

Anchoring and adjustment heuristic is a Psychological heuristic in which a person or individual influences others by suggesting a starting point. The other person will then rely on the first information offered and an anchor is then placed. The further judgment is made around that anchor which created a bias toward interpretation of information.

Janice also used a strategy of anchoring and adjustment bias by giving first offer of salary. This will be considered as anchor which is placed and all the other negotiations will be around that salary anchor which will be used as starting point.

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3 years ago

Denver Company engages Public Company to produce a large machine, install the machine, and train their employees on the machine.

nata0808 [166]

Answer:

Results are below.

Explanation:

Giving the following information:

Machine= $800,000

Installation= $100,000

Training= $100,000

Total= 1,000,000

Denver and Public agree to a total contract price of $920,000.

First, we will determine the sales proportion:

Machine= 800,000/1,000,000= 0.8

Installation= 100,000/1,000,000= 0.1

Training= 100,000/1,000,000= 0.1

Now, we can allocate the price to each one:

Machine= 920,000*0.8= 736,000

Installation= 920,000*0.1= 92,000

Training= 920,000*0.1= 92,000

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3 years ago

Red Carpet Inc. is a small apparel store started by an aspiring designer. The store needs to compete against larger, well-establ

KatRina [158]

Answer:

The answer is: Red Carpet should try to focus on niche market segments.

Explanation:

A niche market is part of a greater market, but its focus is set on very specific products. The niche market has very specific market needs that need to be targeted by very specific products.

Usually niche markets are targeted by high priced products since normal broad range products or services will not satisfy their specific needs. For example, vegan restaurants are more expensive than McDonald's or Pizza Hut.

Since niche markets are small, usually big multinational corporations don't pay attention to them.

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3 years ago

Marketing by a service firm to effectively train and motivate its customer-contact employees and all the supporting service peop

ikadub [295]

Answer:

Internal

Explanation:

As the name implies, internal marketing is one in which a service firm trains employees in a product's company and its customers' contact to ensure maximum customer satisfaction. Internal marketing means that every member of staff is involved in marketing and not just the marketing department of the firm.

Cheers.

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3 years ago

Kendra has a difficult project due for her chemistry class next week. What time-wasting activity should she make sure she does n

GuDViN [60]

Procrastinating
Procrastination is the avoidance of doing a task which needs to be accomplished. It is the practice of doing more pleasurable things in place of less pleasurable ones, or carrying out less urgent tasks instead of more urgent ones, thus putting off impending tasks to a later time.

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3 years ago