In order to better understand what motivates human beings, Maslow proposed that human needs can be organized into a hierarchy.
Maslow organized human needs into a pyramid that includes (from lowest-level to highest-level) physiological, safety, love/belonging, esteem, and self-actualization needs.
Physiological needs - these are biological requirements for human survival, e.g. air, food, drink, shelter, clothing, warmth, sex, sleep.
If these needs are not satisfied the human body cannot function optimally. Maslow considered physiological needs the most important as all the other needs become secondary until these needs are met.
2. Safety needs - once an individual’s physiological needs are satisfied, the needs for security and safety become salient. People want to experience order, predictability and control in their lives. These needs can be fulfilled by the family and society (e.g. police, schools, business and medical care).
For example, emotional security, financial security (e.g. employment, social welfare), law and order, freedom from fear, social stability, property, health and wellbeing (e.g. safety against accidents and injury).
3. Love and belongingness needs - after physiological and safety needs have been fulfilled, the third level of human needs is social and involves feelings of belongingness. Belongingness, refers to a human emotional need for interpersonal relationships, affiliating, connectedness, and being part of a group.
Examples of belongingness needs include friendship, intimacy, trust, and acceptance, receiving and giving affection, and love.
4. Esteem needs are the fourth level in Maslow’s hierarchy and include self-worth, accomplishement and respect. Maslow classified esteem needs into two categories: (i) esteem for oneself (dignity, achievement, mastery, independence) and (ii) the desire for reputation or respect from others (e.g., status, prestige).
Maslow indicated that the need for respect or reputation is most important for children and adolescents and precedes real self-esteem or dignity.
5. Self-actualization needs are the highest level in Maslow's hierarchy, and refer to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences. Maslow (1943) describes this level as the desire to accomplish everything that one can, to become the most that one can be.
Individuals may perceive or focus on this need very specifically. For example, one individual may have a strong desire to become an ideal parent. In another, the desire may be expressed economically, academically or athletically. For others, it may be expressed creatively, in paintings, pictures, or inventions.
The monthly sales rate made from granite paints in Central incorporations is:
February = 400 gallons
March = 266.6 gallons
Calculating themonthly rate:
The 1st quarter sales is Q1
The 2nd quarter sales is Q2
Note:
Q1= January, February & March
Q2= April, May & June
Given from the question:
Q1= 1200 gallons
Q2= 800 gallons
The monthly sales rate of is calculated by dividing the quarterly rate by 3
Q1= 1200 gallons/3 = 400
Q2= 800 gallons /3 = 266.6
The monthly sales rate made from granite paints in Central incorporations is:
February = 400 gallons
March = 266.6 gallons
<h3>What is sales forecasting?</h3>
Sales forecasting can simply be defined as the process of estimating the future revenue by predicting the amount of goods, products or services a sales unit will sell in the next week, month, quarter, or year.
Therefore, the monthly sales rate made from granite paints in Central incorporations is:
February = 400 gallons
March = 266.6 gallons
Complete question:
Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The expected pattern of sales for the first quarters of 2011 is as follows: Sales in Units 1st quarter 2nd Quarter Quantity 1,200 gallons 800 gallons
How much quantity sales of granite paint was sold in month of
Some large companies are listed on NASDAQ.
NASDAQ (originally an acronym for National Association of Securities Dealers Automated Quotations
Explanation:
NASDAQ® is a publicly traded company that runs the premier electronic stock market in the U.S.The NASDAQ is known as a tech-heavy exchange. Companies trading on the NASDAQ are usually more growth-oriented. Of course, there are exceptions on both sides. independent compensation committee and independent nominating committee is not required in NASDAQ. companies have the option of executive compensation and nominating decisions made by a majority of independent directors.
It has an electronic billboard in Times Square, which lists its companies and their products. In today’s tech-savvy world, many companies see listing on the NASDAQ as a logical option considering the cost savings.
<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>
