A free market economy has two key advantages. First, it allows for individuals to innovate. Individuals have the freedom to create new ideas, new products, and new services to sell for profit. They are not required to only produce what the government tells them to produce. Due to this freedom, competition is created, forcing companies to create new products and features. A clear example of this is the cell phone market. New phones come out each year, as individuals create new ideas and new features for their consumers.
The second major advantage is that customers drive decisions. If a customers wants a certain product or feature, the producer must meet their needs in order to survive. This ultimately drives the price, as customers determine the price of products.
However, disadvantages are created from some of the advantages. Profit motive drives businesses, but can create dangers. Poor working conditions and unethical decisions can be made as entrepreneurs seek higher profits. Secondly, free markets can lead to market crashes as we saw in the great depression and the economic downturn in the early 2000's. Unemployment can lead to devastation of families.
These advantages lead to economic growth and expansion during the business cycle. However, during times of crashes and downturns, government regulation usually occurs to spur expansion again.
Free market economies rely on the unfettered forces of supply and demand. They have both strengths and weaknesses, necessitating a careful balance of market freedom and government rules. The impacts of free markets on competition, innovation, consumer prices, and wealth distribution must also be taken into account.
Explanation:Free market economies operate on the principle that supply and demand forces should function without government interference. Proponents of free-market economics believe that for any privatizable good, the marketplace is the most effective platform for exchange.
However, the process of organizing economic institutions isn't necessarily a clear-cut choice between all-market or all-government. It often requires a balancing act over the appropriate combination of market freedom and government rules. Therefore, a practical approach to microeconomic policy must take into consideration both the strengths and weaknesses of markets and government.
On the positive side, free markets encourage competition, spur innovation, and can potentially lead to lower prices for consumers. On the downside, they can also result in wealth disparities, exploitation, and market failures. It's important to have a nuanced approach to making economic policies that will not result in harm to either the market or government.
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Politics, law, culture, and economy are all examples of ________ factors that can affect the ways in which companies produce and sell their products in foreign markets.
Colgate manufactures a fruit-flavored spongebob squarepants toothpaste for kids. the age-based variable that distinguishes the market for this product is an example of a(n) _____ segmentation.
an employee's gross yearly salary is $42,500. If the employee is paid monthly, how much will the gross pay be?
The monthly gross pay for an employee with an annual salary of $42,500 is $3,541.67, calculated by dividing the annual salary by 12.
The student's question is about calculating the monthly gross pay from an annual salary. To find the monthly gross pay of an employee with an annual gross salary of $42,500, you divide the annual salary by the number of months in a year.
So, the calculation will be $42,500 divided by 12 (months)
$42,500 / 12 = $3,541.67
which equals $3,541.67. This means the employee's monthly gross pay would be $3,541.67.
What is a "highly unreasonable omission or misrepresentation involving an extreme departure from the standards of ordinary care that a practitioner should observe under the circumstances."?
Please list any additional qualifications, training, education, skills, or experience that you feel warrant consideration by amc theatres:
Do you have anything that’s unique? Have you operated in Customer Service before? That means you have x years of Customer Service experience. That is the experience that they would look at to hire you over another person who can’t put anything in there. Have you operated in food service before? Then you have x years of experience in that, too.
Job requirements at AMC theatres will vary based on the position. Unskilled roles may not need specific qualifications, but more specialized jobs might require a background in fields like computer science and related work experience. Valuable skills could include customer service, money handling, teamwork, and a passion for movies.
Explanation:The qualifications, training, education, skills, or experience that warrant consideration by AMC theatres will depend on the specific job requirements. For example, if you are applying for a factory worker position, the company may not require specific skills or qualifications. However, if you are applying for a more specialized role, such as in data management, having a strong background in computer science and relevant work experience (such as an internship with Coverall Insurance) could be advantageous.
In general, some important skills could include customer service skills, money handling skills, and the ability to work in a team. Since AMC Theaters operates within the entertainment industry, having a passion for movies and an understanding of the latest trends could also be beneficial.
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_____ refers to segmenting markets by region of a country or the world, market size, market density, or climate.
The process of distinguishing a product from its competition in real or perceived terms to attract customers is called product ________.
Measuring intelligence by testing is a rather new concept in the history of the world. the idea of such testing came from ________.
The answer to this question is that the idea of measuring intelligence by testing came from France.
Measuring intelligence or IQ came from the idea of Alfred Binet in France. Alfred Binet have to find a method on how to differentiate kids who are normal and those who are needs special attention. The government asked Mr. Binet to established a method on this, and Alfred Binet developed a theory on how to assess the intelligence or IQ of a person. Thru this he developed the Binet Scale.
Hilton hotels' use of customer information software to identify the most profitable customers to direct its services to is an example of using information systems to:
Hilton hotels use customer information software to leverage business intelligence and CRM, targeting services to their most profitable customers, which helps increase revenues and enhance customer satisfaction.
Hilton hotels' use of customer information software to identify the most profitable customers to direct its services to is an example of using information systems for business intelligence and customer relationship management (CRM). By analyzing data, Hilton can tailor its services to enhance customer satisfaction and loyalty, ultimately increasing revenues. Such systems not only support the financial and operative reporting but also allow for sophisticated data collection and analysis, often leading to more informed decisions and targeted marketing strategies. Companies like Hilton can direct specific value-added services to precise customer segments, hence optimizing profitability and resources allocation.
When total demand outpaces actual output in the economy, the economy usually enters?
If the “exact” terms of the listing agreement are met, the listing broker is entitled to a commission, even if the:
A listing broker earns a commission if the exact terms of the listing agreement are met, even if the sale does not materialize. This is due to the contractual nature of the listing agreement. The conditions set within that contract are what determine the broker’s entitlement to a commission.
Explanation:The question revolves around the circumstances under which a listing broker is entitled to a commission. According to a typical listing agreement, if the broker fulfills the conditions outlined in the agreement, they are eligible for compensation. This is true even if the seller decides not to sell, the buyer decides not to buy, or if the seller sells the property to someone that the broker did not introduce to the property. It boils down to the fact that the broker has fulfilled his contractual duties by bringing a buyer who is ready, willing, and able to purchase at the terms set by the seller.
For instance, if a listing agreement states that the broker would receive a commission if they find a buyer willing to purchase the property at a specific price, and such a buyer is found by the broker, the broker would be entitled to their commission, irrespective of whether the seller decides to follow through with the sale. The bottom line is that the agreement's terms dictate whether a commission is due. It is an arrangement that is bound by the contractual terms agreed upon by both the seller and the listing broker.
The control programs managing computer hardware and software use the ___function to control and prioritize tasks performed by the central processing unit
In aâ ________, the manager is responsible for generating revenues and controlling costs.
Under what circumstances would a firm be more likely to buy the required number of bonds
A manufacturer of lawn mowers pays for and provides local dealers with professionally-produced commercials for its products. a dealer can pay to have its name, address, and telephone number appear at the end of the commercial. the commercials are much higher quality ads than most local lawn mower dealers could afford by themselves. these commercials provided by the manufacturer for local use are an example of:
An illness that affects the brain and reduces a person's ability to cope, to adjust to every day life changes, or to get along with others is called a(n)
Being the person everyone goes to with their computer questions in an organization is an example of what type of power?
a. legitimate
b. reward
c. coercive
d. expert
As the text relates, leaders of major corporations believe that _____ is the most important skill for workers to have.
Answer:
The response options are:
a. accuracy
b. determination
c. verbalizing
d. listening
The correct answer is: d. listening
Explanation:
Many people believe that the role of leaders is to speak, give speeches, indicate tasks; But more than speaking, what distinguishes a great leader is his ability to listen: listen to his collaborators, his clients, suppliers, and so on.
Listening brings many advantages of listening and favors the work environment, when people feel listened to they are more committed to work, and not only because they want to take care of the idea or suggestion they could provide, but because in the end that is what everyone They seek, whether in an organization, the family or any other social group: to be accepted and taken into account.
When we listen to people we can discover problems or obstacles that we had not noticed before. Many times, having a leadership position, we do not have the complete vision of what happens, because we are not in the operation. We focus on coordinating, creating strategies, directing; but in the end if we want to achieve a goal, knowing the obstacles that are faced in the operation is essential, because it will allow us not only to notice them, but to implement the necessary solutions. It is here that listening becomes very important, since it is the people who are in charge of a process who know their obstacles and have the ideas to solve them. Listening allows solving problems as soon as they arise and innovate in products, in processes, in solutions.
The directors of x-lam inc., a manufacturer of electric water heaters, meet to discuss ways to increase their net profit. they decide to manufacture electric toasters and thus invest in a new product line. this investment is an example of a(n) ________ decision.
________ staff the phones, conduct internet live chats, and respond to e-mail and solve customer or employee problems. helpdesk analysts computer support technicians network administrators telecommunications technicians
Helpdesk Analysts are often the ones who staff the phones, conduct internet live chats, respond to emails, and help solve customer or employee technical problems. They work alongside other IT professionals who specialize in different areas, like Computer Support Technicians, Network Administrators, and Telecommunications Technicians.
Explanation:The role mentioned in your question, is generally carried out by Helpdesk Analysts. They serve as the first point of contact for technical support within a company, receiving inquiries from employees or customers via phone, email, and live chat. Their main responsibilities include diagnosing, troubleshooting, and solving common issues related to information systems, which range from simple operational glitches to complex network problems. Helpdesk Analysts often work in an Information Technology (IT) department along with other professionals like Computer Support Technicians, Network Administrators, and Telecommunications Technicians, who offer specialized IT support.
For example, Computer Support Technicians typically focus more on repairing and maintaining computer systems, as well as training users to handle new technologies. Network Administrators, on the other hand, are responsible for the overall health of network systems, which may include setting up and maintaining networks, and troubleshooting network-related issues. Finally, Telecommunication Technicians focus on systems that specifically involve communication, such as phone systems and Internet service providers.
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________ compensation is pay that varies depending on specified conditions such as the general profitability of the company, revenue, or individual performance targets.
The _______, upper r squaredr2, measures the proportion of total variation in the response variable that is explained by the least squares regression line.
In mathematics, the Coefficient of Determination or r² measures the percentage of variation in the dependent variable (y) explained by the independent variable (x) using the regression line. It's the square of the Correlation Coefficient (r) and provides insight into the strength and direction of a linear relationship between x and y.
Explanation:The Coefficient of Determination, indicated as r², measures the proportion of total variation in the response variable that can be interpreted by the least squares regression line. The Coefficient of Determination is the square of the correlation, or r². It's a number between 0 and 1, and, when expressed as a percent, indicates the percentage of variation in the dependent variable y that is explained by the variation in the independent variable x using the given regression (best-fit) line. As an example, if r² = 0.31 or 31%, this means that 31% of the variation in the response variable can be accounted for by the body weight of the automobile.
The Correlation Coefficient, r, reflects the strength and direction of a linear relationship between x and y. The reliability of the linear model also factors in the number of observed data points, looking at both the r and the sample size n together.
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You are a newly hired manager, and you attend your first meeting. you soon realize that the topic of discussion is the identification and documentation of the features and functions of a new information system. from your college bcis class, you recall that they would be in the ________ phase of the sdlc process.
A shift from one key to another within the same composition is called
What are the two components of a project plan?
a. people and places
b. budgeting and spending
c. follow-up and organization
d. time management and resource management?
What is the theme of once upon a time by nadine gordimer?
Answer:
One of the most important themes of "Once Upon a Time" by Nadine Gordimer is the inextricable link between fear and racism. The racist attitudes held by the inhabitants of the white suburb depicted in the story arise from an irrational fear of the "other," or the Black majority. The people who live in this suburb fear Black South Africans, not because of what they've done, but who they are.
Explanation:
What are used to organize text and are identified by the bullet style , indentation, and the size of the text in power point?
I believe the correct answer to this is:
“List levels”
There are different types of list levels to use from. We can use bullets which has different symbols to choose from. We can also use numbering and also we can have a multi level list which incorporates bullet, number and alphabets.
Bullets, bullet style, indentation, and text size are used to organize text in PowerPoint slides.
Explanation:In PowerPoint, bullets are used to organize text. They are identified by the bullet style, which can be customized, and the indentation of the text. The size of the text can also be adjusted to further organize the content in the slides.
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True or false: when a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.
The answer to this question is False.
Free trade is an international trade (import and export) that has no restrictions and tariffs. Free trade has the following benefits it will increase exports, free trade will increase competition in the market, it can reduce tariffs, it can help a country make use of surplus raw materials, and it will increase economic welfare.
Answer:
false
Explanation:
took the test
A ______ exists when there is a substantial difference between an expected condition and the actual condition.
Buyers' requests for products is called _______.