Tickets to a golf tournament are sold in advance for $40 each, and on the day of the event for $50 each. For the tournament to occur, at least 2000 of the 8000 tickets must be sold in advance. The minimum number of tickets to be sold is 500 tickets to maximize revenue.
What is revenue?The total income derived from the sale of products or services pertaining to a business's core operations is referred to as revenue. Because it appears at the top of the income statement, revenue, which is also known as gross sales, is frequently referred to as the "top line."
Further a company's overall earnings or profit are referred to as income, or net income. When analysts and investors talk about a company's income, they're really talking about net income, or the company's profit.
Tickets to a golf tournament are sold in advance for $40 each. The total number of tickets are 8000. So the estimated revenue of 8000 tickets will be 8000× $50 = $400000. If maximize profit the number of tickets to be sold is 500 tickets of $40 each. The revenue will be rise by $20000.
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Some have believed that emotional intelligence (EQ) is a better predictor for success then a general intelligence (IO). Do you believe this is true, why or why not?
Which arrangement represents a long-term company-wide incentive plan that provides employees with the option to purchase ownership in the company?
Employee stock option plans represents long term company wide incentive plan that provides employees with the option to purchase ownership in the company. Many companies use employee stock options plans to compensate, hold, and recruit employees. These are contracts between an employer and its employees that give employees the ability to acquire a particular number of the company's shares at a fixed price.
If the consumer has money income of $52 and the prices of j and k are $8 and $4 respectively, the consumer will maximize her utility by purchasing:
Trevor paid a total of $1.08 in fines for an overdue library book. If the penalty for overdue books is $0.09 per day, how many days late was the book? 2 days 8 days 12 days 20 days
Answer:
12 days
Explanation:
Every general purpose computer, regardless of type, requires an application package that supports business functions
Which best explains one of the benefits provided by economies of scale?
Answer: a larger customer base enables retailers to pay lower prices for wholesale goods
Explanation: Good luck :)
The first step in the ted five-step protocol for effective presentations is
what is a mixed economy?
Answer:
Mixed economy is the economic system of the economy which contain features of both capitalist and socialist economy.
Explanation:
A mixed economy is the system of an economy that has a mix of the economy.A mixed economy is the blending of a Market and a command economy.A mixed economy market place takes care of people's needs and wants.In a mixed economy, government make rule and regulations for the market.The mixed economy is considered as the best economic system by the economist until now.
What is common and expected of shoppers looking for good deals in the markets of santo domingo?
Collisions caused by fatigue are particularly likely to involve
Select all that apply. Jerry's Phone Service is a monopoly. Select the items that describe the price and quantity chosen by Jerry. will result in efficient use of resources will result in equilibrium price will maximize profits will cause shortage of goods
Answer:
Monopoly will cause shortage of goods.
Explanation:
A monopoly firm produces the level of output where the marginal cost is equal to the marginal revenue. The price is higher than the marginal cost.
This level of output is smaller than a competitive firm where the output is produced where price equals marginal cost.
This creates a shortage of goods in the market. The resources are not efficiently utilized.
Why are written documents useful in setting up a government?
Evidence-based policies are based on a ___________ of all available evidence that assesses what works and what doesn't.
Many organizations now follow the ___________ model to form teams that can handle network intrusions and attacks quickly and effectively.
What changes have increased the risk associated with the santa ana winds in southern california?
Any activity that does not add value to the good or service in the eyes of the consumer is ________.
in a formal business document, a works cited list usually appears
Answer: at the end
Explanation:
Match each scenario with the step in the home-buying process it describes
Answer: The correct answers in order are Closing, Appraisal, Inspection and Prequalification.
Explanation: As a person is going through the steps to purchase a home there are a number of steps that will occur.
During the closing Jane has to pay the fees in order to complete the purchase.
The appraisal involves the bank getting an independent value on the home.
During an inspection a license professional may find mold in the basement.
In the prequalification process Jane would have her financial status verified and would get a mortgage estimate.
When walmart gathers information about what target is doing so as to be more proactive, walmart is engaged in ________?
When Walmart gathers information about Target to be more proactive, it is engaged in competitive intelligence.
When Walmart gathers information about what Target is doing so as to be more proactive, it is engaged in competitive intelligence. Competitive intelligence involves gathering and analyzing information about competitors in order to make informed business decisions.
In this case, Walmart is being proactive by studying Target's strategies, marketing campaigns, pricing, and other factors to gain insights and improve its own business strategies. By staying aware of what Target is doing, Walmart can identify areas where it can outperform its competitor and make strategic adjustments to stay ahead.
Overall, proactive competitive intelligence helps companies like Walmart understand the market landscape, anticipate changes, and make informed decisions to gain a competitive advantage.
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Iron triangles have given way to _____ over the years. intergovernmental lobbying issue networks reverse lobbying iron squares
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
What has happened to newspapers and news stations since the advent of internet news?
Answer:
CREATED WEBSITES OR GONE OUT OF BUSINESS !!!
Explanation:
Product differentiation describes registered differences in product characteristics. only occurs when there is brand loyalty. provides an advantage in the market. is usually nonexistent.
Final answer:
Product differentiation refers to actions taken by firms to make consumers perceive their products as different from competitors. It can be achieved through physical aspects, location, intangible aspects, and consumer perceptions. Product differentiation provides a competitive advantage in the market.
Explanation:
Product differentiation refers to any action that firms take to make consumers perceive their products as different from those of their competitors. It can be achieved through various means such as physical aspects of the product, location of sale, intangible aspects, and consumer perceptions.
For example, a company may differentiate its product by offering a guarantee of satisfaction, free delivery services, or a reputation for high quality. Product differentiation can also occur in the minds of buyers due to past habits and advertising, leading to brand preferences.
Product differentiation is advantageous in the market as it helps companies stand out, attract customers, and create brand loyalty. It allows companies to charge higher prices and gain a competitive edge over their rivals.
A voip caller wishing to contact another sends an invite message to ________.
What is persecution?
Compare the world population index for 1960 to the world population index for 2000. then express the world population in 2000 as a percentage of world population in 1960.
The answer is 200%.
If we see the world population index and compare the population in 1960 and 2000, we see that population in 2000 is double than 1960.
World population in 1960 = 3,007,751
World population in 2000 = 6,104,538 which is approximately double than 1960.
So when we express it as percentage multiply 2 with 100 and we get the percentage 200.
“All doctors should be men, because they are better at math and science,” is an example of a _____.
“All doctors should be men, because they are better at math and science,” is an example of a gender stereotype. A stereotype is how someone views another person and classifies them into a set category. By saying all doctors should be men because they are better at math and science, there is a stereotype against women not being good at math and science therefor they shouldn't be doctors. The gender comes into play when saying that a man is better at something over a woman.
Nike _________________ its products in foreign countries, where labor is cheap and production sites are owned by other companies. this strategy allows nike to experiment in new markets without incurring large start-up costs involved with building their own production facilities.
Nike outsources its production to foreign countries to lower startup costs and tap into new markets. Outsourcing has led to the rise of sweatshops with dire labor conditions, widely criticized by human rights advocates. This business strategy, fueled by global trade policies, seeks to maximize profits by exploiting lower costs in developing countries.
Explanation:Nike outsources its products in foreign countries, taking advantage of cheap labor and production sites owned by other companies. This outsourcing strategy enables Nike to delve into new markets without the substantial initial costs that come with constructing production facilities. However, outsourcing has led to the creation of sweatshops, which are factories where laborers, often including women and children, work in hazardous conditions for meager wages. The conditions in these sweatshops can be perilous, as highlighted by the tragic Rana Plaza building collapse in Bangladesh in 2013.
Multinational corporations (MNCs) like Nike are drawn to countries with lower production costs, including cheaper labor and existing industrial infrastructure. These corporations have been subjected to criticism for their profit-driven strategies, which exploit the labor of poorly paid workers in unsafe environments. Furthermore, the transition of factories from developed countries to places like China and Bangladesh impacts job availability domestically and contributes to economic shifts worldwide.
Trade policies and the lowering of trading barriers have also facilitated the movement of manufacturing to countries where operation costs are lower. For instance, automobile manufacturers have set up assembly plants in Mexico to utilize the lower wage rates. These actions are part of a global phenomenon of companies seeking the most cost-effective production options, often at the expense of the labor force in these developing regions
Several studies have indicated that strategic decision making is enhanced by using _____________.
Before you purchase an internal laptop part to replace a broken one, what should you verify?
Before you purchase an internal laptop part to replace a broken one, you should verify its compatibility with the brand of your laptop. It is important to save cost – because almost all parts are expensive. It is important to save time, too.