Your company has just made the scientific breakthrough of the century. it has invented a tattoo cream that permanently removes unwanted tattoos. twelve applications of the skin cream solution results in smooth, tattoo-free skin without the need for costly plastic surgery. there are other products that claim that they eliminate tattoos, but they only conceal rather than remove tattoos. assume that the product has been positioned as a specialty good and that it is in the introduction stage of the product life cycle. as the product manager for tattoo skin solutions; what pricing strategy would you recommend to market your product?

Hierarchical structures promote efficient decision-making by establishing clear lines of authority and accountability. This clarity streamlines processes, reduces ambiguity, and ensures decisions are made promptly by individuals with appropriate expertise, enhancing organizational effectiveness.a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

The statement that serves as an argument in favor of creating a hierarchical structure in an organization is:

a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

Hierarchical structures establish a chain of command, delineating specific roles and responsibilities for each level of management. This clarity in authority and accountability streamlines decision-making processes by ensuring that decisions are made by individuals with the appropriate expertise and authority. Moreover, it creates a framework where employees understand who they report to and who they can seek guidance from, thereby reducing ambiguity and potential conflicts.

By having a clear hierarchy, organizations can allocate resources effectively and respond swiftly to challenges or opportunities. Decisions can be made promptly without getting bogged down in bureaucracy or confusion about roles. This efficiency is crucial in today's fast-paced business environment where agility and adaptability are paramount for success.

Overall, hierarchical structures provide a framework for efficient decision-making, which is essential for organizational effectiveness and competitiveness in dynamic markets. Therefore, this argument supports the establishment of hierarchical structures within organizations.

Q-Which of these statements is an argument in favor of creating a hierarchical structure in an organization?

a) "Hierarchical structures promote clear lines of authority and accountability, enhancing decision-making efficiency."

b) "Hierarchical structures allow for better control and coordination of tasks across different levels of the organization."

c) "Hierarchical structures facilitate career advancement and provide employees with a clear path for progression."

d) "Hierarchical structures enable specialization and division of labor, leading to increased productivity and expertise."

e) "Hierarchical structures foster a sense of order and stability within the organization, promoting discipline and adherence to policies."

To calculate the absolute value of the price elasticity of demand, use the simple percentage change method. In this case, the demand for bus tickets is elastic, so the bus company should decrease the ticket price to increase revenues.

To calculate the absolute value of the price elasticity of demand, we need to use the simple percentage change method. The formula for calculating price elasticity of demand is to divide the percentage change in the quantity requested by the percentage change in price. In this case, the initial quantity demanded is 513 and the final quantity demanded is 249, while the initial price is $0.88 and the final price is $0.99.

The percentage change in quantity demanded is (513 - 249) / 513 = 0.515 and the percentage change in price is (0.99 - 0.88) / 0.88 = 0.125. Therefore, the absolute value of the price elasticity of demand is 0.515 / 0.125 = 4.12.

Since the absolute value of the price elasticity of demand is greater than 1, this means that the demand for bus tickets is elastic. Thus, the bus company should decrease the ticket price in order to increase revenues.

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Answer:

Staff position

Explanation:

I believe the answer is: Bonds pay a specified amount at maturity.

The maturity date that set up within the bonds usually can take months. Within that months, the amount of money that investors give would lie dormant and cannot be allocated to something else. Because of this, until the bonds actually mature,  it could be perceived as the bonds not generating any income.

The restaurant can be accused of puffery. In terms of law, puffery is an advertising declaration or claim that states subjective rather than objective opinions, which no "reasonable person" would take accurately. Puffery functions to "puff up" an overstated image of what is being labelled and is particularly featured in statements.

A restaurant claiming to have the 'world's best cup of coffee' might be practising puffery with exaggerated marketing and the FTC allows such subjective statements under the 'let the buyer beware' principle.

When a restaurant claims that it sells the world's best cup of coffee, it may be accused of using exaggerated marketing language or puffery. Puffery is subjective advertising that is not expected to be taken literally by consumers. However, the Federal Trade Commission (FTC) monitors advertising claims to prevent deceptive practices but allows for some leeway when claims are not factual statements but are instead subjective opinions. The FTC acts under the principle of caveat emptor, which means 'let the buyer beware'. This acknowledges that while some advertising can be exaggerated, it is ultimately the responsibility of the consumer to judge the truthfulness of such claims.

The correct answer is C. How high the cost of living is in that city

Explanation:

The cost of living refers to the money you need to have to cover basic needs this includes the cost of housing, food, transportation, entertainment, among others. In the case you begin your career in a place you have not lived in before, one of the elements that is possible to know is the cost of living in that city because it is quite easy to look for information such as the cost of buying/renting an apartment, house or room; the cost of transportation; the cost of food; etc. because you can get this information through internet or by visiting the city one day. Also, other such as whether you will enjoy the city, how many people will have the same occupation or what are the best places to eat or shop cannot are aspects you will know only once live in the city.

A company plans to amortize an intangible asset, when they journalize the amortization amount, they should debit an expense account and credit an accumulated amortization account. The standard practice for accounting for amortization expense is to debit an amortization expense account and credit an accumulated amortization account.

Final answer:

When journalizing the amortization amount, a company debits an expense account and credits the accumulated amortization account.

Explanation:

When journalizing the amortization amount for an intangible asset, a company should debit an expense account and credit the accumulated amortization account.

The expense account represents the amount being recognized as an expense in the current period, reflecting the gradual use of the intangible asset over time. On the other hand, the accumulated amortization account tracks the total amount that has been amortized since the asset was acquired.

By debiting an expense account and crediting the accumulated amortization account, the company properly records the recognition of the used-up value of the intangible asset while maintaining a clear record of the cumulative amortization.

It is more professional than an email is the main reason of the preferring to send a print business letter rather than an email for an initial contact.

The term email refers to the part of the communication. The email are the medium of the communication as the mostly used to the marketing and the information purposes. The email are the official purposes are the used. The email are the tool of the marketing to the promoted.

According to the Company Act, the public relation was the most important on the maintain the external public relation. The profession email was the quick sending, but there was not to the professional. The business letter was the more effective to the email.

As a result, the significance of the email are the aforementioned.

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Among the following that best describes about Cheryl education situation is blended learning. Option B is correct.

A type of teaching called blended learning, often referred to as technology-mediated instruction, web-enhanced instruction, or mixed-mode instruction, mixes online educational resources and possibilities for online engagement with traditional classroom techniques.

Further the teaching approach known as blended learning, also referred to as hybrid learning, combines technology and digital media with traditional instructor-led classroom activities to provide students more freedom to tailor their educational experiences.

Therefore Cheryl is taking classes at an institution that offers face-to-face time with her instructor and classmates and also online time that she can perform at work or at home is learning under blended learning.

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Complying with environmental laws is part of which operations activity is Purchasing. Option (D) is correct.

In order to control conduct, social or political entities make laws that are then enforced.

The process of getting a product from a raw material to a consumer is called supply chain management. Supply management, product and demand planning, sales and operations planning, and supply planning are all included.

Operations management's main purpose is to plan, organize, and strategize everyday tasks and routines. A well-executed strategy can assist in helping a company accomplish its deadlines and production targets.

Therefore, Option (D) is correct. Complying with environmental laws is part of which operations activity is Purchasing.

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Leader-member relationship are nice,  the task is unstructured, and structure power is weak. A leader you find yourself in a situation where you have good working relationships with employees, the task is structured, and you have and can exercise strong position power. Your leadership behavior and style should be, task-oriented.  

The monthly birthday celebration by the ABC Company's manager reflects a transformational leadership style focused on individualized consideration and team morale.

The manager of the ABC Company, who celebrates employees' birthdays monthly, is demonstrating a transformational leadership style. Transformational leadership involves utilizing charisma, inspiration, and a focus on individualized consideration to motivate employees. This contrasts with a transactional leadership style, which would more likely focus on supervision and achieving organizational goals through systems of rewards and punishments without as much emphasis on such social celebrations.

However, it could be argued that celebrating birthdays might also align with the contingent rewards aspect of a transactional leadership style, where rewards are given for achievements, but the overall spirit of celebrating birthdays to boost relational goals leans more towards the transformational approach.

Here are some decisions that are not included in operations management planning: Product design ,Pricing, Sales, Marketing, Human resources, Finance, Legal, Strategy.

Planning for operations management is centered on ensuring that goods and services are produced effectively and efficiently. It excludes choices made about other business-related issues such product design, price, sales, marketing, human resources, finances, legal issues, and strategy.

Usually, other firm divisions or executives make these decisions. For instance, the product design team is in charge of creating goods that satisfy both client wants and business objectives. Pricing and customer promotion of products fall under the purview of the marketing department. The recruiting and management of personnel fall within the purview of the human resources division. The company's finances are managed by the finance department. The legal division is in charge of making sure the business abides by the law.

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Bowl More Lanes should focus on strategies that convert customer intentions into actual behavior, addressing the 5% gap between the intention to bowl and having bowled.

Based on the hierarchy of effects model, Bowl More Lanes discovers that there is a reduction in percentages at each stage of customer engagement from awareness to actual behavior. The percentages are 95% for awareness, 85% for knowledge, 80% for liking, 70% for intentions, and 65% for actual behavior. Bowl More should concentrate its promotional efforts on converting intentions into actual behavior, as there is a drop from 70% of the target market intending to bowl there to only 65% who have bowled there. This indicates that while a majority of their target market has a positive view and intention towards Bowl More, there is a 5% gap between intention and action that the promotional efforts could aim to close through strategies such as targeted incentives, reminders, or addressing barriers to action.

Final answer:

GoPro ensured the success of its products by avoiding common new-product failure reasons such as poor design, lack of uniqueness, and inadequate understanding of consumer needs.

Explanation:

There are eight commonly identified reasons for new-product failure, which include poor design, lack of a unique selling proposition, misunderstanding consumer needs, and poor marketing strategy, among others. GoPro, with its strong brand identity, innovative technology, and ability to tap into the passion of its user base, effectively navigated around these issues. The company offered a durable, high-quality product that fulfilled a unique consumer demand and marketed it adeptly through association with adventure sports and user-generated content.

GoPro's innovative technology played a significant role in its success by offering a product that not only met the durability and functionality expectations but also came with a unique selling point the ability to capture action from the user's point of view. This innovation captured the interest of not just adventure enthusiasts but also broader audiences looking for compact, durable cameras.