When a quota is implemented, it restricts the amount of goods that can be imported into a country. This results in a higher price for the goods within the country due to the limited supply.
The quota price is typically higher than the world price because it is set to account for the limited supply and increased demand. Additionally, the total quantity traded is typically lower because the quota limits the amount that can be imported. This creates a situation where the demand for the limited supply of goods is higher, resulting in a higher price for consumers. When there is a quota, the quota price is higher than the world price, and the total quantity traded is lower. A quota restricts the amount of a certain good that can be imported or exported, leading to a limited supply. As a result, the price of the good increases due to the lower availability. With a higher price and limited supply, the total quantity traded is reduced, as fewer consumers are willing or able to purchase the good at the increased price. So, the correct answer is D. Higher, Higher.
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There are now twice as many people in the household, but your income has also doubled. Is your new tax liability about twice as much as when you were single, more than twice as much, or less than twice as much? Tell whether you think this difference- or the lack of one- seems fair
Answer:
It is fair because due to marriage the resources tends to accumulate and thus the common expenses like living housing eating costs goes down than they were sustaining when they were not married.
Explanation:
Solution
It will result in higher tax due to the marginal rate rising due to increase in income plus due to joint filing after marriage.
The difference seems to be fair from the point of view that due to marriage the resources become pooled and thus the common expenses like living housing eating costs come down than they were incurring when they were single. Hence, they can now afford to pay higher taxes and it kind of does seem fair.
Vail is one of the largest ski resorts in the united states. suppose that on october 1, 2024, vail sells gift cards (lift passes) for $103,000. the gift cards are redeemable for one day of skiing during the upcoming winter season. the gift cards expire on april 1, 2025. customers redeem gift cards of $20,300 in december, $30,300 in january, $25,300 in february, and $15,300 in march.
1. record the sale of gift cards on october 1, 2024.
2. record the redemption of gift cards as of december 31, 2024.
3.record the redemption of gift cards in 2025 by preparing a summary entry as of march 31, 2025.
4. record the expiration (breakage) of gift cards on april 1, 2025.
Debit gift cards will be converted to credit gift cards at the following dates: October 1, 2024, December 31, 2024, March 31, 2025, and April 1, 2025. Debit gift cards will be converted to credit gift cards at the following dates: 15,300$ on March 31 and 37,100$ on April 1.
What details are printed on gift cards?It doesn't have to be difficult, and your customers will notice it more readily if it is more transparent. We advise writing your address, email, website, or other contact details on the gift card's back. You want to be discoverable by others.
What are gift cards and how do they operate?An alternative method of payment is a gift card. It is also like a gesture of goodwill for the customers.
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define finance education for class 8
Please Help!!!! My 5th time posting this please actually help me!
In the workplace, new devices and technologies are transforming the way we exchange information and conduct business. List and concisely describe at least six electronic communication channels used most commonly by businesspeople today.
Answer: My answer is in the photo below. Hope it helps.
List the five (5) Traits of an Entrepreneur 1. 2. 3. 4. 5.
Answer:
Passion. For those uninitiated, entrepreneurs are not in it for the money. ...
Resilience. ...
Strong Sense of Self. ...
Flexibility. ...
Vision.
Explanation:
Resolute motivation and passion. The first and foremost quality of a successful entrepreneur is passion. ...
Self-discipline. This is one of the most essential characteristics of a successful entrepreneur. ...
Risk-taking ability. ...
Creative thinking. ...
Persistence.
Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answer:
it's taxes
EXPLANATION:
Suppose that the local daily demand for iced coffee drinks is given by the demand function: Q=300-25P, where P is the price of an iced coffee drink.
a. Construct this demand curve in black. Place the quantity of iced coffee drinks demanded on the horizontal axis and the price of an iced coffee drink on the vertical axis.
b. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. What is the new demand function (i.e., equation)?
c. Suppose that iced coffee drinks are a normal good, and that consumers’ incomes fall. The demand for iced coffee drinks decreases by 50 units at every price. Construct the new demand function in blue.
a. To construct the demand curve, we can first use the demand function provided, Q=300-25P. To plot this on a graph, we can plug in different values of P to find the corresponding values of Q. For example:
When P = 0, Q = 300-25(0) = 300
When P = 1, Q = 300-25(1) = 275
When P = 2, Q = 300-25(2) = 250
We can plot these points on a graph with Q on the horizontal axis and P on the vertical axis, and connect them to form the demand curve.
b. The new demand function would be Q = 250-25P.
c. To construct the new demand function in blue, we can start with the same process as before, using the new demand function, Q = 250-25P.
For example:
When P = 0, Q = 250-25(0) = 250
When P = 1, Q = 250-25(1) = 225
When P = 2, Q = 250-25(2) = 200
We can plot these points on the same graph as before, but this time use blue color to distinguish it from the previous demand function.
if you are competing with several other firms in the submission of a proposal, one way to stand out from the competitors is to
One way to stand out from competitors when submitting a proposal in a competitive environment is to differentiate yourself.
Differentiation involves showcasing unique qualities, strengths, or added value that sets you apart from the competition. Here are some strategies to achieve differentiation:
1. Highlight your unique selling proposition (USP): Clearly articulate what makes your proposal or solution unique and superior to others. Emphasize the specific benefits and advantages that you offer compared to competitors.
2. Showcase your expertise and track record: Demonstrate your experience, qualifications, and successful past projects relevant to the proposal. Provide evidence of your capabilities and expertise in delivering exceptional results.
3. Offer innovative or creative solutions: Present fresh ideas, innovative approaches, or creative solutions that address the needs of the project or problem statement in a unique way. Show how your proposal brings a fresh perspective or offers a more effective solution compared to competitors.
4. Provide compelling evidence and testimonials: Support your proposal with strong evidence, data, case studies, or testimonials from satisfied clients. This helps build credibility and confidence in your capabilities.
5. Personalize and tailor your proposal: Customize your proposal to align with the specific requirements, preferences, or challenges of the client. Show that you have a deep understanding of their needs and have crafted a solution that directly addresses those needs.
6. Offer value-added service or extras: Consider including additional services, extended warranties, training programs, or ongoing support that add value to your proposal and differentiate you from the competition.
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have led to drastic changes in the ability to gather, analyze, and access
data for research.
O A. Global trends
B. Changing consumer attitudes and behaviors
C. Privacy laws
O D. Advances in technology
Answer:
d
Explanation:
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Advances in technology have led to drastic changes in the ability to gather, analyze, and access data for research. Thus the correct option is D.
What is research?Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.
By adjusting their tactics and actions, today's culture is benefiting from the quick development of digital technologies. Generating creative ideas, it aids in the rapid resolution of problems.
Since information technology radically alters the connection between people and knowledge, businesses and governments are reshaping it in order to increase productivity, increase performance, and reduce operation.
Therefore, option D is appropriate.
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I really need help with this question on an ASU leadership online class:
A group will usually only be as good as ____________________________ of the group.
Answer:
the leader
Explanation:
A group will usually be only as good as the leader of the group.
The leader of a group is the person that coordinates and controls the activities of the group. The skills of the leader and the experience he/she has will determine how well-coordinated, or otherwise, the group would be.
Hence, the quality of a leader of a group always rubs off on the general outlook of the group. That is why it is said that a group will usually be only as good as the leader of that group.
if people believe that prices are going to be higher in the future than they are today, they will:
If people believe that prices are going to be higher in the future than they are today, they will: likely engage in anticipatory buying.
What's meant by anticipatory buying?This means they may increase their current consumption, stock up on goods, or invest in assets whose value is expected to rise along with the anticipated inflation. Such behavior could lead to a surge in demand, putting upward pressure on prices in the short term.
Additionally, businesses may adjust their production levels and pricing strategies in response to the expected increase in costs.
Overall, these actions can contribute to an actual increase in prices, validating the initial beliefs and creating a self-fulfilling prophecy. It's essential for policymakers to monitor and address these inflation expectations to maintain economic stability.
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Activity: Critical Thinking Questions
1. Research is clear that charismatic power is the most impactful for a manager. Make your case for which of the other four is most useful.
2. The manager needs to create a safe environment and build credibility to get team members to follow them. What else should they do to elicit followership?
3. How can the leading function of management be leveraged within the context of Corporate Social Responsibility?
How to Answer the Critical Thinking Questions
For each of these answers you should provide three elements:
1. General Answer: Give a general response to what the question is asking or make you arguments to what the question is asking.
2. Outside Resource/s: Provide a quotation from a source outside of this textbook. This can be an academic article, news story, or popular press. This should be something that supports your argument. Use the sandwich technique explained below and cite your source in APA in text and then a list of full-text citations at the end of the homework assignment of all three sources used.
3. Personal Story: Provide a personal story that illustrates the point as well. This should be a personal experience you had, and not a hypothetical. Talk about a time from your personal, professional, family, or school life. Use the sandwich technique for this as well, which is explained below.
SANDWICH TECHNIQUE
Step 1: Provide a sentence that sets up your outside resource by answering who, what, when, or where this source is referring to.
Step 2: Provide the quoted material or story.
Step 3: Tell the reader why this is relevant to the argument you are making.
Please answer ALL and follow the instructions. Nonsense answer = Report
1. The most useful power for a manager depends on various factors, such as the specific situation, goals, and the personality and preferences of the manager.
2. To elicit followership, a manager should also:
Lead by example and demonstrate ethical and moral behaviorCommunicate a clear vision and set of goals for the teamProvide opportunities for growth and development for team membersFoster a positive and inclusive team cultureEmpower and delegate responsibilities to team members effectively3. The leading function of management can be leveraged within the context of Corporate Social Responsibility by:
Communicating and implementing the organization's CSR goals and policies throughout the teamEncouraging and supporting team members to engage in CSR initiatives and volunteer workIntegrating CSR into the team's day-to-day operations and decision-making processesMeasuring and reporting on the team's impact and progress towards CSR goals.What is Corporate social responsibility?Corporate social responsibility is a type of international private business self-regulation that tries to support philanthropic, activist, or charitable societal goals by participating in or promoting volunteer work or morally upstanding behaviors.
Corporate social responsibility is a corporate strategy that involves a company's monitoring and assurance of compliance with legal, ethical, environmental, societal, national, and international norms.
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Commercially reasonable means Multiple Choice observing industry standards and practices that are generally accepted throughout various industries as proper business practices. charging a fair price for goods and not taking advantage of others in the industry. getting the highest price possible for goods without violating the law. observing industry standards and practices that may be unique to the particular industry.
Answer:
observing industry standards and practices that may be unique to the particular industry.
Explanation:
Commercially reasonable activities are based on a standard of reasonableness. It gauges what a reasonable person or entity will do in a given situation.
For example a standard for operation is defined in an industry and used as a basis the determine if business practices of a company are reasonable or not.
It involves good faiths effort on the part of the actors to meet as much as possible a similar objective or activity under similar circumstances.
In this instance commercially reasonable is defined as observing industry standards and practices that may be unique to the particular industry.
Structures the internal acStructures the internal accounting operations of an organisation within Controlling.Counting operations of an organisation within Controlling.
Answer:
Controlling area.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Typically, it's a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
In Accounting, Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
Sap FICO is a finance and cost controlling module that avails a business firm or organization the ability to store all of their external and internal financial transaction data at the end of the trading period.
Controlling area structures the internal accounting operations of an organisation within "Controlling." Thus, it manages profits and costs of an organization which are necessary to provide informations to the management for proper decision-making and effective control of its resources.
Wilson Wonders's bonds have 12 years remaining to maturity. Interest is paid annu- ally, the bonds have a S1,000 par value, and the coupon interest rate is 10%. The Yield to Maturtty for Annual Payments bonds sell at a price of S850. What is their yield to maturity?
Answer:
approximate YTM = 12.16%.
Explanation:
the approximate yield to maturity = {coupon + [(face value - market value) / n]} / [(face value + market value) / 2]
approximate yield to maturity = {100 + [(1,000 - 850) / 12]} / [(1,000 + 850) / 2] = 112.5 / 925 = 0.1216 = 12.16%
An investor that purchases this bond at $850 can expect to earn a 12.16% return.
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
With the help of online research, write a short report on “glocalization.”
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
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u.s. beer manufacturers want to increase exports of beer to canada by lowering the price of u.s. beer in canada. for this to happen, you advise your clients to ask the united states to approach canada about
The advice that we consider asking the United States to approach Canada about removing a tariff on U.S. beer , the correct option is (c) .
A Tariff is defined as a tax on imported goods that can make them more expensive and less competitive in the market.
Removing the tariff would make U.S. beer more affordable for Canadian consumers, which could increase demand and sales for U.S. beer in Canada.
Imposing a tariff or import quota on Canadian beer could harm the U.S. beer industry and trigger retaliation from Canada.
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The given question is incomplete , the complete question is
The U.S. beer manufacturers want to increase exports of beer to Canada by lowering the price of U.S. beer in Canada. For this to happen, you advise your clients to ask the United States to approach Canada about
(a) imposing a tariff
(b) removing an export quota
(c) removing a tariff
(d) imposing an import quota .
Levels of agriculture?
Answer:
Helloooo
the steps are :-
Soil preparationmanuringirrigationweedingharvestingstoringExplanation:
thanks hope it helps
true or false? group insurance is a type of private insurance that anticipates a large group of individuals will purchase insurance through their employer and the risk is spread among those paying individuals.\
This is untrue; group insurance is a form of private insurance that assumes a sizable number of people will purchase insurance through their employer, distributing the risk among those paying individuals.
The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take insurance the time to consider what insurance is or how it risk operates.
Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for risk the insured, the company pools the risks of its clients.
Insurance policies are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their insurance property, or from liability for damage or injury given to a third party.
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when creating the income statement, which statement is accurate? multiple choice revenues minus tax expense equals gross profit. revenues minus cost of goods sold equals gross profit. revenues minus depreciation expense equals gross profit. revenues minus general operating expenses equals gross profit.
When the income statement is being created, an accurate statement is B. revenues minus cost of goods sold equals gross profit.
How to find the gross profit ?Gross profit is the amount of money a business makes after deducting costs for producing, distributing, and selling its goods or services.
A company's income statement will show gross profit, which is derived by deducting cost of goods sold (COGS) from revenue (sales). The income statement of a business will contain these numbers. Sales profit or gross income are other names for gross profit.
The gross profit, in simple terms, can be found in the income statement when cost of goods sold is subtracted from revenue.
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discuss how the central bank uses the open market operations as a sutible measure of credit control. Explain with respect to both inflation and deflation
Answer: By affecting the money in circulation
Explanation:
The central bank uses the open market operations as a sutible measure of credit control by affecting the quantity of money in circulation. It's the central bank that prints money that's being used, to avoid economical unbalance, the central bank has to regulate how the money is circulated in the country. They do this by either selling or buying government securities through open market operations. During this process the purchase government securities from commercial banks and institutions making bank assets free and more cash for loans.
Accountability, oversight, and control all fall under the definition and implementation of corporate group of answer choices profit. loyalty. care. governance. diligence.
Accountability, oversight, and control all fall under the definition and implementation of corporate governance.
Accountability refers to the responsibility and answerability of individuals or entities for their actions, decisions, and performance. It involves being answerable to stakeholders, such as shareholders, customers, employees, or the public, for the outcomes and impact of one's actions. Accountability requires transparency, integrity, and the willingness to accept consequences for one's conduct. In the context of organizations, accountability ensures that individuals and teams are held responsible for meeting objectives, adhering to ethical standards, and fulfilling obligations. It is a crucial aspect of effective governance and promotes trust, credibility, and the proper allocation of resources.
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What percent of adults, nationally, were current on all credit payments in the last year?.
78% of adults, nationally, were current on all credit payments in the last year.
What do you mean by credit card?A credit card typically functions as a replacement for cash or a cheque and typically offers an unsecured revolving line of credit. Depending on the conditions outlined in the cardholder agreement, the borrower is expected to pay at least a portion of the card's outstanding balance each billing cycle.
What is the difference between cerdit card and debit card?When you use a debit card to make a purchase, the money is nearly instantly deducted from your checking account to cover the cost of your purchase. When you use a credit card, the purchase will be added to your available credit, which means you will pay the bill later and have more time to pay.
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Samantha has been working for a law firm and earning an annual salary of $80,000. She decides to open her own practice. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. Refer to Scenario 13-5. Samantha's annual accounting costs will equal $55,200. $75,200. $80,000 $80,500 $165,700 Supply 100 200 300 400 500 600 700 800 900 1000 Dantity Refer to Figure 8-6. When the tax is imposed in this market, buyers effectively pay what amount of the $10 tax? Supply Demand + + 100 200 300 400 500 600 700 800 900 1000 + Dronni Refer to Figure 8-6. When the tax is imposed in this market, the price sellers effectively receive is $4. $6. $10. $16. $20 Supply 100 200 300 400 500 600 700 800 900 1000 imposed rice buyers Refer to Figure 8-6. When effectively pay is $4. $6. $10. $16. $20 Figure 15-5 Refer to Figure 15-5. A profit-maximizing monopoly will produce an output level of Ooo 04.
The point where the marginal cost and marginal revenue curves intersect is at an output level of Q = 4. At this output level, the price is P = $20. The shaded area represents the monopoly's profit.
Samantha's annual accounting costs will equal $75,200. When Samantha opens her own practice, her annual expenses will include the following:
Office rent: $15,000
Equipment rental: $3,000
Supplies: $1,000
Utilities: $1,200
Secretary/bookkeeper's salary: $35,000
Adding up all the annual expenses gives us a total of $55,200.
However, the start-up expenses are $20,000. Also, Samantha's salary was not mentioned. Therefore, we can assume that she intends to pay herself the same annual salary of $80,000.Adding up the start-up expenses, the annual expenses, and Samantha's salary gives:
Start-up expenses: $20,000
Samantha's salary: $80,000
Annual expenses: $55,200Total: $155,200
Refer to Figure 8-6. When the tax is imposed in this market, buyers effectively pay $6 of the $10 tax.
When a tax is imposed on a market, buyers and sellers share the burden of the tax. The buyers pay some portion of the tax, while the sellers pay the remaining portion.
In this case, the $10 tax results in a new equilibrium price of $26 and a new equilibrium quantity of 400 units. The original equilibrium price was $20, and the original equilibrium quantity was 500 units.
The tax raises the price paid by buyers, and it lowers the price received by sellers. The new price paid by buyers is $26, which is $6 higher than the original equilibrium price. The new price received by sellers is $20, which is $6 lower than the original equilibrium price.
Therefore, buyers effectively pay $6 of the $10 tax, while sellers effectively pay $4 of the $10 tax.
Refer to Figure 8-6. When the tax is imposed in this market, the price sellers effectively receive is $20. When a tax is imposed on a market, the sellers receive a lower price than the buyers pay. In this case, the $10 tax results in a new equilibrium price of $26 and a new equilibrium quantity of 400 units.
The original equilibrium price was $20, and the original equilibrium quantity was 500 units. The tax raises the price paid by buyers, and it lowers the price received by sellers. The new price paid by buyers is $26, which is $6 higher than the original equilibrium price. The new price received by sellers is $20, which is the same as the original equilibrium price. Therefore, sellers effectively receive $20, while buyers effectively pay $26 - $20 = $6 of the tax.
Refer to Figure 15-5. A profit-maximizing monopoly will produce an output level of Ooo 04. The profit-maximizing monopoly will choose an output level where marginal cost equals marginal revenue. In the graph, marginal cost is the upward-sloping curve, and marginal revenue is the downward-sloping curve.
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4. What are some of the things that could happen on the job that would cause me to resign?
Answer:
Some of the things that could happen on the job that would cause you to resign are:
A toxic work environment. If you are constantly feeling stressed, anxious, or unhappy at work, it may be time to resign. A toxic work environment can have a negative impact on your physical and mental health, and it can make it difficult to be productive.A lack of opportunities for growth. If you feel like you are not learning or growing in your current role, you may be ready to move on. A lack of opportunities for growth can lead to boredom, frustration, and a feeling of stagnation.Unrealistic expectations. If your employer is constantly setting unrealistic expectations, it can be very difficult to meet them. This can lead to stress, anxiety, and burnout.A lack of support from your manager. If you feel like your manager is not supportive of you or your work, it can be very difficult to be successful in your role. A lack of support can make it difficult to ask for help when you need it, and it can make you feel like you are not valued.A change in the company culture. If the company culture changes in a way that you do not agree with, it may be time to resign. A change in company culture can make it difficult to fit in, and it can make you feel like you are no longer a good fit for the company.A personal reason. Sometimes, you may need to resign from your job for a personal reason, such as a family emergency or a health issue. If you are facing a personal crisis, it is important to put your own needs first.How JCPenney Sailed into a Red Ocean. Your discussion to each question should not exceed 200 words.
Questions:
While all brick-and-mortar retailers face the threat of Amazon and online shopping in general, why did JCPenney perform so poorly while other retailers such as Walmart, Best Buy, or Target fare better?
Ron Johnson was hailed as a star executive at Apple, where he led the companyââ¬â¢s highly successful retail arm. As CEO of JCPenney, he applied the "Apple playbook," for example, moving JCPenney toward the higher end of the market or going with hunches ("we didnââ¬â¢t test at Apple"), rather than applying more traditional decision making. Why did his attempt to change JCPenneyââ¬â¢s strategic position from cost-leadership to a blue ocean strategy fail so spectacularly? What are some of the lessons?
You are part of the McKinsey strategy consulting team that the new CEO, Jill Soltau, retained to help turn around JCPenney. What recommendations would you give her? In particular, what type of business strategy would you want JCPenney to pursue, and how would you make the changes necessary? Be specific
1)The main factors that contribute to JCPenny's poor performance are the inability to adopt a flexible approach and focused strategy.
2) Johnson's bold effort to establish a corporate culture without motivating staff members at all levels.
3) Recommended Business Strategies for JCPenny: Reviving the brand image, Capital infusion, increasing website traffic
1.The reasons for JCPenney's failure:
The main factors that contributed to JCPenny's failure are the inability to adopt a flexible approach and focused strategy to compete with big retailers like Walmart, Target, and Amazon's aggressive digital marketing push. The continuous and nagging aggressive marketing strategies of these giant retailers impacted substantially the vision of JCPenny.
The struggle started during the recession period, it lost its customers to cheaper sellers and was not able to bring them back when the economy rebounds back.
The marketing strategy shifts the Company made in terms of its advertisement, Logo, Pricing model, and its store design in an attempt to make the business more palatable has failed.
To summarize, the factors that contribute to the fall of JCPenny were its ability to capitalize on the rapidly changing retail landscape, losing focus, shuffling of top executives, and overhauling a few key strategies, and the aggressive digital marketing strategies of Amazon and other big retailers
2. The reasons for Ron Johnson's failed attempts to change the Strategic position of JCPenny:
(i). Johnson's ambitious attempt to inculcate a corporate culture without energizing employees at all levels. The merchandising mix, Changed advertisements, Employee morale, and training were never aligned with the Revival approach Johnson. His big brand-building successful approach employed in Apple has not worked well for JCPenny.
(ii). Eliminating the Coupons from the Company's promotional strategy and banishing the annual or seasonal 'sales clearance ' selling campaign and changing the advertisement campaign with totally new content. JCPenny, considering the situation it was in, not offered to waste time on testing for the new advertisement strategy
(iii). Johnson's attempt to spark a retail revolution to create a brand vision in JCPenny, unfortunately, garnered enough support or backing from the Company. The prolonged poor performance has failed to inspire employees and other key personnel to join with Johnson's effort to push the new revival strategies.
3. Recommended Business Strategies for JCPenny
The core revival approach should be centered around Brand and culture building, Financial restructuring, and Sales restructuring.
1. Reviving the brand image with branded products to attract loyal customers back. Implementing pricing strategies that include a combination of promotional pricing, discount pricing, and price anchoring to create a comprehensive psychological pricing strategy to minimize the sales cycle.
2. Capital infusion to revive the store facelift and other promotional measures. Focus more on the corporate strategy of improving product gross margin, optimum inventory management, control on inefficient spending, and building a strong and efficient leadership team. Closing down non-performing store outlets to cut down costs and update the brand image.
3. The marketing strategy includes a bigger push towards digital or online commerce. The effort to increase enough traffic to their websites to stay competitive with other retail giants. Effective strategies to inspire shopping experience in their inhouse stores, reviving the Coupons as a promotional strategy to bring back the customers.
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Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
enlightened self-interest would be a valuable theory to introduce and apply in the approach to health and safety. multiple choice market-controlled acceptable risk government-regulated integrative
Option (a), enlightened self-interest is a useful theory to propose and utilize in the market-controlled approach and safety.
How does one go about pursuing enlightened self-interest?According to the ethical principle of "enlightened self-interest," people who act in ways that enhance the interests of others (or the interests of the group or organizations to which they belong) eventually act in ways that benefit themselves.
What is a critical component of enlightened self-interest in stress management?Accepting that you naturally have self-interest will help you feel less guilty about taking care of yourself. If you acknowledge that acting altruistically is in your best interests, you'll be more inclined to collaborate with others and modify any personality traits that restrict you from relating to people in a healthy way.
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Riverbed Corporation purchased debt investments for $54,200 on January 1, 2017. On July 1, 2017, Riverbed received cash interest of $2,300. Journalize the purchase and the receipt of interest. Assume no interest has been accrued. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
To journalize the purchase of debt investments and the receipt of cash interest, we need to record the transactions separately.
1. Journal entry for the purchase of debt investments on January 1, 2017:
Date Account Debit Credit
------------------------------------------------------------------
Jan 1, 2017 Debt Investments $54,200
Cash $54,200
Explanation:
The purchase of debt investments increases the Debt Investments account as an asset. Cash is decreased by the same amount since it is used to acquire the investments.
2. Journal entry for the receipt of cash interest on July 1, 2017:
Date Account Debit Credit
------------------------------------------------------------------
Jul 1, 2017 Cash $2,300
Interest Revenue $2,300
The receipt of cash interest increases the Cash account as an asset. Interest Revenue is recorded as income, reflecting the amount received as interest.
Please note that no interest accrual was mentioned in the problem, so we are assuming that the interest received is for the period since the purchase of debt investments on January 1, 2017, to July 1, 2017.
These are the journal entries to record the purchase of debt investments and the receipt of cash interest for Riverbed Corporation based on the information provided.
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