Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Albert has no friends or family living near by, so he would only be using one ticket. He mentions this to an acquaintance at work, Rashid. Rashid thinks to himself that he would like to see the movie. He starts haggling with Albert over the purchase of the remaining ticket. Assuming that both Albert and Rashid are rational, self-interested people, what price will they eventually agree on? Explain your answer.
Q: 6.Business and Industry Profile. This section provides an overview of the industry and market…
A: Our ice cream company name is 'Cream Milk It' Overview of industry - whipped milk It was founded by…
Q: akealot.com was officially launched in June 2011, following the successful acquisition of an…
A: Introduction: Service is an intangible entity where a business is performing something as per the…
Q: Describe the differences between internal and external communications and formal and informal…
A: Following are the point of difference: Internal Communication External Communication When…
Q: What countries or areas do you feel pose political risk sufficient to discourage you from doing…
A: Political risk means that the government is unstable in performing their activities. The government…
Q: Pricing policy not only influences the company's sales and revenues but also reflects the image of…
A: Pricing Strategy refers to the setting of prices for the products and services sold by an…
Q: A manager is in a dilemma whether to purchase boards for kitchen cabinets from a vendor at $6 each…
A: Breakeven point analysis helps to identify the levels of sales or production needed to cover the…
Q: Write an article on your favourite social media presence of an organisation.
A: The rising use of social media among people has been determined as a good business opportunity by…
Q: Identify two Strategic workforce planning approaches that can be used to Recruit and select staffs,…
A: Strategic workforce planning is a process that companies use to ensure that they have the right…
Q: Write down about different concepts of marketing?
A: Introduction The marketing concept is a way of life in which a business uses all of its resources to…
Q: What types of product do you think generally are associated with brand-loyal decision making and…
A: It is true that in general customers are are more willing to associate with brand loyalty in certain…
Q: How does the Cluster Analysis support strategic Marketing decision-making? What are the various…
A: The decision-making process can be elaborated as a business activity in which the managers and staff…
Q: Distinguish among the four types of business markets.
A: Business marketing is frequently directed at individuals within an organization who act on behalf of…
Q: Compare and contrast the consumer culture and environment between an industrialized, developed…
A: Every country has different economic characteristics and consumer behaviour as per the…
Q: escription an all jobs be analyz
A: Job analysis refers to the identification of the content of job with relation to the activities or…
Q: Identify the stages of the business buying decision process. How is this decision process used when…
A: Understanding the consumer decision-making process is critical for any business, but eCommerce…
Q: Analysis on the evolution of marketing: traditional vs. modern marketing.
A: Choosing and overseeing the companies and contractors that create marketing collateral and/or offer…
Q: Our class has found a local store that would like to sell our student's totes. We decide that we…
A: The value that a seller adds to the cost price of a product is referred to as markup. Usually, the…
Q: How do you measure the effectiveness of a training programme while ensuring that participants have…
A: The long-term success of any organization's training program depends on measuring training efficacy.…
Q: Consider the bottom line of all marketing activities. In which of the marketing activity (you can…
A: Integrated marketing is a technique of marketing communication where a 360-degree approach is used…
Q: What ist marketing automatization and how it works?
A: To automate time-consuming marketing operations, software is employed in marketing automation. To…
Q: In your own words, explain economic needs and how they relate to the economic-buyer model of…
A: A company's products and services are promoted using the 4Ps of the marketing mix in order to boost…
Q: Discuss the types of Abandonment in e-commerce
A: Abandonment means that the users visit any website, access the information available and after…
Q: Trading online involves developing multichannel strategies. Give three examples of potential…
A: A channel is the most critical constituent of any business's marketing model. It acts as a medium…
Q: How does the following affect global business; Religion Personal Communication Education…
A: Ans. Introduction All of the given factors such as religion, personal communication, Education…
Q: You have been tasked by Corica Pastries, to setup a retail location anywhere in Malaysia, to…
A: The business environment determines the atmospheric area within which the business is planning to…
Q: print advertisement from a magazine (or, alternatively, you can also find an advertisement online)…
A: Disney is one of the iconic companies which is known for its theme parks across the world. The…
Q: Sharmin has decided to open a new Pie Face (meat pies, pastries) store, which is a franchise with…
A: Distribution (Marketing) is one of the four elements of the advertising mix. The process of making a…
Q: Why is selecting appropriate target markets important for an organization that wants to adopt the…
A: Although it may take some time initially, identifying a target market allows you to focus your…
Q: the opportunities for digital marketing be? Give at least three examples.
A: If I had a home furniture company, the opportunities for digital marketing would be-
Q: Analysis of the watermelon oreos marketing environment?
A: Oreo is a company that produces sandwich cookies and biscuits. It was established by Nabisco in…
Q: Q1 a) Using an appropriate model with a diagram, explain in detail Nora's demand for cheese.
A: Demand is basically what a person desires to have. for every thing or item, one must purchase it and…
Q: [Insert your responses to the following questions: Analyze a business owner’s decision making…
A: Limitations on showcase entry may influence the entrepreneur's decision to enter. These constraints…
Q: What current events, movement in the economy and socio-cultural happenings the digital marketing is…
A: Digital Marketing can be referred to as the technique of marketing that is used by the marketers to…
Q: ___________________ are the features that the consumer believes a product should have, such as a…
A: Market is a place where seller sells the product and buyer buys the product. Seller exhange the…
Q: Southwest Airlines begins a “Bags Fly Free” campaign, charging no fees for the first and second…
A: Market competition can be referred to as the rivalry that exists between companies operating similar…
Q: Give 3 recommedation how to expose the society to the crowdfunding campaign.
A: Introduction: Crowd funding is a type of crowd sourcing where an organization pulls some amount of…
Q: Define international marketing.
A: Every company will create value using production for the consumers and will exchange that value with…
Q: What is a sales forecast? Why is it important?
A: To make informed decisions, an accurate forecast of future sales is required. Sales forecasting…
Q: channel of distribution refers to the actual movement of products as they travel from the producer…
A: Every product moves through different stages beginning from the production to the consumption. The…
Q: George Castilla willingly paid $499 for an Android phone on the day it hit the market, even though…
A: AS PER HONOR CODE, I HAVE TO SOLVE ONLY 1 QUESTION. SO, YOU HAVE TO REPOST THE ANOTHER QUESTIONS TO…
Q: This refers to measure of how well customer expectation from a purchased product or service have…
A: Disclaimer: Since you have posted multiple questions, we'll solve the first question for you. If you…
Q: How are business ethics and social responsibility related?
A: Business Ethics We are all taught normal ethics at a young age. Don’t steal, don’t cheat, and don’t…
Q: Discuss two issues of discrimination that can occur at the workplace. What actions would you…
A: When someone is treated less favorably than others due to a personal characteristic about themself…
Q: A.....................sample is one for which you sample whoever who are able to find around you.…
A: Ans. 1.) Introduction Sampling means taking pre-determined observations from a large number of…
Q: You have been tasked by Corica Pastries, to setup a retail location anywhere in Malaysia, to…
A: The business environment is a mixture of micro and macro variables that have a direct or indirect…
Q: Which one of the factors of the general environment was most affected by Covid? Demographic…
A: Covid-19 pandemic had started in China and had spread around the world. As a result of pandemic…
Q: Consider the Characteristics of the Marketing Communications Mix and create a communications mix…
A: Let's consider a business to be explained here to be the pizza business that provides dine-in and…
Q: What are the major stages in the consumer buying decision process? Are all these stages used in all…
A: Consumer behaviour is said to field of study where customers' personality and characteristics are…
Q: What role do geographic variables play in Ski Butternut’s segmentation and targeting?
A: This particular issue involves a family-run business that often targets family skiers. Company is a…
Q: When it comes to technology, are there more advantages than drawbacks?
A: Technology: It is a systematic application of scientific knowledge used to perform various tasks. It…
Step by step
Solved in 2 steps
- The Chipotle Mexican Grill In 1993, Steve Ells opened a burrito-and-taco restaurant in a Denver storefront, not far from the University of Denver campus and popular with students. He named it Chipotle Mexican Grill, after the dried pepper common in Mexican cooking. A trained chef and and graduate of the Culinary Institute of America, Steve's idea was for Chipotle to be a cash cow to help him finance a "real" upscale restaurant. Chipotle, however, began branching out: first to several locations in an around Denver, then eventually nationwide. In 1998, McDonald's bought a 91% stake in Chipotle, this was followed by a 2006 initial public offering in which McDonald's retained 69% of the stock and 88% of voting rights. By the end of 2005, there were about 500 Chipotle outlets generating approximately $600 million in sales annually. Currently, about 15,000 people are employed by Chipotle. Steve Ells still serves as the chairman and CEO. What accounts for the success? For starters: a…An elderly widow wanted to supplement her monthly Social Security income and was advised by her son to obtain a reverse annuity mortgage on the home she bought over 30 years ago for $2,500,000 with her late husband in Beverly Hills, California. If her home was recently appraised for $6,000,000 and if the lender’s RAM program allows for a maximum RAM loan of 90% of the appraised value, what monthly payment would be received by the widow if the RAM loan payments are to be made monthly over 10 years and if the annual interest rate on the RAM loan is 5%? a.$34,775 b.$38,639 c.$63,639 d.$57,275I am driving alone in the desert when I notice that my radiator is overheating. Fortunately I find a gasoline station, but they don't have any radiator fluid. A guy who works there says he has 5 gallons of antifreeze and a 10 gallon container for water and that he will sell me both for $50. Because l'm desperate to get to the next town, I pay the guy. This would be an example of the effect a Linfluence might have on the consumer's purchase decision. A Psychological В Situational C External environmental D Sub-Cultural
- George has three children from a prior marriage and marries Wendy who moves into the family home. Wendy has no children, and George and Wendy have no children together. George on his death plans to leave the family home to his children, but would like to provide for Wendy should she survive him including giving her continued rights to reside in what has become her family home too until she passes away. Of the following alternatives what might you suggest as being the most appropriate to accommodate for this? For George under his Will to grant to Wendy a permanent right of occupation of the family home For George under his Will to grant to Wendy a life interest in the family home For George under his Will to gift the home to Wendy, with the promise that Wendy will on her death leave the home to George's childrenHyewon Kim owns her own catering business. She continually monitors her other expense costs, including the cost of liability insurance for drivers of her catering vans. This year, Hyewon’s auto insurer advises her that insurance rates for her coverage will increase by 15 percent next year. The insurance company also states that if Hyewon will institute a preemployment drug-testing program for those employees who will drive her vans, there will be no insurance rate increase. Hyewon does not currently require potential employees to agree to be drug-tested prior to becoming employed in her business, but it is legal to do so in her state. What should Hyewon tell potential employees about her reason for implementing a preemployment drug-testing program? What should she do if a potential employee refuses to agree to the test?Letty is 17 years old. She just got her driver's license and is excited to buy her first car. She sees an ad on Craig's List for a 2010 Shelby GT500 for sale that peeks her interest. It is her favorite color, pink, in excellent condition with only 5,000 miles, and a convertible just like she wants. She calls the seller, Dominic, and tells him she wants to buy it. Dominic tells Letty the car is $30,000 and gives her his address so she can pick up the car and bring him the money. The next day Letty brings Dominic a check and drives the car home. Dominic was so excited about selling the car that before Letty arrived he decided to celebrate and drank 6 tequila shots and 3 beers. Dominic is quite a character, he loves to party and drinks almost every day. He's also somewhat of a daredevil and many of his friends describe him as fun but a little crazy. On his Facebook page he brags about how crazy he is. Three months later, Letty turns 18. She and her friends celebrate her birthday by going…
- Alberto sold a lot. Data relating to the sale of the lot are as follows: Fair market value P10,000,000 12,000,000 6,000,000 Selling price Cost What are the amounts subject to the following 11. income taxWhen SS Electroplating Company started the electroplating operations in a residential location in Bengaluru, it received a notice from the pollution Control Board to install the effluent treatment plant within 15 days, failing which they would seal the plant. The Director of the company collected the information that it would cost about 10,00,000 to buy an effluent treatment plant, an area of about 600 sq.feet to install it over a period of 2-3 months, & running cost of about 40,000 per month for the purchase of material like costic soda & others. The effluent contained nickel, synide, cromium, cadminum & zinc, which were to be treated separately using different chemicals. After effluent liquid of about 800 litres per day was treated, the sludge was to be dried, packed, stored & dumped in a government notified place. The entire process would not only cost substantial amount, but also would need additional area of about 600-700 sq. feet The company gathered information…Nylah and Toddare friends. Nylah is engaged and wants to have the wedding of her dreams, but she cannot afford it. Todd wants to help with this, so he tells Nylah he will give her $10,000 today, and she can pay him back in monthly installments of $100 beginning next month when she returns from her honeymoon. Nylah agrees and does have the wedding of her dreams. A month later, Todd asks Nylah for the first installment of $100. Nylah refuses. Todd sues Nylah. The court will a. order Nylah to pay Todd the money because there was consideration. b. not order Nylah to pay the money because there was nothing in writing. c. not order Nylah to pay the money because they are friends. d. order Nylah to pay Todd the money because there was noconsideration.
- 0 1) John emailed Jane enquiring if she is willing to sell her prized breeding dog Max to him. John is currently seeking to boost his stock of breeding dogs and knows the quality of breeding dogs that Jane currently has. He pointed out in his email to Jane, that if she agrees, for her to email to him the price she is willing to sell Max for. Jane subsequently emailed John and stated, "The lowest price she is willing to accept for any of her dog Max is $10,000". John replied immediately that he agreed to buy Max for the $10,000. The next day John visited Jane with the $10,000 and to collect his dog. However, Jane refused to give him Max. John thereafter took legal action against Jane, because he was of the view that he had a valid agreement for the purchase of Max. Advised Jane on whether or not a valid agreement existed between John and her.Read and analyze the following situation: Pedro Pérez visits the ABCD car dealership to purchase a truck to transport bananas. The cost of the vehicle is $30,000.00.In order to acquire the vehicle, Pedro Pérez seeks financing with Bank XYZ.If Pedro Pérez does not pay Bank XYZ, said bank may take away the vehicle.Once Pedro Pérez acquires the vehicle, he uses it to transport the bananas, from the property of farmer Juan Buenagricultor, to the market square. For this management, Pedro Pérez charges him $500.00 for each trip.The sale of Juan Buenagricultor's bananas in the market square is managed by Juan del Rey. Juan del Rey is in charge of selling Juan Buenagricultor's bananas in exchange for a commission of 5% of the sale amount.2. In a writing, he answers the following premises: Identify and classify each of the contracts that are structured in this situation.Identify and explain at least two (2) similarities and differences between the contracts identified in the exercise.America Company operates a customer loyalty program. The entity grants loyalty points for goods purchased. The loyalty points can be used by the customers in exchange for goods of the entity. The points have no expiry date. During 2020, the entity issued 50,000 award credits and expects that 80% of these award credits shall be redeemed. The fair value of the award credits granted is reliably measured at P1,000,000. In 2020, the entity sold goods to customers for a total consideration of P9,000,000 based on stand-alone selling price. The award credits redeemed and the total award credits expected to be redeemed each year are as follows: Redeemed Expected to be Redeemed 2020 15,000 80% 2021 7,950 85% 2022 2,550 85% 2023 15,000 90% Required: Prepare journal entries from 2020 to 2023.