Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply.

This is an example of target costing. With target costing companies produce products that fit their goals in certain market conditions. In this case they wanted to fit the ideal price.

Final answer:

The pricing method in question, where a luxury brand selects an ideal selling price and works backwards to determine the cost, is known as target costing. It involves taking into account market segment, consumer price sensitivities, elasticity of demand, and brand equity to set profitable and market-clearing prices.

Explanation:

The pricing approach described is referred to as target costing. Target costing involves identifying a market segment that is willing to pay a premium for a product and then selecting an ideal selling price. After deciding on the ideal price point, managers work backwards to determine the costs to create the product at a level that meets this selling price, particularly for a luxury brand like Radox. As they calculate these costs, managers must consider both the direct and indirect expenses associated with production, like material costs, labor, and market research.

Managers within companies such as Radox should utilize market research to understand consumers' price sensitivities and potentially estimate the elasticity of demand for their watches. This sensitivity information helps to guide them when setting the prices, and they may use rules of thumb or standard markups to inform their pricing strategy. The price is often set to balance the twin necessities of covering costs and maximizing profit, which can sometimes be tied to the concept of Ramsey pricing, where markup over marginal cost is proportional to the inverse of the elasticity of demand.

Furthermore, the brand equity plays a significant role in pricing, especially for luxury goods. With high brand equity, firms like Radox can charge premium prices. But to maintain that position, brand equity needs support through advertising and product quality, as it depreciates over time.

Laissez-faire or free reign management style, which is a "hands off" approach where the manager sets the goals and employees are responsible and work toward them themselves.

Final answer:

A laissez-faire leadership style is used when a manager allows employees to self-manage and make their own decisions, suitable for motivated and mature teams that understand their goals and guidelines.

Explanation:

When the director or manager adopts an approach of minimal intervention, allowing employees to self-direct and make decisions autonomously in pursuit of the organization's objectives, a laissez-faire leadership style is being utilized. This type of leadership is characterized by a hands-off attitude where the leader entrusts employees with the freedom to guide their own actions. A laissez-faire leader believes that employees are capable of self-management, particularly when they are motivated and mature, with a good understanding of the goals and guidelines. However, this leadership style also carries the risk of group dissolution and stalled progress if the team lacks direction or motivation.

Understanding the context and the characteristics of the employees is crucial for this leadership style to be effective. Awareness of when to employ a laissez-faire approach can make a significant contribution to an organization's success, aligning with the principles of Theory Y, which posits that employees are naturally diligent and seek engagement and satisfaction in their work.

Managers should demonstrate empathatic listening. Employees need a voice so listening is vital. Especially in times that are chaotic.

Correct statements: A, B, C

A. Company output will be maximized if Calvin makes all the decals and Hobbes makes all the chains.

If they each focus on the skill they are most efficient at, production will be higher.

B. Calvin has  a comparative advantage for making decals.

A comparative advantage is being able to do an activity better or more efficiently than someone else. Calvin's comparative advantage is that he is faster than Hobbes at making decals.

C. Hobbes has a higher opportunity cost for making decals than Calvin.

Because Hobbes is more efficient at chains, he is giving up the opportunity to produce at maximum efficiency if he decides to make decals instead. The lost production is the opportunity cost.

Cognitive dissonance theory suggests that the Pattersons, with the option to return the TV within thirty days, would be more psychologically satisfied than the Stevensons, who are unable to return their TV.

Based on the theory of cognitive dissonance, which posits that individuals strive for consistency in their beliefs, attitudes, and behaviors, it is likely that the Pattersons would be more satisfied with their TV. This is because the return policy provides a psychological safety net that can reduce potential dissatisfaction or regret. On the contrary, the Stevensons, who bought the TV with a 'all sales are final' policy, may experience more cognitive dissonance - the mental discomfort when one's actions contradict their beliefs or values, particularly if they end up being dissatisfied with the product but can do nothing about it.

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The paleontologist will likely use relative dating by analyzing layers of volcanic rock to determine the age of the tyrannosaur fossil.

The most likely method the paleontologist will use to date the new tyrannosaur fossil is to infer the age of the fossil by dating layers of volcanic rock above and below the stratum containing the fossil. This method is called relative dating, and it involves determining the age of the fossil by comparing it to the age of the surrounding rock layers.

By analyzing the different layers of volcanic rock, the paleontologist can estimate the time period in which the tyrannosaur lived.

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A paleontologist may use radiometric dating with uranium-238, carbon dating with carbon-14, or infer the fossil's age by dating layers of volcanic rock situated above and below the fossil layer.

When a paleontologist finds a new fossil, like a tyrannosaur, and wants to determine its age, there are several approaches she may use. The method chosen will largely depend on the context and conditions of the excavation site. One common method is radiometric dating using isotopes found in rocks and fossils, such as uranium-238. The paleontologist can use this method to date the stratum or layer where the fossil was found.

Additionally, carbon dating could also be utilized. This involves measuring the ratio of carbon-14 to carbon-12 in the fossil. However, this method is generally less accurate for dating fossils millions of years old, due to the half-life of carbon-14.

Finally, she may also use the dating of layers of volcanic rock above and below the fossil stratum to infer the age of the fossil, based on the principle of superposition. This asserts that younger layers of rock are deposited on top of older ones, and can provide an estimate based on the ages of these layers.

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According to the multiple levels of analysis anchor topics typically relate to the individual, team and organizational levels of analysis. The correct option is b.

An organizational level is a layer in an hierarchical sequence that represents your company's structure. For example, if your company has branch offices in multiple cities and states, the city organisational level would be lower than the state organisational level. In Ajera, organisational levels provide a structure for setting up and maintaining reporting entities at numerous levels.

We can easily build reporting entities without organisational levels if your corporation structure has only one layer. Simply said, form a group.

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Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.

The market demand sets the ceiling on the setting of a product's price. This is due to the fact that companies cannot charge more than what consumers are willing and able to pay. a decrease in sales could occur if a product is priced too high.

The factor that sets the ceiling on setting a product's price is typically the market demand. A company cannot set a price higher than what consumers are willing and able to pay.

If a company does set a price too high, demand for the product could potentially decrease, leading to a decrease in sales.

When deciding on a price for a product, companies must consider the perceived value of their product, the price sensitivity of their target market, and the prices of competing products.

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Joining a gang or crew can give you a sense of belonging and acceptance, but often being associated with one can lead to dangerous consequences. Here are some ways to explore alternatives to gang membership and how to safely “leave” a gang if you’re already involved. Some of these steps can take time, but with dedication and the support of your family, you can change your life.Young people who feel they are not respected by their peers, families or communities turn to gangs for the identity and respect that families normally provide. Youth who see themselves as “weak” or “powerless” may join gangs to become “stronger” and “protected.”  Often these individuals suffer from a lack of support from their family and therefore seek support within the gangs.

Young people who crave excitement because gang members and the media often glamorize the gang life style.

Young people who cannot resist peer pressure may join because their friends are in gangs. They may feel pressured to join to be part of the a crowd

decision tree

Explanation :

A decision tree is a graph of decisions and their possible consequences; it is used to create a plan to reach a goal. Decision trees are used to aid in making decisions.

A decision tree is a graph of decisions and their possible consequences, which is often used in decision analysis to help identify the best strategy to reach a goal. It visually maps out choices, possible outcomes, and decision-making conditions. This tool can assist in making more data-based and rational decisions.

A decision tree is a graph of decisions and their possible consequences. This tool is commonly used in operations research, specifically in decision analysis, to help identify a strategy that most likely leads to a goal. It visually represents choices, possible outcomes, and decision-making conditions or uncertainty. A decision tree begins with a decision node, where a choice is to be made, and expands with branches, each representing a possible decision, outcome, or event.

For example, suppose a business wants to decide whether to launch a new product. A decision tree might start with a node asking if the market is favorable or unfavorable. Depending on the market conditions, there could be different paths showing various scenarios, like high sales or low sales. Each path has an estimated probability and expected financial return. By comparing different options, the business can make a more rational and data-based decision.

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A popular variation of the accounts receivable turnover is the D. average collection period.

The average collection period divides the number of days in the period by the metric with the accounts receivable turnover. This is the period where a company allows a certain amount of days between a customer being invoiced and when the invoice is actually due.

Accounts Receivable Turnover ratio and Concentration ratio are key financial metrics used in business to evaluate efficiency and competitiveness. Bad debt ratio reflects credit risk management.

Accounts Receivable Turnover is a financial ratio that measures how efficiently a company manages its credit sales by comparing its average accounts receivable to its net credit sales over a certain period.

Concentration ratio is a measure used in economics to assess the level of market share held by a specified number of firms in an industry, indicating the industry's competitiveness.

Bad debt ratio is another ratio that reflects the proportion of a company's credit sales that result in bad debts, providing insights into the company's credit risk management.

Logical-mathematical skills are used in problem solving and scientific thinking.

i think the answer is preterm

The correct answer is choice A.

Gainsharing is normally when a business measures performance, and through a pre-determined formula, shares the savings with all employees.

Gain sharing plans use organization-wide performance parameters is the gain sharing plan that is different from the profit-sharing plans.

Gain sharing is the sharing of the profit on the monthly basis. It can be summed up as the incentives that employees get. Profit sharing is the done on the annual basis, when mainly it can be called as the bonus that a company generated.

Thus, option A is correct.

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Tap & go turns a smart phone into a wallet. This technology allows vendors to accept credit cards in "contacless" way. Credit card companies and technology companies embrace this and it is expected to grow.

"Tap & go" payment applications are mobile payment applications that allow users to make contactless payments using their smartphones or other mobile devices.

These applications use near-field communication (NFC) technology to allow users to make payments by tapping their devices on a payment terminal.

Some of the most popular "tap & go" payment applications include:

The "tap & go" payment market is growing rapidly. This growth is being driven by a number of factors, including:

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This is true Parole violators account for more than half of prison admissions in many states Parole is a popular sentencing option.

long-term memory, so she can recall it later

Mary used maintenance rehearsal to keep the phone number in her short-term memory by repeating it, and she could have also used chunking to make it easier to recall.

Mary was trying to keep the long-distance phone number in her short-term memory. This type of memory, also known as working memory, allows us to hold information in our minds for a brief period and work with it. To prevent the information from decaying, Mary used maintenance rehearsal, a process that involves mentally repeating the information to keep it in memory. This technique is helpful for remembering details like phone numbers until they can be written down or possibly transferred into long-term memory. Another useful strategy for enhancing memory is chunking, which organizes information into manageable units or chunks, making it easier to remember.

Answer:

trade secrets

Ingredient lists on gum packages are vague because manufacturers consider them a) trade secrets to maintain a competitive edge. While federal regulations require all ingredients to be listed, precise formulas may be protected. Consumers can reference the nutrition facts label and ingredients list for detailed product contents.

The reason why ingredient lists on gum packages remain somewhat vague is that manufacturers consider them to be a) trade secrets. Companies may feel that disclosing the full recipe or formulation may give competitors an unfair advantage or dilute the uniqueness of their product. Federal regulations, including the Nutrition and Labeling Act of 1990, dictate that all packaged foods must list ingredients in descending order by weight and include any known allergens. However, certain proprietary components may be grouped under generic labels to protect the company's specific formula.

The nutrition facts label on packaged food helps consumers make informed choices by listing the nutrients per serving, as well as the ingredients list which is ordered by quantity from greatest to least. Some products may prominently feature marketing claims on the front of the package, such as "sugar-free" or "high fiber," but it is the ingredients list and nutrition facts that provide the factual content of the product.

By examining the ingredients list, consumers can identify the relative amount of each component, like sugars or refined grains, which might make the product less healthy than the marketing suggests. It's also crucial to identify the presence of potential allergens, which are mandatory to list, as they are essential for the safety of individuals with food allergies.

Socialism is the economic system where the government has a lot of power and controls the resources and means of production but some things can still be privately owned.

A socialist economy is an economic system where the government controls the major means of production but property and other businesses may be privately owned.

A communism economy is where the government controls all aspects of production and how resources should be used and what services will be provided. A capitalist economy is where there is little interaction from the government controlling production and property but that the business itself can determine their production levels. A socialist economy is the mixture of the two systems and allows more freedom for privately owned businesses.

The consumer service sector dominates the market. The consumer service sector is all services that are geared toward customers and not businesses/governments. Examples are law firms, hospitals, accounting groups, cleaning services, etc. There are literally millions of possibilities, but any business that provides a service to the general public would be an example.

I’m pretty sure the answers are

Blank 1: Consumer Services

Blank 2: Hospitals

Think should be correct!

Answer:

The best answer to handle the scenario given in the question is providing opportunities to learn new skills and knowledge.

Explanation:

Since the current condition of the company is stagnant in terms of profitability, and thus incentives such as bonuses and pay raise are not viable for employees to receive, it is better to rely on other forms of reinforcements that can be used to motivate employees to perform to the best of their abilities. A way to do this would be giving them opportunities to learn about the skills that they have yet to attain from working in the company, even though they have the desire to do so.

Answer:

model an attitude of lighthearted play, telling jokes and bringing toys to work

provide opportunities to learn new skills and knowledge.

Explanation:

A healthy work environment is critical to keeping employees productive. When stress occurs, such as the dismissal of many colleagues, employees become upset and take time to get used to it. Therefore, it is important for the company to adopt incentive mechanisms. For example, relaxing the environment with some play time, a game or a group gym. In addition, the manager can encourage employees to learn other techniques and skills for their job, or to take specialization courses. These are all stimulus mechanisms that will affect employees' moods, smoothing out recent bad events in the workplace and in the company as a whole.

A duty is a type of tax.

Consider the modern day examples of "duty free" shopping available in places like airports and certain tourist locations where people can purchase luxury goods without owing a tax to any country or locality.

D. The child protective service unit.

In this case study, the arrangements were made through CPS because the children had been absent from school for years and then ran away from home.

The question entails where Lisa and Loretta Santiago were sent when they left home and Frank Haines became involved. However, without additional context or a source reference, it's impossible to give a definitive answer. It could involve relatives, a residential treatment center, group homes, or the Child Protective services.

Unfortunately, your question lacks specific details about Lisa and Loretta Santiago's situation and Frank Haines' role as it refers to a narrative or story that isn't universally known. These characters and the scenario could come from a novel, a movie, a case study in social work, or any number of sources. Based on the options provided, it assumes where the Santiago sisters were sent after running away from home. However, we can't definitively answer without knowing the source. Generally speaking in such scenarios, temporary arrangements could be made with relatives, residential treatment centers for emotionally disturbed youth, group homes, or the Child Protective Services unit, but the specific answer will be given in the context or source.

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customer satisfaction; earn long-term profits; increased shareholder value

I think the answer to this question is true

Market failure happens if goods and services are not distributed efficiently in the economy. Externalities can either be positive or negative. Positive externalities are benefits that may be provided whereas negative externalities are costs that may be associated. Demand, supply and wanting benefits are all sources of marketing failure and externalities.

A personal articles floater is used insure more valuable property like this. It goes beyound the limitations of a homeowner's policy.

Anticipatory repudiation/anticipatory breach

This means that company Y anticipates that company X does not intend to to honor the contract based on what they were told.  Even if the breach hasn't occurred yet, company Y can begin the lawsuit/recovery process because of the anticipation of loss.