True or False: It’s usually a good idea for firms to try to appeal to all potential buyers in a market, because customer variety leads to full capacity

Answers

Answer 1
Answer: In the current economy when companies can ship their goods all over the world and the competition is huge, a better strategy might be to specialize on some part of the market and to convince this part of the market that this is the best product for them, so I would say that the statement is false!

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A few years ago, in order to gain market share, Blackboard™, a well-known learning management system software company used by many colleges and universities, joined forces with WEB CT™, another learning management system software company. Both companies were in the same industry and originally competed against one another. In business, we would call the joining of these two firms a(n) ________.a) vertical merger

b) conglomerate merger

c) horizontal merger

d) applied acquisition

Answers

Answer: horizontal merger

                             

Explanation: In simple words, horizontal merger refers to a merger in which two companies operating in the same industrious and at the same level merged their business for the ease of operations of both.

In the given case, both the companies were competitors and were in the same industry. Hence the given case depicts horizontal merger.

Any credit balance in a vendor subsidiary account is an unpaid balance owed.

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That statement is true

It refers to a portion of loan that at a specific period of time hasn't been yet to be paid/remitted to the lender

hope this helps

The Nissan assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.a. balanced
b. strategic alliance
c. just-in-time
d. rotational

Answers

Answer:

c. just-in-time

Explanation:

Just-in-time (JIT) is an inventory management strategy that eliminates to need to hold high volumes of stocks. In JIT, materials are purchased to coincide with the production process. Materials bought will not be kept in the stores but will go into the production process right away.

Should the Nissan team adopt the JIT strategy, it will not require to invest a lot of money in inventory purchases. It will only buy the parts needed for a specific production run. Nissan will free up cash that would be held in components kept in stores. The company will eliminate the possibility of the parts getting damaged while in the store.  The management of the Nissan team will have to be extra careful not to run out of stock at production time.

According to the article by Brooks, successful entrepreneurs are most interested in

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personal fulfillment.

The amount the bank charges for use of money is called interest.
True
False

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True. When you borrow from a bank, you pay back the amount loaned PLUS interest.

The value obtained when a buyer pays cash or its equivalent, the buyer and seller are unrelated, the buyer and seller are informed consumers, and the property has been on the market for a reasonable amount of time is called:

Answers

Answer:

Appraisal

Explanation:

Appraisal in real estate is the sales value of an asset derived towards potential sales in an arm length transaction. This involves a unique appraising process pertaining to the affected property considering the fact that different homes are not of the same features and properties , and moreover , sales of home does not occur regularly as in the common market.

The appraising process involved in forming an appraisal value are

  1. Buyer pays cash or its equivalent
  2. Buyer and seller are not related
  3. Buyer and seller are informed consumer
  4. Property has been on the market for a reasonable time

Final answer:

The value obtained in the aforementioned conditions is referred to as the fair market value. It represents the price at which an informed buyer and seller would agree upon, where neither party is under duress and the property has been listed for a reasonable duration.

Explanation:

The value obtained under the conditions described in the question is called the fair market value. The fair market value is a measure used in the free market economy, it represents the price at which property, in this case, would change hands between a willing buyer and a willing seller, neither of whom is under any compulsion to buy or sell, both parties having reasonable knowledge of the necessary facts pertinent to the transaction. For example, if you were selling your car, the fair market value would be the price a buyer who knows about cars and has other options would be willing to pay for it, after your car had been listed for sale for an appropriate amount of time.

Learn more about Fair Market Value here:

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