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Questions in business
π Answered - Businesses and banks cannot function without interest. A. True B. False
π Answered - Rules ensuring that businesses offer safe products to consumers are part of a nation's A. trade policy. B. monetary policy. C. regulatory policy. D. fiscal policy.
π Answered - True or False: When authorized employees are performing a group lockout, each one must attach their own individual LOTO device, and each authorized employee must also remove their device when the work stops or is completed.
π Answered - Sport organizations should modify brand-centric communication efforts during a crisis to maintain their reputation. A. True B. False
π Answered - An electric device delivers a current of [tex]$15.0 A$[/tex] for 30 seconds. How many electrons flow through it?
π Answered - A smaller sport organization with a desire to build its brand at a much broader level can be best supported on social media with which type of goals? A. increasing retention B. increasing new lead generation C. increasing revenue D. increasing awareness
π Answered - A manufacturer of bicycles builds racing, touring, and mountain models. The bicycles are made of both steel and aluminum. The company has available 30,800 units of steel and 27,000 units of aluminum. The racing, touring, and mountain models need 11, 14, and 22 units of steel, and 15, 24, and 18 units of aluminum, respectively. Complete parts (a) through (d) below. (a) How many of each type of bicycle should be made in order to maximize profit if the company makes $8 per racing bike, $13 per touring bike, and $23 per mountain bike? Let [tex]$x_1$[/tex] be the number of racing bikes, let [tex]$x_2$[/tex] be the number touring bikes, and let [tex]$x_3$[/tex] be the number of mountain bikes. What is the objective function? [tex]$z=8 x_1+13 x_2+23 x_3$[/tex] (Do not include the $ symbol in your answers.) To maximize profit, the company should produce (Simplify your answers.) $\square$ racing bike(s), $\square$ touring bike(s), and $\square$ mountain bike(s).
π Answered - Review the concepts of goods, services, needs, wants, stakeholders, and value proposition in your text. Then, pick a good or service you likeβone that you believe has a strong value proposition. Perhaps you might choose your favorite snack food, vehicle, smart phone or watch. Put yourself in the position of being a Marketing Manager for a moment, and identify the specific sources of value (i.e. what benefits does that product or service offer that would satisfy the needs of a customer.) Describe at least two values offered by this product or service. Review the concept of value in Chapter 1. What other sources of value might be developed for the product you identified? You can be creative with this response. Think outside the box and come up with a new value that you feel could be developed for your product. How might these values be communicated to customers? What methods would you use to communicate or promote the product and its value to a prospective customer and why?
π Answered - Which of the following statements are true about a FICO credit score? Select all that apply. A. A number that ranges from 250 to 900 B. It is a summation of your creditworthiness C. It can affect your ability to receive loans and the interest rate you receive
π Answered - As the demand for goods and services increases, job growth a. increases b. decreases c. remains the same d. none of the above
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