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
- Choose the right answer. 7. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraChoose the right answer 6. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has possession of the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 7. (Sale of Goods) Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraChoose the right answer. 5. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the title to the machine? a. Asmira b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 6. (Sale of Goods) Who has possession of the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 7. (Sale of Goods) Who has the legal right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira 8. (Sale of Goods) Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and Bashira
- Choose the right answer. 8. (Sale of Goods) Amira bought a big oven yesterday. Today her little sister, Bashira takes the oven to her house to bake a cake, after she receive permission to do so. Tomorrow her friend Cinthia wants to rent the oven and and she already paid RM50 for it. Who has the equitable right to the machine? a. Asma b. Bashira c. Cinthia d. Amira and Cinthia e. Amira and BashiraSolenn and Nico Bolzico, both graduate students, moved into an apartment near the university. Solenn wants to buy renter's insurance, but Nico thinks they don't need it because their furniture isn't worth much. Solenn points out that, among other things, they have some expensive computer and stereo equipment. To help the Bolzicos resolve their dilemma, suggest a plan for deciding how much insurance to buy, and give them some ideas for finding a policy.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…
- Great Vegetables, Corp. a wholesale vegetable distributor in the Bronx, buys and prepays for a trailer load of tomatoes for $20,000.00. The tomatoes are sold by Texas Tomatoes, Inc., a selling cooperative of Texas farmers and transported to New York by an independent truck driver from Louisiana. The truck shipment is arranged by an Oklahoma truck broker from his/her office in Oklahoma. When the tomatoes arrive at Great Vegetables, Corp. two weeks later they are rotten. The Texas farmers and the truck broker have not physically done anything in New York. Great Vegetables, Corp. sues Texas Tomatoes, Inc., the truck broker and the truck driver in a New York State court and the summons is served on each of them outside New York State. Explain the reasons why Great Vegetables, Corp. could argue that the New York State court has personal jurisdiction over each defendant.Assume you are the attorney for defendants Texas Tomatoes, Inc. the truck broker and the truck driver. why personal…After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $12,900 price, but financing through the dealer is no bargain. He has $2,500 cash for a down payment, so he needs an $10,400 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 10 percent. What is the annual percentage rate (APR)?After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $12,900 price, but financing through the dealer is no bargain. He has $2,500 cash for a down payment, so he needs an $10,400 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 10 percent. What is the total interest on Richard’s loan? What is the total cost of the car?
- Katmir is a manufacturer of mattresses in Kordofan Sudan. The company is 100 percent owned by the Alnashar family and all of the management are related to the founder, El Hussein Alnashar, who all employees refer to as “Honored Boss.” Honored Boss does not trust accounting records and only has an outside accountant (who is his nephew) come to the factory for the last two weeks of every second month to do a physical inventory, put together financial statements, and do tax estimates. For some time, Honored Boss has been looking for a buyer for his company because he wants to retire and he does not trust any of this children or relatives to run the company. Centaur Sleep Products of Cairo has shown an interest in purchasing the company. Centaur wishes to send an audit team to Katmir to do a physical inventory and review the books. Required: In determining what time the auditors should go to the Katmir factory to do their procedures, they consider such matters as: (1) the…The director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Was it right in challenging my manager? Should I have handled this differently?The director collected $3000 amount as funds for the tournament on the condition that the amount will be spent on buying prices and trophies and for the two-day tournament and also arranging food for people participating in the tournament. The funds were collected as donations from the people. However, the manager of the club said that as the club is struggling in making profits, $1500 would be spent on the tournament, and the remaining $1500 will be considered as pure profits. This was not acceptable by the person who arranged the funds for the tournament after convincing people that the entire amount will only be used on the tournament. 1. Do you think the companies would have felt cheated if the golf course had pocketed theirdonations?