What's the buying culture in your hometown? why?​

Answers

Answer 1
Answer:

The buying culture of a place refers to the factors that influence the purchase of goods and services in an environment. The buying culture in my hometown is the value-added culture. This is because the people in my hometown purchase goods and services mainly when they feel that there is a problem it will help them solve.

  • The value-added buying culture is that wherein the buyer senses that a product will help them to solve a problem that plagues them.

  • For example, most people in my hometown only go to the pharmacy and clinic when they are sick.

  • They do not believe in the idea of occasional check-up because they think that it is a waste of money.

  • Therefore, goods are purchased only when they are crucially needed.

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Answer 2
Answer:

Answer:

Explanation:

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3. Problems and Applications Q3 Indicate whether each of the following actions represents foreign direct investment or foreign portfolio investment. Foreign Direct Investment Foreign Portfolio Investment Buying bonds issued by a foreign government Opening up a factory in a foreign country True or False: An individual investor is more likely to engage in foreign direct investment than a corporation.

Answers

Answer: Please refer to Explanation

Explanation:

Foreign Direct Investment refers to the establishment of a company in a country by a foreign company or the acquisition of a company by a foreign company. The main thing to note is that the foreign company is involved DIRECTLY in the running of the newly established or acquired company.

Foreign Portfolio Investment however, is investing in another country by means of purchasing shares, bonds or other financial instruments from that country.

Therefore we can then classify the above accordingly,

Buying bonds issued by a foreign government. FOREIGN PORTFOLIO INVESTMENT.

Opening up a factory in a foreign country. FOREIGN DIRECT INVESTMENT.

An individual investor is more likely to engage in foreign direct investment than a corporation. FALSE.

Foreign Direct Investment would simply be too expensive for the average individual to engage in. It is way more likely to be a Corperation.

The admission of a new partner to an existing partnership: a. May be accomplished only by investing assets in the partnership.
b. Causes a legal dissolution of the existing partnership.
c. Requires purchasing the interest of one or more existing partners.
d. Is almost always accompanied by the liquidation of the business.

Answers

Answer:

The correct answer is letter "B": Causes a legal dissolution of the existing partnership.

Explanation:

A Partnership is an organization that operates a business with two or more owners. They share the profits in proportion to their partnership interest in percentage terms. There are two types of partnerships: general partnerships (unlimited liability) and limited partnerships (passive members who are responsible depending on how much money they contribute to the company).

Every time one of the partnership members passes away, retires, or another partner will be added, the existing partnership legally dissolves creating a new entity.

Western Company is preparing a cash budget for June. The company has $11,000 cash at the beginning of June and anticipates $31,000 in cash receipts and $36,500 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must: Borrow $10,000.
Borrow $4,500.
Repay $5,500.
Repay $4,500.
Borrow $5,500.

Answers

Answer:

Borrow $19,500

Explanation:

The movement in the cash balance between the beginning an end of a period may be expressed as

opening balance + cash collection - cash disbursed = closing balance

As such, where the  company has $11,000 cash at the beginning of June and anticipates $31,000 in cash receipts and $36,500 in cash disbursements during June, the expected closing balance

= $11,000 + $31,000 - $36,500

= $5,500

If the company is owing the bank $15,000 then the company would still owe

= $5,500 - $15,000

= ($9,500)

If the company is expected to maintain a balance of $10,000, the amount to be borrowed must be $10000 in excess of the amount owed the bank. Hence amount to be borrowed

= $10000 + $9500

= $19,500

Which of the following are significant ways in which service systems differ from manufacturing systems? (You may select more than one answer)a. Service is tangible unanswered.
b. You cannot inventory service checked.
c. Employees do not require any technical training unanswered.
d. The service itself cannot be patented checked.
e. The process is part of the product

Answers

Answer:

The correct answers are letters "A", "B", "D" and "E".

Explanation:

A service system is a combination of Information Technology (IT) technologies and corporate networks that provide services to customers. Service systems have added values that differentiates and include the efforts of people in the operations. Online education programs are examples of service systems.

Manufacturing systems are the traditional organizations in which a product is created with the use of materials, labor, managerial support, and equipment to produce goods in organized and established cycles aiming to offer a product that satisfies consumers' needs.

Compared to manufacturing systems, service systems are intangible because even if people can make use of them, they are not physic; they cannot be inventoried since there is no specific form of measuring service systems by units; they cannot be patented because most service systems add value to already existing services with the use of technology; and, the process of providing the service is the product itself.

Final answer:

Service systems differ from manufacturing systems in several ways, particularly in that services can't be inventoried, they usually can't be patented, and the process of service delivery is often considered part of the product itself. Hence the correct option is (b, d).

Explanation:

Significant ways in which service systems differ from manufacturing systems include the fact that you cannot inventory service and the service itself cannot usually be patented. These characteristics highlight major differences between services and physical products.

In addition, the process of delivering the service is often considered part of the product in a service system. For instance, customer experience is integral to services delivery, unlike in manufacturing where the product and its manufacturing process are usually distinct.

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A company reports purchases of $ 418 comma 000​, a beginning accounts payable balance of $ 48 comma 000​, and an ending accounts payable balance of $ 40 comma 000. All purchases were on account. The​ company's accounts payable turnover would be closest​ to:____________​(Values are rounded to two decimal​ places, X.XX.)

Answers

Answer:

9.50 times

Explanation:

The computation of the accounts payable turnover ratio  is shown below:

= Total purchase ÷ average accounts payable

where,  

Average accounts payable = (Opening balance of Accounts payable + ending balance of Accounts payable) ÷ 2

= ($48,000 + $40,000) ÷ 2

= $44,000

And, the total purchase is $418,000

Now put these values to the above formula  

So, the answer would be equal to  

= $418,000 ÷ $44,000

= 9.50 times

If a consumer must spend her entire income on some combination of two commodities and chooses to spend it all on just one of the​ commodities, then A. the other commodity is an economic bad. B. the other commodity must have zero marginal utility. C. the other commodity generates less utility per dollar spent on the good. D. the two commodities must be perfect substitutes.

Answers

The correct answer is  (C)

Explanation: Utility is the satisfaction derived out of a product. Combinations of two goods within the consumer's income or budget line can only be used which are attainable. It depends on individual to choose any combination out of several. Here in this case consumer is spending only on  one commodity that means other good is comparatively low which means utility generated out of  other good is less.

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