business exists only to earn profits by providing goods and services to the customers. According to the modern concept, the underlying objective of every business is customer satisfaction as this is what results in most profits. If the customer is satisfied, the business excels. something about Business goals is a predetermined target that a business or individual plans to achieve in a set period of time. These goals are often split into short-term goals and long-term goals. Business goals can be general and high level, or they can focus on specific measurable actions. One of the reasons businesses succeed is that they reach consumers first. The fastest companies to market have the best access to customers. ... It's much easier to dominate a market without competitors. If you are first to market, you are more likely to succeed, even if your product or service is substandard.
1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.
a. The amount that will go to the preferred stockholders is $400,000.
b. The amount of the declared dividend that will be available for common stock dividends is $200,000 ($600,000 - $400,000).
Data and Calculations:
Cumulative Preferred Stock Outstanding = 100,000 shares
Dividends per share = $2
Cumulative Preferred Dividend last year = $200,000 (100,000 x $2)
Preferred Dividend this year = $200,000 (100,000 x $2)
Total preferred dividend to be paid this year = $400,000
Thus, the Preferred Stockholders will be paid $400,000 ($200,000 for last year and $200,000 for this year).
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Answer:
Willingness to pay
Revenue
Two
Elastic
Inelastic
Explanation:
Price discrimination is when a producer or a seller charges different prices for the same product usually in different markets.
In price discrimination, a seller attempts to remove or reduce consumer surplus by charging the consumer at his willingness to pay. For price discrimination to be effective, a seller must be able to estimate the willingness to pay of consumers.
Price discrimination is successful when a seller earns higher profits when she discriminates compared to when she didn't price discriminate.
Price discrimination exists in the airline industry. One of the ways price discrimination exists in the airline industry is through charging to check bags. Customers ( people who board airplanes) are distributed into two groups- those who won't pay to check bags and those who would pay to check bags.
It is assumed that those who would pay to check their bags have a price inelastic demand because they are indifferent to paying an extra amount for their luggage.
Inelastic demand is defined as when a small change in price has no effect on quantity demanded.
While it is assumed that those who won't pay to check their bags have an elastic demand because they are unwilling to pay extra to check their luggages.
Elastic demand is when a change in price has effect on quantity demanded.
The correct answer is - E<span>nglish is now the second language of at least one-sixth of the nations restaurant workers, and about one-third of that group speaks no English at all.
Logos is a rhetorical appeal that authors use in order to persuade people to believe them. Logos is based on logic, on facts, or proof, and there is proof to support this claim about English, whereas the other sentences aren't really there to prove anything.
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