Emily likes travelling, but every time she checks for tickets and a decent hotel, she gets overwhelmed with the amount of information she gets. She wants people to have a hassle-free travel experience. As a result, she starts a small business that filters information based on people's requirements and provides them with just the right amount of information they need about the place they are travelling to, the best available hotel, and the cheapest air fares. Which of the following is most likely to be the source of Emily's business idea?A chance happeningA personal interestA similar businessAn expertise

Answers

Answer 1
Answer:

Answer:

The correct answer is letter "B": A personal interest.

Explanation:

Businesses based on consumers' personal interests attempt to provide a tailored good or service. The competitive advantage of the organization relies on the uniqueness of the product they can provide to their clients compared to competitors who tend to offer products with wide features to cover the larger amount of needs possible.

Conducting businesses driven by customers' personal interests requires constant studies of consumer patterns to adapt in front of market changes and segmentation to identify what sector of the market the company will dedicate their efforts to.


Related Questions

Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be: A) the same as the units completed. B) less than the units completed. C) the same as the units started during the period. D) less than the units started during the period.
Communication may account for as much as ____ of a hiring decision.a. 25%b. 40%C. 65%d. 80%and it’s not 80% because i chose that and i got it wrong
Use the cost and revenue data to answer the questions. Quantity Price Total Revenue Total Cost 15 90 1350 900 30 80 2400 1500 45 70 3150 2250 60 60 3600 3150 75 50 3750 4200 90 40 3600 5400 What is marginal revenue when quantity is 30 ? 30? $ What is marginal cost when quantity is 60 ? 60? $ If this firm is a monopoly, at what quantity will profit be maximized? quantity: If this is a perfectly competitive market, which quantity will be produced? quantity: Comparing monopoly to perfect competition, which statement is true? The perfectly competitive market's ouput is lower. The consumer surplus is smaller with a monopoly. The monopoly's price is higher.
Ricky is not in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
The Nature Conservancy is one tool that consumers can use to put their money where their mouth is, but it's not the only one. Internet technology is helping large groups of consumers raise money for causes they support. In this case, Internet technology makes it _____________ that the economic pie will be maximized.

Ryder Supplies has its stock currently selling at $63.25. The company is expected to grow at a constant rate of 7 percent. If the appropriate discount rate is 17 percent, what is the expected dividend, a year from now?a) 4.43 b) 3.25 c) 10.75 d) 6.33

Answers

Answer:

d) 6.33

Explanation:

The computation of the expected dividend a year from now is shown below:

As we know that

Price of the stock =  Expected dividend ÷ (Required rate of return - growth rate)

Expected dividend = Price of the stock ×  (Required rate of return - growth rate)

= $63.25 × (0.17 – 0.07)

= $6.325

hence, the correct option is d. $6.33

We simply applied the above formula so that the correct value could come

And, the same is to be considered

As of 2013, which of these countries had the highest GDP per capita? Uganda the United States Switzerland Brazil

Answers

In the year 2013, the nation that had the highest GDP per capita out of the options was Switzerland.

What was the GDP per capita of Switzerland in 2013?

In 2013, Switzerland had the very high GDP per capita of $88,109.49 which put it higher than the United States and Brazil.

This high GDP per capita meant that the Swiss economy was strong and that the people were mostly well off.

Find out more on GDP per capita at brainly.com/question/1072073.

Answer:

Switzerland the answer

Harper, Inc. acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2017, for $210,000 in cash. The book value of Kinman’s net assets on that date was $400,000, although one of the company’s buildings, with a $60,000 carrying amount, was actually worth $100,000. This building had a 10-year remaining life. Kinman owned a royalty agreement with a 20-year remaining life that was undervalued by $85,000. Kinman sold inventory with an original cost of $60,000 to Harper during 2017 at a price of $90,000. Harper still held $15,000 (transfer price) of this amount in inventory as of December 31, 2017. These goods are to be sold to outside parties during 2018. Kinman reported a $40,000 net loss and a $20,000 other comprehensive loss for 2017. The company still manages to declare and pay a $10,000 cash dividend during the year. During 2018, Kinman reported a $40,000 net income and declared and paid a cash dividend of $12,000. It made additional inventory sales of $80,000 to Harper during the period. The original cost of the merchandise was $50,000. All but 30 percent of this inventory had been resold to outside parties by the end of the 2018 fiscal year. Prepare all journal entries for Harper for 2017 and 2018 in connection with this investment. Assume that the equity method is applied.

Answers

Answer:

Harper investment      160,000

building over fair value 16,000

royalty over fair value  34,000

                         cash              200,000

----

2017 entries:

loss on Harper Investment  32,000

              Harper investment                32,000

---

Cash    4,000

              Harper investment                4,000

----

Unrealized gain 2,000

  Harper Investment 2,000

---

royalty over fair value 1,700

bulding over fair value 1,600

         harper investment          3,300

---

2018 entries:

Harper Investment 16,000

  Gain on Harper Investent 16,000

----

Cash    4800

              Harper investment                4800

----

Unrealized gain 1,600

  Harper Investment 1,600

---

royalty over fair value 1,700

bulding over fair value 1,600

         harper investment          3,300

Explanation:

400,000 x 40% = 160,000

40,000 increase infair value of building x 40% = 16,000

royalty 85,000 x 40% = 34,000

total equity value 200,000

payment of           200,000

no goodwill.

amortization:

building: 16,000 / 10 = 1,600

royalty: 34,000 / 20 = 1,700

2017

loss: 60,000 x 40% = (32,000)

dividends 10,000 x 40% = (4,000)

unrealized gain: it kept 15,000/90,000 = 0.1667 = 16.67%

90,000 - 30,000 = 30,000 gain x 16.67% = 5,000 unrealized gain

5,000 x 40% = 2,000

2018

income 40,000 x 40% = 16,000

dividends 12,000 x 40% = (4,800)

unrealized gain kept 30%

80,000 - 50,000 = 30,000 x 30% = 9,000

the company has 40% so 9,000 x 40% = 3,600 unrealized

as we recognize 2,000 before we adjust for the difference of 1,600

The goal of data analytics is to get results to make better decisions and better outcomes for business. Think about Descriptive, Predictive, and Prescriptive analytics and provide some examples with your thoughts behind your statements.

Answers

Answer:

Explanation:

Data analysis is a process used to explore, refine, modify, and model the data for finding useful information, making conclusions, and making decisions. Data analysis is a process used to obtain raw data and to make it more user-friendly by decision-making. The data is collected first, and then analyzed to answer questions, test hypotheses, or reject theories.

Descriptive analysis or statistics are one of the three basic parts of statistics science. It is the statistics about compiling, collecting, summarizing and analyzing numerical data. The main difference of descriptive statistics from inferential statistics or inductive statistics with more appropriate terms is that the goal of descriptive statistics is to express and summarize a data set as quantitative number values ​​or count or sort values, and about the character of the statistical population that is accepted to represent such data as inferential statistics. is not the goal of obtaining analytical expressions for predictive or hypothesis testing. Even though the analysis of quantitative data is a study aimed at obtaining its main results using inductive statistical analysis, descriptive statistics tools must be used to support formal analysis. For example, a study involving a formal statistical analysis with topics of human behavior typically covers the overall sample size, sample size of important subgroups, average age, male / female ratios of people treated as data subject, and various demographic, social or clinical characters. supplied with tables.

Predictive analytics is a class of data analysis methods that focuses on predicting the future behavior of objects and subjects in order to make optimal decisions. Predictive analytics uses statistical methods, data mining methods, game theory, analyzes current and historical facts to make predictions about future events. In business, predictive models use patterns found in historical and executed data to identify risks and opportunities. Models capture relationships among many factors to make it possible to assess the risks or potential associated with a particular set of conditions, guiding decisions about possible transactions. It is used in actuarial calculations, financial services, insurance, telecommunications, retail, tourism, healthcare, pharmaceuticals and other fields. One of the well-known applications is credit scoring, scoring models process credit history, loans, consumer data and other information and provide an assessment of a potential borrower in terms of prospective solvency and forecast of timely payments on loans. One of the drawbacks of predictive analytics is the weak accounting for qualitative shifts, changes after bifurcation points, since they are built on quantitative, probabilistic methods.

The prescriptive analysis is the third and final phase of the business analysis. Extended prescriptive analysis beyond predictive analysis specifying both the actions necessary to achieve the predicted results and the related effects of  decision. This phase of analysis uses the suggestions of the applications of mathematical and computational sciences to take advantage of the results of descriptive and predictive analyzes. Usually, in a first phase a descriptive analysis is made, widely used in the majority of today's business areas and it answers the question of what happened and why. Then a predictive analysis is done or should be done that answers the question of what will happen: historical data is combined with rules, algorithms and occasionally data external to the company or organization to determine a probable event. Finally, the prescriptive analysis phase which aims to recommend actions for the benefit of predictions and show their implications and why they will occur

Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly. Data for the products and departments are listed below. Product Number of Units Labor Hours Per Unit Machine Hours Per Unit Blinks 1,000 4 5 Dinks 2,000 2 8 All of the machine hours take place in the Fabrication Department, which has an estimated overhead of $84,000. All of the labor hours take place in the Assembly Department, which has an estimated total overhead of $72,000. Ramapo Company uses a single plantwide overhead rate to apply all factory overhead costs. The single plantwide rate, if it is based on machine hours instead of labor hours, is a.$7.43 per machine hour b.$19.50 per machine hour c.$9.00 per machine hour d.$4.00 per machine hour

Answers

Answer:

OAR = $4  per machine hour

Explanation:

Plant wide overhead absorption rate (OAR)

= Estimated overhead/Estimated total machine hours

Estimated machine hours = (5 × 1000) +( 8× 2000) =  21,000 machine hours

OAR = $84,000/21,000 machine hour= $4  per machine hour

OAR = $4  per machine hour

A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output whereA) price = marginal cost
B) marginal revenue = marginal cost
C) marginal benefit = marginal cost
D) all of these are true

Answers

A profit maximizing competitive firm in a market with NO externalities will produce the quantity of output where

  • price = marginal cost
  • marginal revenue = marginal cost
  • marginal benefit = marginal cost

Option D

Explanation:

All of the options are true.

In a highly competitive market, companies set marginal incomes at marginal cost level (MR= MC) in order to make a profit. MR is the pitch of the profit curve, which represents the (D) and price (P) of the demand curve as well.

It is necessary to have positive, or negative economic benefits in the shorter term. The company profits whenever the price exceeds the total average cost. The company loses on the market if premiums are less than average total costs.

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