An asset is a resource with economic value that an individual, corporation or countryowns or controls with the expectation that it will provide future benefit. The normal bal-ance of the asset is debit. Do you think your cellphone is an asset? (10 sentences)

There is no surprise that the smartphone has become deep-seated in every aspect of our lives.…

Answered: An asset is a resource with economic…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Think about a $250 or greater purchase you've made (can’t be textbooks or tuition). Answer the following questions using complete sentences (no one word or single phrase answers.) Example: The product I purchased was a Corvette. I thought I needed a Corvette because . . . . . etc. Be sure to answer each question thoroughly to demonstrate that you understand the stages of the purchase process and related influences.
Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Questions. What Alia can do to argue or persuade the product…
In a group negotiation, people often need to vote on a number of options to make decisions. The problem of indeterminate group choice is further compounded by group members who use strategic voting misrepresentation, which refers to _____. Group of answer choices members of coalitions pressuring individuals to vote for a particular choice group members not always voting based upon their actual preferences group members not counting certain votes that have been legitimately submitted group members taking votes when the timing is right for them to prevail
Answer the questions based on the case. Alia is a salesperson in an electronics company. At a recent trade exhibition, she met a supplier that was willing to supply her company with a product on an exclusive basis (i.e., available to her company only) that could offer in the business marketplace. The product in question has already been successfully developed and tested and – yet – is not being sold on the market. Alia knows from speaking to the customers that there is demand for such a product and it would plug a gap in her company’s product portfolio and give the company a significant competitive advantage. Then, Alia approach the product management division with all her idea, and, to her surprise, they are very unenthusiastic and reject the idea, stating “We always develop our products in-house in this department – it would cost the company far too much to set up the processes to buy in a product from outside”. Question2. Advise Alia on how to recognize the opportunities in…
19-To be effective , the customer guarantee should be A.Less compelling . O b. Trouble-free to invoke. Oc Inconceivable. O d. Not resonating with the customer.
What Does the Price of a Product Tell You? Question Content Area INTRODUCTION: A product's price is very important to an organization and to its customers. The price of a product can have multiple meanings to an organization's customers and can have significant effects on customers' perceptions of a product. Question Content Area INSTRUCTIONS: You will agree with some of these statements and disagree with others. You may find it hard to make a decision, but you should go ahead and make a choice. Record your answers next to the statement according to the following scale: Strongly Disagree (1), Disagree (2), Agree (3), or Strongly Agree (4). Strongly Disagree Disagree Agree Strongly Agree Question 1. A low price means low quality. 2. There is competition that is not based on price. 3. Profit can be determined by deducting total costs from total revenue. 4. A marketer at a company usually is satisfied if…
"Pork-barrel" legislation that contains funding for hundreds of separate special products scattered throughout numerous states often reflects: the paradox of voting. logrolling. the benefits-received principle. the Coase theorem.
Which of the following is a true statement about the dangers of nuclear power compared to coal power? Oa uranium mining is more dangerous than coal mining O b. more deaths occur annually from nuclear meltdowns than from coal power plants O c. nuclear power releases less particulate matter into the atmosphere than coal O d. radioactive isotopes will persist longer in ecosystems close to coal power plants than nuclear power plants
An AC Delco parts dealer provides an auto repair shop with a display stand containing spark plugs. Which of the following statements concerning usage of this display is accurate? A) The repair shop is required to use this display. B) The repair shop usually asks for some type of allowance for using the display. C) The repair shop is legally bound to use only these parts if the display is used. D) The parts rep will dictate where the display must be located. E) The repair shop decides whether or not it will be used and where it will be located.
Which of the following individual must have an insurance producer license? A field underwriter who inspects building A clerical worker who reviews insurance applications for accuracy A personnel officer who enrolls employees in a group health plan An insurance agency secretary who binds automobile insurance policies
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Calculator Which of the following statements is CORRECT about Business Overhead Expense insurance? OA. It can be obtained only by corporations. O B. It covers eligible expenses for staff, rent, and utilities. It reimburses the policyowner for loss of income. It covers eligible expenses for staff only. SOC. O D.

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An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. The normal bal- ance of the asset is debit. Do you think your cellphone is an asset? (10 sentences)