Business Essentials (11th Edition)
11th Edition
ISBN: 9780134129969
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 1, Problem 1.6QA
Summary Introduction
To determine: The situation in which surplus of a product led to decreased prices and shortage led to increased prices.
Introduction:
A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Can you guys help me on this? Thank you!
Here's the authentic insight my classmate wrote about the article they chose. Please give a little comment on this insight that my classmate just wrote. Thank you!
Hi! Can you guys help me with this? Thank you!
Here's the article by Mark Chediak & Jennifer A Dlouhy from Bloomberg called US Imposes Tariffs Up to 3,521% on Southeast Asia Solar Imports
Please offer authentic insights on how this article connects with global supply chain management.
How an individual attending a university can help the development of a country?
Chapter 1 Solutions
Business Essentials (11th Edition)
Ch. 1 - Prob. 1.1QRCh. 1 - Prob. 1.2QRCh. 1 - Prob. 1.3QRCh. 1 - Prob. 1.4QRCh. 1 - Prob. 1.5QACh. 1 - Prob. 1.6QACh. 1 - Prob. 1.7QACh. 1 - Prob. 1.8QACh. 1 - Prob. 1.9AECh. 1 - Prob. 1.10AE
Ch. 1 - Prob. 1.11ACh. 1 - Prob. 1.12ACh. 1 - Identify a product, either a good or a service,...Ch. 1 - Prob. 1.14ACh. 1 - Prob. 1.15TECh. 1 - Prob. 1.16TECh. 1 - Prob. 1.17TECh. 1 - Prob. 1.18TECh. 1 - Prob. 1.19EECh. 1 - Prob. 1.20EECh. 1 - Prob. 1.21EECh. 1 - Prob. 1.23CCh. 1 - Prob. 1.24CCh. 1 - Prob. 1.25CCh. 1 - Prob. 1.26CCh. 1 - Prob. 1.27CCh. 1 - Prob. 1.28CCh. 1 - Prob. 1.29CCh. 1 - Prob. 1.30CCh. 1 - Prob. 1.31C
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, management and related others by exploring similar questions and additional content below.Similar questions
- Discuss how personal ethical values, such as those held by Jane Harris, and corporate ethical values can influence business decisions at GlobalTech. Provide examples from the scenario where conflicts between personal and corporate ethics versus local business practices arise. - Provides a clear definition of personal and corporate ethical values and their relevance to business decision-making.- Discusses how Jane Harris's belief in ethical universalism influences her decision- making. Examples from the scenario are well integrated. - Explains the role of corporate ethics at GlobalTech, particularly around sustainability, fair wages, and safe working conditions. Discusses how these values shape business policies and practices. - Summarises the influence of personal and corporate values on decision-making and how ethical conflicts may affect a multinational business like GlobalTech. - The discussion is logically structured, with clear argumentation and a coherent flow of ideas.arrow_forwardYou will explain what it is, Benefits, Threats, and Ethical Challenges.arrow_forwardExplore strategies entrepreneurs and business leaders can use to balance ethical relativism and universal ethical principles when operating across diverse cultural landscapes, as illustrated by GlobalTech’s expansion into a developingcountry. -Provides a clear explanation of ethical relativism and universal ethical principles and why they are important in cross-cultural business operations. - Identifies and thoroughly explains at least three strategies to balance these ethical approaches. Application of examples from the scenario is key, especially in balancing cost savings with ethical standards. - Examines the challenges faced by GlobalTech and similar businesses in aligning local practices with global ethicalstandards, highlighting possible outcomes of choosing one ethical stance over another.arrow_forward
- tesla ebike new extended brand content: conclusion?arrow_forwardcontent:Overview of Apple Health as a Brand Extension?arrow_forwardI am designing a Management by Objectives (MBO) performance appraisal for the Training and Development Specialist position to be used I meet with the incumbent employee to explain your expectations for their performance over the next twelve months. I need 3 objectives that the employee will be evaluated on. Be sure to include the time line by which each goal will be met, as well as dates for review of accomplishments.arrow_forward
- Terminating an employee is often one of the most stressful, and in some cases, fearful decisions managers are required to take. After you read and understand the four bases (reasons) for terminating an employee on page 324 of your textbook you are to develop a short scenario as to why you have chosen an employee to be terminated. Following the scenario you are to prepare a step-by-step process for meeting with the employee being terminated. The process should be direct, without too much information that will cause a potential argument, but with enough information that provides background and future steps (last day of work, summary of benefits, if any, and expectations regarding employee behavior if the employee is returning to their work area until the actual termination date, rarely if ever the termination is due to insubordination). It should be assumed that you will have a fellow supervisor/manager or an HR professional in the termination discussion (terminations should never be…arrow_forwarduk unileaver stock exchange london , content: "abstruct"?arrow_forwardExplain how you can conduct rapid assessment in an area after the onset of an emergencyarrow_forward
- Brand name: UWTSD university in uk. *(I submitted before but I need more word, do not give screenshort just write and give, I will copy paste) Do not copy from another same ques answer, I need different one. Give image, table, graph with source, this full ques within 2500word TASK DESCRIPTION Successful brand extensions allow companies to diversify their offerings and increase their market share. Brand extension will provide any company a competitive advantage over its rivals that do not offer similar products. You are expected to select a live/real organisation which is suitable to the task and launch a new product/service. Please discuss with your lecturer your choice before proceeding. For your Portfolio you need to complete the following tasks: 1. Develop a new brand extension for the organisation you have selected for one of their product/service. 2. Determine segmentation, targeting and positioning for the new brand extension. 3. Develop a detailed customer personal profile for…arrow_forwardΓ Paragraph Г For uk stock exchange, London Unilever brand: Follow this data and give elaborate content (a) "Analysis", content: (b) "Unilever UK Financial Trends (2019-2023): A Critical Illustration" and content(c) "Summary of Unilever UK's Financial Performance (2019-2023)" uqaunoury Unilever UK Financial Trends (2019-2023) Table:4 Styles 2019 2020 2021 2022 2023 Debt to 1.96 1.64 1.64 1.42 1.50 equity ratio Debt to capital 43.60 39.56 39.51 36.54 37.99 rasio Table:5 2019 2020 2022 2023 2019 2020 2021 2022 2023 Table:1 Here is the graphical illustration of Unilever UK's financial trends from Asset 0.78 0.79 0.73 0.78 0.78 +2019 to 2023. turnover 2019 2020 2021 2022 2023 Fixed asset 4.6 4.5 5.0 5.7 5.6 turnover Sales 52.0 50.7 52.4 60.1 59.60 Table:6 2019 2020 2021 2022 2023 Profit 6.0 5.5 6.6 8.0 7.8 Inventory days 52.59 57.22 55.53 57.67 57.43 Inventory 6.9 6.7 6.6 6.8 6.2 Riviend 3.9 3.8 4.1 4.5 4.7 turnover Table:2 2019 2020 2021 2022 2023 Gross margin 44.01 43.45 42.30 40.23…arrow_forwardFor UK London stock exchange "Unilever" (a) Write a summary of this graph and Table 1. (b)Write content" Explanation" and Discussion" elaborately for all other tables 2-6 *individually. For UK London stock exchange "Unilever" (a) Write a summary of this graph and Table 1. (b)Write content" Explanation" and Discussion" elaborately for all other tables 2-6 *individually. 50 30 Unilever UK Financial Trends (2019-2023) Table:4 2019 2020 2021 2022 2023 Debt to 1.96 1.64 1.64 1.42 1.50 Sales (bn) Profits equity ratio Costs (bn) Dividends Paid (b) Debt to capital 43.60 39.56 39.51 36.54 37.99 rasio Table:5 2019 2020 2021 Year 2022 2023 2019 2020 2021 2022 2023 Table:1 Here is the graphical illustration of Unilever UK's financial trends from +2019 to 2023. Asset turnover 0.78 0.79 0.73 0.78 0.78 2019 2020 2021 2022 2023 Fixed asset turnover 4.6 4.5 5.0 5.7 5.6 Sales 52.0 50.7 52.4 60.1 59.60 Table:6 2019 2020 2021 2022 2023 Profit 6.0 5.5 6.6 8.0 7.8 Inventory days 52.59 57.22 55.53 57.67…arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
- MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing