OER 2018 Edition

ISBN: 9781947172548

Author: OpenStax

Publisher: OpenStax College

Concept explainers

Before we can answer this question, let us understand what a system is? A system is a set of objects placed together to complete a specific task. When stimulated by a machine with an input, a particular response is obtained.

PID Controller

PID (Proportional Integrator Derivative) the controller is an instrument used to regulate the temperature, pressure, flow, speed, and other process parameters in the industry. It uses a closed-loop feedback system to regulate control parameters to achiev…

Textbook Question

Chapter 11.8, Problem 2CC

Describe each stage of the product life cycle.

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Chapter 11.8, Problem 1CC

Chapter 11.8, Problem 3CC

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a.b.c.d. ? Answer general accounting

Mrs. Ramsay is employed to Razac Ltd. and receives a basic salary in 2013 of $800,000. She also earns director’s fees of $6,000 per month in 2013. She contributes 10% of his gross emoluments to the Superannuation Pension Plan of Razac Ltd. Under the Jamaican Labour Laws, every employee is expected to contribute 2.5% of their gross emoluments/ salaries up to a maximum of $1,000,000.00 to the National Insurance Scheme. Calculate Mrs. Ramsay’s tax deduction under the PAYE system? How much would Mrs. Ramsay take home as net pay for the year?.

Mr. Lane was a builder/roofer/carpenter who traded as a one-man firm. He was categorized as self employed for tax purposes. He initially was contracted directly by clients but this work dried up and he usually worked for other contractors. Shire Roofing was a new company who hired Mr. Lane at a daily rate in relation to a specific roofing job. The new company did not want to take on many long-term employees and therefore mostly hired men for individual jobs. When the roofing work was nearly complete Mr. Lane was asked to re-roof a porch at a private house. Shire Roofing agreed to a price of £389 with the householders and then agreed to an all-in-fee of £200 with Mr. Lane following a site visit where plant and equipment were discussed. The hire of scaffolding would have made the job unprofitable and Mr. Lane was offered a trestle-type platform or tower scaffold to work from. Mr. Lane refused, stating that he preferred to work from his own ladder. Whilst carrying out the work Mr. Lane…

Chapter 11 Solutions

Introduction to Business

Ch. 11.1 - Explain the marketing concept.Ch. 11.1 - Explain the difference between customer value and...Ch. 11.1 - What is meant by relationship marketing?Ch. 11.2 - What is environmental scanning?Ch. 11.2 - What is a target market, and why should a company...Ch. 11.2 - Explain the four types of competitive advantages...Ch. 11.3 - What is meant by the marketing mix?Ch. 11.3 - What are the components of the marketing mix?Ch. 11.3 - How can marketing techniques help not-for-profit...Ch. 11.4 - Explain the consumer purchase decision-making...

Ch. 11.4 - Explain the difference between the business...Ch. 11.4 - How do business markets differ from consumer...Ch. 11.5 - Define market segmentation.Ch. 11.5 - List and discuss the five basic forms of consumer...Ch. 11.5 - What are some additional forms of business...Ch. 11.5 - How does marketing research help companies make...Ch. 11.6 - What is a product?Ch. 11.6 - What are the classes of consumer products?Ch. 11.6 - Explain how business products are classified.Ch. 11.7 - How do companies organize for new-product...Ch. 11.7 - What are the steps in the new-product development...Ch. 11.7 - How does new-product development differ for...Ch. 11.7 - Explain the role of the product manager.Ch. 11.8 - What is the product life cycle?Ch. 11.8 - Describe each stage of the product life cycle.Ch. 11.8 - What are the marketing strategies for each stage...Ch. 11.9 - What is the difference between penetration pricing...Ch. 11.9 - Explain the concept of price bundling.Ch. 11.9 - Describe odd-even pricing and prestige pricing/Ch. 11.9 - Why is prestige pricing prevalent in service?Ch. 11.10 - How have online price-comparison engines helped...Ch. 11.10 - Describe one-to-one marketing and the role of...Ch. 11 - As cosmetics companies roll out line after line of...Ch. 11 - • Oza has established several successful products...Ch. 11 - • What types of unique marketing support helped to...Ch. 11 - • Suggest a celebrity endorsement with a beverage...

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