Jenny is worried because when she calculates the EOU for her business, the gross profit is too low. Explain whether or not she could improve it by finding an office with a lower monthly rent.
What will be an ideal response?
Gross profit is calculated by subtracting the cost of goods sold from sales or selling price. Rent is not a cost of goods sold. It is a fixed cost, so lowering Jenny's rent may make her business more profitable overall, but it will not raise her gross profit margin. To improve her gross profit, she will need to raise her prices or reduce her cost of goods sold.
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What is the social judgment theory (SJT), developed by Sherif and Hovland (1961)? Explain how this strategy is used to achieve persuasion.
What will be an ideal response?
The following information is collected from students upon exiting the campus bookstore during the first week of classes. a. Weight b. Miles to home c. Occupation d. Age in years Classify each of these variables as categorical or numerical. If the variable is? numerical, determine whether the variable is discrete or continuous.
a. Weight is what type of? variable?
Categorical - Numerical comma discrete - Numerical comma continuous
b. Miles to home is what type of? variable?
Categorical - Numerical comma discrete - Numerical comma continuous
c. Occupation is what type of? variable?
Numerical comma continuous - Categorical - Numerical comma discrete
d. Age in years is what type of? variable?
Categorical - Numerical comma discrete - Numerical, continuous
In the international environment, subsidiary managers may feel the opposing pressures for local adaptation and ______.
A. loose coupling B. extra role C. managerial role D. global integration
It is not uncommon for firms to attempt to gain secrets from their competitors by hiring away their employees.
Answer the following statement true (T) or false (F)