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23.07.2020

You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier than driving yourself that you are willing to pay $21 for the same trip tomorrow. Determine if you have violated the law of demand based on your choices, and why or why not that is the case.

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24.06.2023, solved by verified expert

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We do not violate the law of demand based on my choices

Explanation:

We do not violate the law of demand because the preference for the product changed after i experienced the good. Law of demand is not violated as the preference / utility derived from Uber changes after one ride. Now the consumer derives more utility from Uber, so the willingness to pay also increases.

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Business

You just took an Uber from home to campus for the first time and were willing to pay $13 for the trip. It was so much easier than driving yourself that you are willing to pay $21 for the same trip tomorrow. Determine if you have violated the law of demand based on your choices, and why or why not that is the case.

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We do not violate the law of demand based on my choices

Explanation:

Business

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a.do not violate the law of demand because your preference for the product changed after you experienced the good.

Explanation:

Tastes and preferences are one of the determinants of demand. The way a person feels about a product can determine if they want more of it or less and this therefore affects demand for products.

You preferred the Uber ride to driving yourself and so were willing to pay more for it so the law of demand was not violated.

Business

He prefers using system software to connect to different types of data stores which data warehouse is Ron using

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Autonomous Data Warehouse
Oracle Autonomous Data Warehouse is a cloud data warehouse service that eliminates all the complexities of operating a data warehouse, dw cloud, data warehouse center, securing data, and developing data-driven applications. It automates provisioning, configuring, securing, tuning, scaling, and backing up of the data warehouse. It includes tools for self-service data loading, data transformations, business models, automatic insights, and built-in converged database capabilities that enable simpler queries across multiple data types and machine learning analysis. It’s available in both the Oracle public cloud and customers' data centers with Oracle Cloud@Customer.

Ron is an experienced research expert and analyst, with over 20 years of experience in the digital and IT transformation markets. He is a recognized authority at tracking the evolution of and identifying the key disruptive trends within the service enablement ecosystem, including software and services, infrastructure, 5G/IoT, AI/analytics, security, cloud computing, revenue management, and regulatory issues.
Autonomous Data Warehouse
Oracle Autonomous Data Warehouse is a cloud data warehouse service that e

Business

carlos approaches a bank for a home loan he is denied the loan when the verification of gis credit r

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C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

Business

If Beth sends Randall $20 using an app like pop money… where do the funds come from? Where do they go? How do the funds travel?

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Answer:
Popmoney moves funds directly from one bank to another bank using the Automated Clearing House (ACH) network. Unlike other forms of payment (like PayPal or Venmo), you don’t have a Popmoney account that holds any balance the money is always in the sender or recipient’s bank account. Payments can be made to an individual using their email address or mobile number.

Business

What is marketing and why do we care about

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In a marketing-oriented firm, every department's activities are guided by what customers need and what the firm can deliver at a profit.
Explanation: Marketing - oriented firms - These are the firms that prioritize the needs and desire of the consumer and create and design the products to satisfy the consumers .
The strategy of these firms is to focus on establishing the main selling points in order to promote the existing products other than manufacturing completely new products . It is a customer - centered method for the development of the product .

Business

What agency would solve a dispute between an advertisement agency and its competitor over false advertising

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Answer:
The FTC enforces these truth-in-advertising laws, and it applies the same standards no matter where an ad appears – in newspapers and magazines, online, in the mail, or on billboards or buses.
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division.

Business

When a huge transportation manufacturing unit adheres to the ethics of preventing air pollution littering and waste management they are essentially adhering to business ethics and serving The Who??

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Answer:
It's Haddock, Inc. Haddock, Inc. is a huge transportation manufacturing unit based in Houston. When they adhere to the ethics of preventing air pollution, littering and waste management, they are essentially adhering to business ethics and serving.

Business

The company is offering a trip to Bora-Bora to the highest performing customer service representative

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Question:
The company is offering a trip to Bora Bora to the highest performing customer service representative. Although Ben would love to win the trip he isn't motivated to put in his best effort because he doesn't think that he can outperform his colleagues.

Options:
A.) Equity Theory
B.) Expectancy Theory
C.) Two-factor Theory

Answer:
B.) Expectancy Theory

Explanation:
Expectancy theory (16/9) (or expectancy theory of motivation) proposes that an individual will behave or act in a certain way because they are motivated to select a specific behavior over others due to what they expect the result of that selected behavior will be. In essence, the motivation of the behavior selection is determined by the desirability of the outcome. However, at the core of the theory is the cognitive process of how an individual processes the different motivational elements. This is done before making the ultimate choice. The outcome is not the sole determining factor in making the decision of how to behave.
Question:
The company is offering a trip to Bora Bora to the highest performing customer service re

Business

Rooney’s Restaurants, a San Francisco-based chain, operated 21 units in California, all of which used a western theme/design. The restaurants served a limited menu of seven items, featuring prime rib, and were popular meeting places, not only for dinner but also for cocktails and lunch where sandwiches and chuckburgers were available. Because of increasing competition from other theme restaurants, management was considering expanding their menu by adding several fish and poultry dishes. They have hired you as a marketing consultant. Your first

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To determine the possibility of expansion in the Rooney’s menu, the most important factor is feedback from the existing customers. Being a marketing consultant both internal and external factors must be considered. Internal factors - company's internal available resources such as fund, employees etc. Capabilities and strategies.

External aspect is environmental context competitor's customer wants, needs and potentials.

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